• Hedge Funds Have Never Been This Bullish On IQVIA Holdings, Inc. (IQV)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On IQVIA Holdings, Inc. (IQV)

    There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […]

  • Trade war pause, retail sales, bank earnings – What to know in the week ahead
    Yahoo Finance

    Trade war pause, retail sales, bank earnings – What to know in the week ahead

    The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.

  • Bloomberg

    Starbucks Stores That Only Accept Mobile Orders Sure Beat the Line

    (Bloomberg Opinion) -- How worried should we be about Starbucks’s recent announcement that it plans to begin testing a new type of store that only takes orders via mobile app — no cashiers?At first glance the image seems vaguely dystopian: person after person filing through, inevitably wearing AirPods, to pick up caffeine-and-sugar infusions they ordered by pressing a few buttons on their smartphones as they were leaving home — all without a moment of human interaction.(1)But that’s more or less what’s happening right now at regular Starbucks stores: the company already accepts mobile orders, and has more than 16 million mobile users. The drawback is that those users crowd the stores and cause bottlenecks at peak times; in some outlets, the glut of mobile orders has gotten so bad that it’s discouraging walk-in customers. Thus, the mobile-only store model is presumably a response to problems already created by mobile ordering.Experiments of this kind are increasingly common. Amazon Go stores are cashier-less. Some grocery stores let you scan items as you pick them up and economize on checkout time. And mobile ordering is becoming widespread for foods ranging from salad to lobster. So we might not be too far away from the day when mobile ordering and cashier-less purchasing are the norm, rather than the exception.Will we be better off for it?In Starbucks’s case, at least, mobile-only stores might actually work out well for customers. Those who want to order via mobile will be able to go to specialized stores optimized for handling them. And that will reduce congestion at other stores, meaning that people there won’t have to spend as much time waiting for their drinks.As with many forms of product differentiation, the change might even increase demand for Starbucks coffee. Anyone who previously found Starbucks too time-consuming to stop in during their morning commutes will have a new, faster option. And people who had been driven off by the throngs of mobile-order customers might be able to come back.It’s less clear, however, how mobile-only stores will affect Starbucks employees.Some activists are trying to push for laws that would put limits on the shift to cashier-less shopping, requiring that stores must have humans on hand to ring up customer orders. That’s an onerous proposal — analogous to saying that every ATM should also have a bank teller on hand.(2)But still, you can see why there’s concern. Presumably, cashier-less stores will need fewer employees, even if they do pull in a large number of new customers. And reducing congestion in regular Starbucks stores might reduce staffing needs there as well.Then there's the drudgery factor: Working in a mobile-only store will surely be a lot more monotonous, more like being employed on a factory assembly line than in a typical coffee shop, where give-and-take between workers and customers can be part of the appeal. There will be less human interaction – and what interactions there are might well be with upset customers.It’s also likely that the workers at mobile-only stores won’t make nearly as much in tips. First off, customers might not feel an obligation to employees they don’t interact with personally. Moreover, tipping using an app isn’t observable to others, and there’s solid evidence that people take prosocial actions more frequently when others are watching.  In other words, people tend to tip more when they know they're being observed.That said, the Starbucks app’s default tipping options are on the order of 10% to 20% -- higher than many people give with the typical change-in-jar approach. So if Starbucks pushes app tipping hard with notifications and alerts, there might not be too much of a shortfall. Better would be to still have a physical tip jar in mobile stores — or even to place a star on the order display board next to the name of anyone who tips.So there’s a chance that mobile-only Starbucks might be beneficial overall, rather than dystopian. Or at least not as dystopian as the pumpkin-spice latte.(1) I mean, isn’t that basically one of the opening scenes of the movie "Equilibrium"?(2) And what about completely automated coffee shops like those now operating in San Francisco?To contact the author of this story: Scott Duke Kominers at skominers1@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Scott Duke Kominers is the MBA Class of 1960 Associate Professor of Business Administration at Harvard Business School, and a faculty affiliate of the Harvard Department of Economics. Previously, he was a junior fellow at the Harvard Society of Fellows and the inaugural research scholar at the Becker Friedman Institute for Research in Economics at the University of Chicago.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • American Express (AXP) Outpaces Stock Market Gains: What You Should Know
    Zacks

    American Express (AXP) Outpaces Stock Market Gains: What You Should Know

    American Express (AXP) closed the most recent trading day at $116.40, moving +1.2% from the previous trading session.

  • United Technologies, Raytheon Take Key Step Toward Forging No. 2 Aerospace/Defense Giant
    Investor's Business Daily

    United Technologies, Raytheon Take Key Step Toward Forging No. 2 Aerospace/Defense Giant

    Shareholders OK'd the United Technologies and Raytheon "merger of equals." UTX stock, Raytheon stock rose. Regulators must OK the aerospace and defense giant.

  • Moody's

    Wells Fargo Commercial Mortgage Trust 2015-C28 -- Moody's affirms five classes of WFCM 2015-C28

    Moody's rating action reflects a base expected loss of 5.1% of the current pooled balance, compared to 5.2% at Moody's last review. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.

