Stock Market News for October 31, 2014

[10:10 am]

  • Facebook and Twitter seem pretty fragile, but LinkedIn has steady progress.
  • Facebook has to spend too much money to keep their users happy
  • Goldman Sachs cuts oil price targets for 2015
  • Kevin O’Leary is warning us that we’ll have a 25 basis points rate hike in the next six months
  • The uptick in wages is what the FED is looking for

[9:00 am]

October consumer sentiment is 86.9 which is the highest since 2007

[8:45 am]

Starbucks Shares getting Hit – Should We Still Invest?

  • Starbucks has been a public company for 22 years and has never had a better Q4
  • Possible concern SBUX disappointed on the comp numbers
  • Added 1% traffic during the quarter – +500K new customers each quarter
  • SBUX is planning on mobile order and pay and plans to disrupt the coffee industry
  • 1400 stores in China – wants to triple that business
  • Wants to double business in Japan
  • Significant cultural shift in the way people buy things in America – mobile order and pay!!
  • Jim Cramer

[8:40 am]

Dow Jones Sets All Time High – 17,331+

  • The dow set an intraday record immediately after the bell
  • Japan kept QE sending stocks higher