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SBUX

SBUX gets another earnings miss SHORTSBUX on the dialy chart may be another candidate to short while the general market remains challenging in the face of the loss of anticipated rate cuts and ongoing geopolitical risk. SBUX has been trending down for nearly six months and the earnings miss add emphaisis to the trend. At this juncture, there is nothing to suggest a turnaround. I am adding SBUX to my short list. I will look for pivot highs on a lower time frame and average into an overall position in pieces.
NASDAQ:SBUXShort
by AwesomeAvani
Starbucks: Deeper! 🐳 Starbucks recently moved lower into our Target Zone (between $86.38 and $68.39), where we anticipate the low for wave (B) in dark green. In the short term, the only thing missing here should be the completion of the subordinate wave (c) in magenta. So, we still grant the stock the space to head closer to the 100.00% Fibonacci. However, it is also 35% likely that our Zone will be undercut. In this case, we would anticipate the low of the alternative wave alt. (B) a little lower in the chart. In any case, as soon as the $89.73 mark is crossed, that will be an important confirmation for a successful bottom formation.
NASDAQ:SBUXLong
by MarketIntel
Starbucks Joins Forces with Podback for Coffee Pod RecyclingIn a significant stride towards environmental sustainability, Starbucks ( NASDAQ:SBUX ) has announced a groundbreaking partnership with Podback, a leading coffee pod recycling initiative in the UK. This innovative collaboration aims to revolutionize the way coffee lovers dispose of their used pods, making recycling effortless and accessible to all. With coffee pod usage on the rise, environmental concerns regarding their disposal have been escalating. Recognizing this pressing issue, Starbucks ( NASDAQ:SBUX ) has taken proactive steps to address it. Through this partnership, Starbucks ( NASDAQ:SBUX ) At Home customers can now easily recycle their used coffee pods by simply picking up free Podback recycling bags at any of Starbucks' 1,250 coffee shops across the UK. Once filled with used pods, these bags can be conveniently dropped off at any of the 6,500 Yodel drop-off locations nationwide. Additionally, Podback offers kerbside collection services for 1.5 million households in 21 UK local authorities, further enhancing accessibility to recycling facilities. This initiative sheds light on Starbucks' commitment to sustainability. Jacqui Wetherly, Sustainability Director at Starbucks UK, emphasizes, "We are committed to our continued journey of reducing the environmental impact of all of our coffee products, from the beans to the milks we use and the way it is served." By partnering with Podback, Starbucks ( NASDAQ:SBUX ) is not only making recycling more convenient for its customers but also significantly reducing its environmental footprint. Rick Hindley, Executive Director at Podback, lauds the collaboration, stating, "Partnering with one of the world’s best-known coffee brands is a sign of the considerable progress that Podback has made towards establishing a convenient and simple way for people to recycle used pods." This partnership exemplifies the collective effort of both Starbucks ( NASDAQ:SBUX ) and Podback in promoting sustainability and responsible consumption. Furthermore, all coffee pods collected by Podback are recycled within the UK, contributing to the circular economy. Aluminum pods are repurposed into beverage cans, while plastic pods are transformed into various products, including supermarket crates and building materials. Even the leftover coffee grounds undergo anaerobic digestion, generating biogas and serving as a soil improver, completing the recycling loop. This collaboration between Starbucks ( NASDAQ:SBUX ) and Podback marks a significant milestone in the journey towards a greener future. By providing a seamless recycling solution for coffee pod users, they are not only mitigating environmental impact but also inspiring other companies to adopt similar initiatives. As consumers become increasingly conscious of their environmental footprint, partnerships like these play a crucial role in fostering a more sustainable society. Technical Outlook Despite the collaboration with Podback, NASDAQ:SBUX stock is down 2% trading below the 200, 100, and 50-day Moving Averages (MA). NASDAQ:SBUX trades in the oversold region with a Relative Strength Index (RSI) of 16.99
NASDAQ:SBUX
by DEXWireNews
Starbucks Faces Stock Slump Amidst Global ChallengesStarbucks ( NASDAQ:SBUX ), the renowned coffee giant, is weathering the storm as its stock takes a steep tumble following a downward revision of its annual forecasts. With shares plunging nearly 14%, concerns loom large over the company's future trajectory. The primary culprits behind Starbucks' woes are twofold: a sluggish demand in the United States and a slower-than-anticipated recovery in the crucial Chinese market. Persistent weakness in the U.S. market, exacerbated by inflationary pressures and a shift towards at-home consumption, has affected the company's bottom line. The adverse impact of several rounds of price hikes has driven customers away from cafes and restaurants, opting instead for home-brewed alternatives. Adding to the company's woes are external factors such as severe weather conditions in the U.S. dampening sales and geopolitical tensions disrupting operations in the Middle East due to the Israel-Hamas conflict. These challenges have further compounded Starbucks' struggles to regain its footing in key markets. Analysts have expressed concerns about the prolonged nature of Starbucks' predicament, with Danilo Gargiulo of Bernstein highlighting the lack of clear signs of improvement amidst worsening macroeconomic and competitive dynamics, particularly in China. Starbucks' ( NASDAQ:SBUX ) revised forecasts paint a bleak picture, with full-year comparable sales expected to range from a low single-digit decline to flat, a far cry from its previous optimistic projections of 4% to 6% growth. Similarly, the company has downgraded its per-share profit growth forecast to between flat and low-single digits, a significant departure from its earlier estimates of 15% to 20% growth. CEO Laxman Narasimhan acknowledged the shifting consumer landscape, noting that customers are becoming more discerning in their spending habits, especially with stimulus savings largely exhausted. The repercussions of Starbucks' struggles extend to its stock valuation, with its forward price-to-earnings multiple (P/E) trailing behind industry peers such as McDonald's and Restaurant Brands. This disparity underscores investor concerns about the company's ability to navigate the current challenges and regain its growth momentum. Technical Outlook Starbucks' ( NASDAQ:SBUX ) stock closed Tuesday's market trading within the oversold region with a Relative Strength Index (RSI) of 14.96. Traders ought to be cautious of a trend reversal. The stocks' daily price chart indicates a long "Bearish Harami" candle stick pattern which accentuates the bearish nature of the stock .
