TALES OF THE TAPE: KKD, SBUX, BWLD, MSSR

Notable news items and price action from the last twenty-four hours

  • KKD shares gained on accelerating volume but fell in after-hours on the back of weaker-than-expected earnings.
  • SBUX Managing Director for the U.K. and Ireland, Darcy Willson-Rymer, spoke at a conference in London today and stated that he expects coffee supplies to expand over the next three years.
  • U.S. consumer discretionary was cut to Neutral at J.P. Morgan, citing a downturn in economic momentum and consumer discretionary relative P/S (vs S&P 500) at 15-year high pointing to diminished risk/reward.
  • BWLD and MSSR declined on accelerating volume.

TALES OF THE TAPE: KKD, SBUX, BWLD, MSSR - stocks 41

Howard Penney

Managing Director