Mike McNeil, author at Seeking Alpha, discusses why he is bullish on Starbucks stock for 2018. We also talk about the company's latest announcement that it will boost worker pay and benefits thanks to savings from the new U.S. tax plan.
McNeil cites the company's expansion in China, its growing membership rewards program, and its ability to tailor menus based on store locations as reasons to be bullish on the stock.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
