Starbucks Embraces Transparency, Wedbush Initiates on Intuitive Surgical, and 3 More Hot Stocks
Starbucks (NASDAQ:SBUX): The coffee retail giant is joining the ranks of restaurant chains to post its calorie counts on menus across the country. Starbucks has tried to brand its food offerings as healthier alternatives to fast food, but the caloric content of its whipped-cream and sugar-heavy beverages tend to negate any calorie savings that the food may offer. If you’re really looking to cut calories, opt for the company’s juice offerings instead.
Intuitive Surgical, Inc. (NASDAQ:ISRG): “Mounting criticisms from multiple parties” have not swayed the folks at Wedbush, as the firm still considers the company’s risk and reward profile on shares as being attractive, and initiates coverage with an Outperform and a $580 price target. Our bullish outlook is predicated on the underpenetrated procedure opportunity, ongoing launch of new instruments and accessories, and ISRG’s track record of innovation and new product development,” the analyst said.
Fusion-io, Inc. (NYSE:FIO): Needham’s bullish initiation of coverage on Fusion seems lost on investors, who are taking more into account the negative sell-side commentary and the resignations of founders David Flynn and Rick White from the company’s board. RBC Capital says that the departures “validate investor concerns, that the transition wasn’t as amicable as one would expect.” Needham argues investor sentiment is bottoming, says checks indicate FIO “remains in the pole position” in the hyperscale data center realm, and that product launches this year and next “should re-establish FIO as a technology innovator.”
Exide Technologies (NASDAQ:XIDE): Shares of Exide leapt on the news that a California judge ruled that the company can re-open a plant that was closed by the state’s Department of Toxic Substances Control. The department had ordered the company — which recently filed for Chapter 11 bankruptcy protect — to suspend operations at the plant in April, saying the facility’s arsenic emissions posed “an unacceptable risk to public health.” The decision is pending a hearing on July 11th.
Camtek Ltd. (NASDAQ:CAMT): Shares are racing after the company announced that it has entered into a frame engagement for 10 semiconductor inspection systems, with the first order is worth “in excess of $2 million,” according to Camtek’s statement. “Such a significant order provides us with improved visibility and strengthens our market share at outsourced semiconductor assembly and test providers, companies which play an ever evolving and increasingly important role in the semiconductor packaging ecosystem,” said CEO Roy Porat.