Stocks On Watch: ItauUnibanco Holding SA (ADR) (NYSE:ITUB);Symantec Corporation (NASDAQ:SYMC) And Starbucks Corporation ( NASDAQ:SBUX )

Chris Brown - February 4, 2014

Boston, MA 02/04/2014 (wallstreetpr) – Brazilian bank ADR ItauUnibanco Holding SA (ADR) (NYSE:ITUB) fell on Monday’s trading session as a part of broader market fall. Almost all the Brazilian stock shed gains on Monday as investors reflected concerns over reports that the economic activity in China and the U.S. are falling in January as compared to December. Analysts stated that the concerns have grown about the recovery of the global economy, especially, after the Fed measures to continue slashing its monetary stimulus. ItauUnibanco Holding SA (ADR) (NYSE:ITUB)’s stock prices fell 1.58% on Monday.

Shares of Symantec Corporation (NASDAQ:SYMC) continue to plummet even on Monday even as the company posted above par quarterly results. The negative sentiment riding on the stock exchange is due to the company’s weak guidance for the next fiscal year. As per the reports, Symantec’s revenue sank 5% year over year, to $1.7 billion, which led to the earnings of $0.51 per share, which is a 13% growth during the quarter. But, still the company fared to beat Wall Street’s consensus for earnings, which was expected at $0.43 per share on overall sales of $1.65 billion.The point which missed to raise any enthusiasm among investors was its future guidance. As per the guidance, Symantec Corporation (NASDAQ:SYMC) has projected fiscal fourth-quarter 2014 revenue in the range of $1.615 -$1.655 billion, and estimated earnings per share to fall in between $0.40-$0.42.

Starbucks Corporation (NASDAQ:SBUX) will start trading on the exchange ex-dividend today. The cash dividend payment fixed at $0.26 a share,is slatedto be paid out on February 21, 2014. This means that the shareholders who haveobtainedStarbucks stock before the ex-dividend date will be entitledto the cash dividend payment. Starbucks Corporation (NASDAQ:SBUX) is a popular coffee chain an it is a roaster as well as a marketer of coffee and operates across 60 countries.

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Chris Brown

About Me: I have a Phd in Economics Gender: Male Interests: Playing games like cricket, volleyball Favorite Music: hip hop, rock, jazz

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