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STARBUCKS CORP

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SBUX trade ideas

$SBUX Starbucks meets expectations. Starbucks meet earnings estimates of 70 cents per share in its fiscal Q4 earnings report, up 13% year over year. Sales of $6.75 billion outpaced the $6.67 billion analysts were seeking, up more than 6% from the year-ago quarter. Shares are up 3% in the post-market on the news, and keeps its record of not missing earnings estimates since Q3 2015. Global comps rose 6%, up 5% in China. Shares aren’t cheap, but the market likes the results. Source Zackz.com Technically the stock is in the process of staging a reversal after a sizeable selloff, as the market rotation turned investors back towards tech. P/E ratio 29. Average analysts price target $96 | Overweight rating.
NASDAQ:SBUX
by RedHotStocks
Starbucks SBUX Pulling back then continue upwardNot financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Starbucks looks to be trading at a discount and I believe it's ready for a slight pull back here after the daily open spiking up a bit. I assume a pullback to about $85 is likely over the next day or two then a trend continuation is upon us. You could open a small short position here if you want to hedge any existing holding you may have. I'd be targeting anywhere between $88 and $90 for this move. Trade safely friends. <3 -CE-
NASDAQ:SBUXLong
by bitdoctor
Starbucks: The selling isn't over.Starbucks is being under heavy selling pressure since the start of September having fallen over -12% since its All Time High. This is not alarming for long term investors as the rise since July 2018 has been extremely aggressive (that aggressive that the Monthly chart is still bullish with RSI = 67.474, MACD = 8.570, Highs/Lows = 8.7721), but the selling isn't over yet. According to its long term set up since 2012, the price always touches the MA50 on the 1W chart (illustrated with blue) after a market peak. Currently that is at 77.50, within the 81.65 - 73.65 range made after the % decline of the last 2 ATH falls. We expect that to be the Demand Zone for the stock and is where we are turning into long term buyers again towards a target value above 100. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:SBUX
by InvestingScope