Starbucks Levels to Watch After Company Suspends Outlook

1 hr 12 min ago

Starbucks (SBUX) shares were down slightly early Wednesday after the global coffee chain suspended its 2025 outlook and reported preliminary fiscal fourth-quarter results that came in below Wall Street expectations, as new CEO Brian Niccol starts implementing a turnaround strategy.

Starbucks shares have gained around 28% since Niccol’s appointment in August, but the stock is flat since the start of the year amid a slowdown in sales arising from increased competition and sluggish demand in the company's key U.S. and China markets.

Buyers have defended the lower trendline of a symmetrical triangle and the 50-day moving average, though the stock sits poised to break down below the pattern.

Investors should monitor key support areas on Starbucks' chart around $90 and $83, while watching overhead levels near $99 and $107.50 during a recovery.

The stock was down 0.5% at $96.31 in recent trading, after falling as low as $93.69 early in the session.

Read the full technical analysis piece here.

–Timothy Smith

GE Vernova Reports Surprise Loss

1 hr 53 min ago

GE Vernova (GEV) reported an unexpected loss Wednesday, its second time in three quarters as a standalone company that it has posted an unprofitable period.

The former division of General Electric reported $8.91 billion in third-quarter revenue, about $10 million shy of analysts’ estimates, along with a $99 million net loss, smaller than the one it reported as part of the conglomerate last year but well below the $134.5 million profit expected, per Visible Alpha.

GE Vernova said its margins improved in its power and electrification segments, but that growth was offset by contract losses in its offshore wind business.

The company affirmed its full-year outlook after lifting it in the second quarter, expecting revenue toward the higher end of the $34 billion to $35 billion range, and continues to say its wind segment should be “approaching profitability” by the end of the fiscal year.

Analysts have said GE Vernova is well-positioned over the long term as demand for electricity, especially in renewable forms, continues to increase across the globe to power energy-demanding projects like data centers needed for artificial intelligence (AI).

GE Vernova shares were fluctuating between slight gains and losses in early trading,

–Aaron McDade

McDonald's Levels to Watch as Stock Slides After E. Coli News

3 hr 52 min ago

Shares in McDonald’s (MCD) plunged 7% in premarket trading after health authorities said late Tuesday they were investigating an E. coli outbreak possibly linked to the fast-food chain’s Quarter Pounder burgers.

The projected drop in the stock price may lead to a retest of a prior 16-month trading range before the stock potentially continues its longer-term uptrend.

investors should watch important retracement levels on the McDonald's chart around $300, $280, and $260. The stock was trading at $293 about two hours before Wednesday's opening bell.

The measuring principle, which calculates the distance between the trading range’s two trendlines and adds that amount to the breakout area, forecasts a bullish price target of $353.

Read the full technical analysis piece here.

–Timothy Smith

Futures Point to Lower Open for Major Indexes

4 hr 18 min ago

Futures tied to the Dow Jones Industrial Average were down 0.5%.

S&P 500 futures were down 0.2%.

Nasdaq 100 futures were off 0.3%.

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