Buy $SBUX, don't just drink it. Own what you consoooom!
Key Stats:
P/E Ratio: 30.7
Dividend Yield: 2.26% (enough to cover a tall latte)
Free Cash Flow (FCF): 3.3B TTM
Next Earnings Date: Feb 4, 2025
Market Cap: 117B
Top 3 Technical Reasons:
1️⃣ Golden Cross Incoming: The 50-day SMA is closing in on the 200-day SMA, a classic "buy me" signal for trend chasers.
2️⃣ Support Strength: Holding the $93.50-$95 range like it's the Fort Knox of caffeine stocks. Multiple bounces indicate strong buyer interest.
3️⃣ RSI Divergence: RSI showing signs of upward momentum without overbought exhaustion.
Top 3 Fundamental Reasons:
1️⃣ China Recovery: With over 6,000 stores in China and a growing middle class, Starbucks is poised to benefit from increased discretionary spending.
2️⃣ Resilient Same-Store Sales: U.S. comps up 7% last quarter.
3️⃣ Dividend Growth Machine: 12% annual dividend increase for 13 straight years. Your caffeine addiction pays you back.
Potential Paths to Profit:
Option 1 (Lowest Risk): Buy and hold shares. Picking some up myself here.
Option 2 (Options Play): Jan 2025 $115 calls, currently priced at ~$5.50. Perfect for a bullish outlook with less upfront capital.
Option 3 (Spread Strategy): Sell the Jan 2025 $130 call and buy the $120 call to reduce costs.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
P/E Ratio: 30.7
Dividend Yield: 2.26% (enough to cover a tall latte)
Free Cash Flow (FCF): 3.3B TTM
Next Earnings Date: Feb 4, 2025
Market Cap: 117B
Top 3 Technical Reasons:
1️⃣ Golden Cross Incoming: The 50-day SMA is closing in on the 200-day SMA, a classic "buy me" signal for trend chasers.
2️⃣ Support Strength: Holding the $93.50-$95 range like it's the Fort Knox of caffeine stocks. Multiple bounces indicate strong buyer interest.
3️⃣ RSI Divergence: RSI showing signs of upward momentum without overbought exhaustion.
Top 3 Fundamental Reasons:
1️⃣ China Recovery: With over 6,000 stores in China and a growing middle class, Starbucks is poised to benefit from increased discretionary spending.
2️⃣ Resilient Same-Store Sales: U.S. comps up 7% last quarter.
3️⃣ Dividend Growth Machine: 12% annual dividend increase for 13 straight years. Your caffeine addiction pays you back.
Potential Paths to Profit:
Option 1 (Lowest Risk): Buy and hold shares. Picking some up myself here.
Option 2 (Options Play): Jan 2025 $115 calls, currently priced at ~$5.50. Perfect for a bullish outlook with less upfront capital.
Option 3 (Spread Strategy): Sell the Jan 2025 $130 call and buy the $120 call to reduce costs.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.