On Friday we detailed a bearish near term set up in shares of Starbucks (SBUX – Bean Counting) for the following reasons: its year to date relative under-performance to broad market and peers. technical set …
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On November 3rd, Starbucks (SBUX) issued fQ4 results that were better than expected, despite U.S. same-store sales missing expectations for the fourth consecutive quarter (4% vs 4.8%), with CEO Howard Schultz citing a “high degree of …
Continue readingI’m literally dumbfounded by Apple’s (AAPL) 12% gains from Monday’s lows on seemingly no new news. Sentiment around their new products was low, and now they are high. I thought the stock was a sale …
Continue readingEvent: Starbucks reports fiscal Q3 results tonight after the close. The options market is implying about a 4% one day move tomorrow, which is rich to the 4 qtr average of only 1.5%, and the …
Continue readingMy CNBC’s Options Action co-panelist and technician at Cornerstone Macro Research Carter Worth has had a bearish slant towards U.S. stocks for some time now, like myself. Yesterday, he succinctly laid out why yesterday’s new all …
Continue readingIn case you missed it, the S&P 500 (SPX) closed at a new all time high, a fairly tremendous feat (in my opinion) after 6 failed attempts since making a new high in May of …
Continue readingShares of Starbucks (SBUX) have under-performed in 2016, down about 7.5%, and down about 13% from their 52 week (and all time highs) made in October of 2015. The stock is merely taking a breather …
Continue readingOn Friday as I was perusing some stock charts and it struck me how many similarities there are between Nike (NKE) and Starbucks (SBUX). And not just the look and performance: $NKE & $SBUX are …
Continue readingA year ago this week I checked in on a group of four stocks that I dubbed at the time the U.S. Consumer Teflong™ Portfolio. The four companies make products that peeps in my little …
Continue readingQ1 earnings season is off to a sort of meh start. Last week, bank stocks rallied off of very low expectations, poor relative performance and results that were good enough to cause a bit of …
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