Starbucks (SBUX) A Story Of Recovery, Not Only Strength

Starbucks (SBUX) earnings are to be released May 2nd. Alex Coffey and Jenny Horne discuss SBUX and preview its earnings as its adjusted EPS is estimated at $0.64 and its revenue is estimated at $8.39B. They talk about how SBUX is up over 65% from its 52-week low and up 48% year-over-year. They note the power that social media has on SBUX, highlighting TikTok. They go over how SUBX's outlook is decently strong and how this stock is a story of recovery not solely one of strength. Alex the demonstrates an example trade using SBUX. The trade type is a buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.

Next Gen Investing

28 Apr 2023

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