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Starbucks

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
SBUX August bear vertical: sell 72.5 and buy the 85 callThis trade is 43 deltas negative and can be done for a credit of 9.01. Best case profit of 901 is achieved below the stake of the sold call of 72.5 and the worst case loss is a loss of 349 per contract above the strike of the bought call, 85. There is technical support at 75 -- this is why the written call strike is below 75. SBUX has a whopping high PE of 30; during the trade war debacle this is outrageous. Lots of growth in SBUX has come from store growth in China. In Q1 it opened 3,700 stores, and can now be found in 10 new cities — totaling 158 Chinese cities. As more money is being poured into Chinese expansion, however, competition is growing. Luckin’ is expanding throughout China; coffees at Luckin’ cost 30 percent less than those from the American competition. Also, if there is a macroeconomic downturn, people will cut their expenses on luxury goods, like $8 cups of coffee. This is a fundamental issue SBUX will have to face. August expiry follows SBUX's earnings report which will begin to indicate the suffering from the consequences of the trade war.
NASDAQ:SBUXShort
by LaurenTrading
6
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NASDAQ:SBUX
by RandallGurule
Presidential CoffeeHoward Schultz, the billionaire founder of Starbucks has been in the news lately, as he flirts with the idea of running for President in 2020. With that being said, the Megalodon is giving us buy signal on the technical side! The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! Send me a message if you would like to try it for yourself!
NASDAQ:SBUX
by RandallGurule
SBUX could break outGrowth in China SBUX same store sale are expected to increase over the next few years as China's middle class doubles, but are currently flat to slightly negative. In spite of same-store sales in China falling, SBUX revenue is up 20% in China due to the opening of new stores at a rate of one shop every 15 hours in China. China has recently partnered with Alibaba to gain marketshare in the online delivery of coffee, but there remains some competition with the first Chinese coffee unicorn partnering with Tencent for delivery services and customer analytics. Overall Growth On average, same-store sales are only increasing at a pitiful 3%, but is expected to remain positive for the foreseeable future. Current Valuation Relative to the market, SBUX is undervalued. A PE of 24 or so would be more ideal, which would is 33% higher than it's current PE of 18. Assuming current expectations and earnings growth remains above 10%, that would add another 10% on a PE of 24 next year, putting my PT at about $88, and near around $100 by the Jan 2020 options expiration. Given 9/33 analysts have a rating of HOLD, 14/33 analysts have a rating of BUY, and 10/33 analysts have a rating of STRONG BUY, with 0/33 analysts have a rating of SELL, I think SBUX will grow into its industries average PE or a bit higher at around 24. SBUX is on the verge of breaking above it's bear trend into a bullish one. 2020 Jan 17, Strike $75 calls could have an upside of 2,000% ($1 to $20+) if the break above it's bear trend occurs in the next month or so and it's quarter to quarter upward trend is sustained into the long-term.
NASDAQ:SBUX
by RyanDreBach