US Futures, Global Markets Storm Higher, Eye All-Time Highs [zero hedge]
Dutch Bros Inc. (BROS)
Company Research
Source: zero hedge
US Futures, Global Markets Storm Higher, Eye All-Time Highs US equity futures pointed to even more gains on the last day of trading, leaving the S&P 500 set for a third weekly rise — the longest run since February. The rally was given fresh legs yesterday by more earnings optimism coupled with disappointing economic data - this time the highest initial jobless claims since last August - that supported the case for Fed rate cuts, but the real test will come with a key US inflation print next week (where we laid out a case for why as OER catches down to real-time rates, CPI may print a big miss). As of 8:00am, S&P 500 futures higher by 0.3% after the index closed less than 1% away from its all-time high , with Nasdaq futures rising 0.4%. European stocks are up 0.9% set for a new record high with Asian stocks also gaining. Treasuries and the dollar were flat; earlier on Friday, the yuan weakened on the news that Biden’s administration is poised to unveil a sweeping decision on new China
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BROS
News
- Why It's Time to Sell Starbucks and Buy Dutch Bros Instead [Yahoo! Finance]Yahoo! Finance
- With Shares Down Nearly 55%, Is Now the Time to Buy This Restaurant Stock? [Yahoo! Finance]Yahoo! Finance
- The Ultimate Growth Stock to Buy With $500 Right Now [Yahoo! Finance]Yahoo! Finance
- Dutch Bros Inc. (NYSE: BROS) had its price target raised by analysts at Wedbush from $39.00 to $45.00. They now have an "outperform" rating on the stock.MarketBeat
- Dutch Bros Inc.'s (NYSE:BROS) high institutional ownership speaks for itself as stock continues to impress, up 24% over last week [Yahoo! Finance]Yahoo! Finance
BROS
Earnings
- 5/7/24 - Beat
BROS
Sec Filings
- 5/17/24 - Form 144
- 5/17/24 - Form 144
- 5/15/24 - Form 4
- BROS's page on the SEC website