Starbucks Brings New Products to Whole Foods and 3 More Hot Stocks
Starbucks (NASDAQ:SBUX): The coffee giant will be launching its new Evolution Fresh juice drinks and Evolution Harvest snacks at Whole Foods Market (NASDAQ:WFM) locations nationwide. By the end of the year, Starbucks is hoping to have more than 8,000 Whole Foods stores loaded up with its new product line.
Tiffany & Co. (NYSE:TIF): The luxury jeweler logged earnings per share for the second quarter of 83 cents, which beat by 9 cents; revenue of $926 million missed, though, by $15.37 million. Though the Americas showed 2 percent growth to $444 million, it couldn’t hold a candle to Asia Pacific’s 20 percent surge to $208 million. Even Europe performed well, with 11 percent growth to $111 million. The company has raised its 2013 EPS guidance to $3.50-$3.60, up from a prior range of $3.43-$3.53.
Barnes & Noble (NYSE:BKS): Mitchell Klipper, the retail chief for the bookseller, sold nearly two-thirds of his position in the company’s stock over the past few days, amounting to roughly 401,000 shares according a Securities and Exchange Commission filing. Some quick number crunching reveals that Klipper sold the positions for an average price of around $14.26 per share.
JPMorgan Chase (NYSE:JPM): Javier Martin-Artajo, who is wanted in the U.S. for his role in the London Whale trading scandal, turned himself in to Spanish authorities Tuesday. Martin-Artajo is charged with wire fraud and conspiracy to falsify books and records related to the $6.2 billion loss that the bank sustained as a result.