NEW YORK, NY -- (Marketwire) -- 11/30/12 -- StBulls.com has initiated technical analysis on Starbucks Corp. (NASDAQ: SBUX) and Panera Bread Company (NASDAQ: PNRA), and these reports are free upon registration at
The specialty eateries industry has been performing well recently, and a number of positive factors in the U.S. could lead companies such as Starbucks and Panera Bread higher. The private sector added a net 184,000 jobs in October, which could provide a boost to the aforementioned companies as more customers have access to income. Higher consumer confidence is also a plus, as customers feel more inclined to loosen their purse strings and eat or drink out.
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While improving market conditions augur well, several companies have been making moves of their own in an attempt to improve their positions. Starbucks has been in the spotlight recently, as it announced that it has agreed to acquire Teavana Holdings Inc. It will be interesting to see how the company moves forward in the tea category. Starbucks has also been busy abroad as it newly stated that it has opened its 100th store in Beijing, China. Read our technical analysis on Starbucks at
On the earnings front, Panera has been doing a stellar job. The company reported 3rd quarter net income of $37 million, as compared to $29 million a year ago. During the quarter, the company also opened a number of new bakery-cafes and managed to improve its margins. Our technical analysis on Panera Bread is available at
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