NASDAQ:SBUXShort
by DEXWireNews
SBUX - D1\W1SBUX W1 - The 4th wave is forming, which can lead to a continuation of the downward movement, but it is also clear that the price, after fixing the level, has formed a reversal pattern on D1, which can lead to a strong correction. D1 - Formation of a three-wave structure, you can try to consider buying from the level of 94.00. Locally to levels 101.76. If the price can gain a foothold at the level of 94.95, we can expect the movement to continue. What can you expect? You can consider entering from the level of 94.00 (you can consider breaking through the level or fixing the price behind this level) with further movement to the target 101.76. Cancel the idea so as not to take increased risk from the level of 90.74 . There may also be a false breakout of this level and continuation of the upward movement - in this case, it will be necessary to wait for a clear formation to continue the downward movement. Targets 94.95 - 96.99 - 98.83 - 101.76
NASDAQ:SBUXLong
by Trade_Hive_Signals
STARBUCKS It isn't time for coffee yet..The Starbucks Corporation (SBUX) has been declining aggressively since early May 2023 as fundamentals failed to keep the mid-2022 rally going. Now there are heavy technicals for the stock to consider as last month (chart on the right) it closed the 1M candle below the 1M MA50 (blue trend-line) for the first time in 11 months. On the weekly (chart on the left), it is already below both the 1W MA200 (orange trend-line) and 1W MA50 (blue trend-line). The long term pattern since the March 2020 COVID crash is a Triangle and the current Support is its Higher Lows trend-line. The 1W RSI also has a Higher Lows trend-line to consider, so we will wait for a test and clear rebound on the former. On the 1M time-frame, it's the 1M MA100 (green trend-line) that was touched during the previous two Higher Lows and provided a strong rebound and bullish reversal as it rose and left a big candle wick behind, emphatically indicating the presence of long-term investors. Similarly the 1M RSI has a Support Zone to consider. We think it is possible for both the 1W and 1M RSI to touch its respective Support levels sideways as the price's drop decelerates near the Higher Lows. In conclusion our Buy Zone is within the Higher Lows trend-line and the 1M MA100. The target will be the Lower Highs trend-line at $105.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:SBUXShort
by TradingShot
1
SBUX Starbucks Corporation Options Ahead of EarningsIf you haven`t sold the Exposure to China news: or reentered the past earnings: Then analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week, I would consider purchasing the 100usd strike price in the money Calls with an expiration date of 2023-9-15, for a premium of approximately $4.50. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. I`m considering in the money calls and a longer expiration date because its options chain is just slightly bullish. Looking forward to read your opinion about it.
NASDAQ:SBUXLong
by TopgOptions
SBUX upcoming earnings opportunity LONGSBUX fell going into earnings in early May and continued down all of May then pivoting into a slow climb on this 2H chart through the lower anchored VWAP bands until the present where it is about to cross the mean VWAP lines as signaled by an engulfing green bar after a Doji. The dual time frame RSI lines have both near the 50 levels with the lower in green slightly above the higher in black. I see SBUX rising in the earning upcoming this week. The target is the ascending trendline in black at about 104 for a quick 2.5% ROI in 2 days. I will play this with some call options contracts striking 102 expiring August 11th. I will take half of them off with a 50% unrealized profit and let the remainder run until 8/9 to avoid acceleration of time decay.
NASDAQ:SBUXLong
by AwesomeAvani
SBUX to ~$118.74, try for a shortSBUX gave the perfect automatic re-entry after tagging the mid-point pivot and returning to our original entry. Following the rules and reloading would have already ensured you now have your full investment lots, risk free. With no downside other than a $0 gain potential it's a good chance SBUX goes for it's $118.74 target. Based on how it pivoted down straight from it's midpoint on the first touch take the bet and to try getting short at $118.74 with a tight stop. If it blows through the final d-target then there's more upside coming. But chances are we see a reversal from the d-target. Don't get greedy though and take profits early on that reversal to ensure lock in your risk.
NASDAQ:SBUXShort
by pinochleprince18
Starbucks at crucial support.Starbucks - 30d expiry - We look to Buy at 97.62 (stop at 94.94) The primary trend remains bullish. 97 continues to hold back the bears. Bespoke support is located at 97.50. 96.17 has been pivotal. Offers ample risk/reward to buy at the market. The daily chart technicals suggests further downside before the uptrend returns. Our profit targets will be 104.12 and 106.12 Resistance: 99.00 / 101.00 / 102.50 Support: 97.48 / 96.52 / 96.17 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NASDAQ:SBUXLong
by VantageMarkets