Stock Movers: Starbucks Rises, AT&T Gains, Textron Falls on Profit Forecast

Starbucks Turnaround Plan Shows Promise

• 📈 Starbucks (SBUX) shares are up, driven by a 4% increase in global sales at established locations for the most recent quarter.
• 💡 This performance suggests the company's turnaround strategy may be taking hold, with the stock having risen approximately 17% year-to-date.
• 💰 Starbucks has also identified about $2 billion in cost reductions planned over the next couple of years.

AT&T Exceeds Expectations with Connectivity Growth

• 📞 AT&T (T) reported fourth-quarter profit and revenue that surpassed analyst estimates.
• 🌐 The gains are attributed to customers subscribing to multiple connectivity services, with AT&T adding over half a million fixed and mobile internet subscribers.
• 🚀 This includes significant additions of 283,000 new fiber customers and 221,000 for its wireless internet product, Internet Air.

Textron Stock Dips on Capital Expenditure Concerns

• ✈️ Textron (TXT), a manufacturer of aircraft and helicopters, experienced a significant stock decline of over 9%.
• ⚠️ The drop follows a disappointing 2026 profit forecast, which anticipates a substantial 70% increase in capital expenditures.
• 📉 Wall Street's reaction indicates displeasure with the projected rise in spending.