  • Zacks Value Trader Highlights: Carnival, Athene, Diamondback, Carrefour and Freeport
    Zacks

    Zacks Value Trader Highlights: Carnival, Athene, Diamondback, Carrefour and Freeport

    Zacks Value Trader Highlights: Carnival, Athene, Diamondback, Carrefour and Freeport

  • Did Hedge Funds Drop The Ball On Altice USA, Inc. (ATUS) ?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Altice USA, Inc. (ATUS) ?

    Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]

  • Royal Mint launches the first debit card made from solid gold — and it costs more than $20,000
    MarketWatch

    Royal Mint launches the first debit card made from solid gold — and it costs more than $20,000

    The 18-carat card costs a whopping £18,750 ($23,440) and can be personalized for customers who “value high-quality luxury items that make a statement,” the maker of U.K. bank coins said.

  • American Express (AXP) Earnings Expected to Grow: Should You Buy?
    Zacks

    American Express (AXP) Earnings Expected to Grow: Should You Buy?

    American Express (AXP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Geron Starts Enrollment in Phase III MDS Study on Imetelstat
    Zacks

    Geron Starts Enrollment in Phase III MDS Study on Imetelstat

    Geron enrolls first patient in the late-stage IMerge study to evaluate imetelstat in myelodysplastic syndromes.

  • Viper Energy Partners (VNOM) Prices $500M Senior Notes at Par
    Zacks

    Viper Energy Partners (VNOM) Prices $500M Senior Notes at Par

    Viper Energy Partners (VNOM) estimates net proceeds from senior notes offerings at roughly $492 million.

  • Need To Know: Altice USA, Inc. (NYSE:ATUS) Insiders Have Been Selling Shares
    Simply Wall St.

    Need To Know: Altice USA, Inc. (NYSE:ATUS) Insiders Have Been Selling Shares

    It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

  • Consumer Showing 'Early Signs of Cracking' Raises Red Flag for Stocks
    Investopedia

    Consumer Showing 'Early Signs of Cracking' Raises Red Flag for Stocks

    Large numbers of consumers are struggling to pay their bills, meaning that growth in consumer spending, 70% of U.S. GDP, may stall.

  • Coca-Cola Q3 2019 Earnings Preview: Is KO Stock Due for a Selloff?
    Zacks

    Coca-Cola Q3 2019 Earnings Preview: Is KO Stock Due for a Selloff?

    With Q3 2019 earnings season set to heat up when the big banks start to report on Tuesday, October 15, it's time to see what investors should expect from Coca-Cola...

  • Hedge Funds Have Never Been This Bullish On United Technologies Corporation (UTX)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On United Technologies Corporation (UTX)

    Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]

  • 3 Semiconductor Stocks to Buy in the Fourth Quarter of 2019
    Zacks

    3 Semiconductor Stocks to Buy in the Fourth Quarter of 2019

    All three major U.S. indexes jumped Thursday on the back of some positive U.S.-China trade war news. Even if a deal isn't reached anytime soon the semiconductor industry seems sure to be a solid long-term play...

  • 6 Stocks Trading Below Peter Lynch Value
    GuruFocus.com

    6 Stocks Trading Below Peter Lynch Value

    Bristol-Myers Squibb tops the list Continue reading...

  • Visa With Intuit Enables Instant Cash for Small Businesses
    Zacks

    Visa With Intuit Enables Instant Cash for Small Businesses

    Visa (V) rolls out instant deposit service to facilitate cash flows for small businesses.

  • Ben Graham's Tips on How to Find Bargain Stocks
    Zacks

    Ben Graham's Tips on How to Find Bargain Stocks

    Companies and industries may change over the decades, but top investing strategies are timeless.

  • Builders FirstSource (BLDR) Hits 52-Week High, Can the Run Continue?
    Zacks

    Builders FirstSource (BLDR) Hits 52-Week High, Can the Run Continue?

    Builders FirstSource (BLDR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

  • Honeywell Unveils New Hearing Solution for Worker Safety
    Zacks

    Honeywell Unveils New Hearing Solution for Worker Safety

    Honeywell's (HON) VeriShield Smart Hearing Solution will assist companies in improving their hearing conservation programs with a personalized approach to worker protection.

  • Benzinga

    'Fast Money Halftime Report' Traders Weigh In On Lowe's, Micron And More

    On CNBC's "Fast Money Halftime Report," Meghan Shue said she likes SPDR S&P Biotech (NYSE: XBI ). She thinks it's an area that has less political risk, pretty good earnings, a good innovation ...

  • Benzinga

    Todd Gordon's Starbucks Options Trade

    On CNBC's "Trading Nation," Todd Gordon of TradingAnalysis.com suggested that traders should consider a bullish options trade in Starbucks Corporation (NASDAQ: SBUX ). He had to close his previous ...

  • Barrons.com

    Millennials Are Finally Buying Houses. 8 Stocks That Can Benefit.

    There is no shortage of headlines about how young adults have delayed milestones like marriage and family, but Jefferies argues that the trend is winding up.