Coinstar Eyes Coffee Market and 4 Hot Stocks Making Waves Now

Coinstar Inc. (NASDAQ:CSTR) has turned to the coffee market, as it has begun to install dispensers pumping inexpensive, fresh-brewed mochas and lattes at the corner store, with the use of Starbucks (NASDAQ:SBUX)’s Seattle’s Best brand, according to Bloomberg. The company hopes to make its break into the $28.5 billion out-of- home coffee market by delivering convenience and a low price. It is also interested in expanding the premium market by serving coffee where it is not currently offered, which includes drug stores and big-box retailers.

McKesson Corporation (NYSE:MCK) and Rite Aid (NYSE:RAD) revealed the extension of their supply agreement to March 31, 2016. Under the agreement, Rite Aid is to purchase all of  McKesson’s requirements for brand name prescription drugs, and a few generic prescription drugs, for company purchases for warehouse delivery.

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

Gap Inc. (NYSE:GPS):The number of vacancies fell at malls and held steady at strip shopping centers during Q3 while landlords worked to attract new retailers to fill space while companies like Best Buy (NYSE:BBY), Staples (NASDAQ:SPLS), Gap, and Office Depot (NYSE:ODP) either closed their stores or downsized. Malls in the highest 77 U.S. markets had an average vacancy rate of about 8.7% for the quarter, which has fallen from Q2’s 8.9 percent, according to Reis Inc. (NASDAQ:REIS) data, the Wall Street Journal reports.

Macy’s, Inc. (NYSE:M) total sales reached $2.358 billion for the five weeks that ended on Sept. 29, this is a 2.7 percent rise versus total sales of $2.297 billion for the five weeks that ended on Oct. 1, 2011. On a same-store basis, Macy’s, Inc. sales saw a 2.5 percent rise in September versus September of 2011. Additionally, same-store sales for August and September together saw a 3.6 percent rise during 2012 versus the same period in 2011. Sales in August and September together, including the back-to-school season, were consistent with the positive year-to-date trend. “We continue to feel good about the remainder of our fall season as we begin to ramp up receipts of fresh inventory for the cooler weather ahead,” the company said.

Bank of America (NYSE:BAC) is embroiled in litigation with monoline bond insurer MBIA (NYSE:MBI) regarding shaky mortgages that were underwritten by Countrywide Financial, which was purchased by Bank of America in 2008. New York State Supreme Court Justice Eileen Bransten will need to determine if Bank of America is liable for the actions of Countrywide prior to acquiring the company. She will hear oral arguments on primary liability (Countrywide’s) on Nov. 14 and 15 along with arguments on successor liability (Bank of America’s) on Dec. 5 and 6, according to a report from BTIG analyst Mark Palmer.

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>