My Stock/Market Alert is an event driven brief about a stock OR the market when noteworthy action occurs. Today’s alert is about Starbucks stock. After announcing a new CEO early this morning, SBUX stock gained the most in one day in its history. Starbucks has long been held in Blackhawk Asset Management’s Diversified Value portfolio (BAMDV).
Expect the frequency of my Stock/Market Alert notes to be consistent with meaningful moves in a specific stock held by BAM Portfolios or the stock market in general.
Today Starbucks announced a new CEO. The company enticed Brian Niccol, the CEO of Chipotle to be its new chief. SBUX stock soared. Today’s stock jump for Starbucks was the biggest one day gain in the company’s 32 year history. Mr. Niccol is a proven effective leader and has been credited with turning around Chipotle from its 1998 lows caused by its E. coli scare and food safety concerns. He regrew customer loyalty and regained the company’s profitability. Before that, Nichols was the CEO of Taco Bell.
What a difference a new CEO can make. After falling about 20% for the year through yesterday, Starbuck stock jumped over 24% today.
Below are initiatives already addressed by Niccols to focus on as the new chief of Starbucks. Wall St. seems to be willing to bet that he can do for lattes what he did for burritos.
Blackhawk Wealth Advisors is the parent corporation of Equity Research & Portfolio Evaluation and Blackhawk Asset Management. It’s Chief Investment Officer is John J. Gardner. John is a Certified Financial Planner (CFP®) and Certified Portfolio Manager (CPM®)
Blackhawk Wealth Advisors employs a collaborative, multi-generational model by using tax efficient and risk mitigation strategies to maintain your current lifestyle while meeting your long term needs and goals. BWA brings together all aspects of your financial life with the expertise of ERPE and BAM.
Blackhawk Asset Management
At BAM, we take the research we obtain from ERPE and utilize it to manage our clients’ assets. Our founder, John Gardner, CFP®, CPM®, offers high net worth investors experienced investment portfolio management based on a disciplined methodology. John is one of the nation's approximately 400 Certified Portfolio Managers and has managed billions of dollars in equity portfolios over his professional career since 1984. He has created four effective, proprietary portfolios: Thematic Growth, Strategic Income, Diversified Value, and Global Opportunity, which have helped clients prosper.
More Info
Equity Research & Portfolio Evaluation
Equity Research & Portfolio Evaluation (ERPE) utilizes its propietary approach in analyzing investments. Its proven success researching equities is based on a blend of fundamental and technical analysis. ERPE's time-tested Top 10 Tenets guide the investment process to achieve Portfolio Optimization: This is through minimizing risk without sacrificing return.
