Starbucks

  • SBUX

  • $98

  • +0.83%

  • $94

  • $98

  • $94

Ticker Appearances

Daily Technical Strategy
Fri, May 31, 2024 | 6:21PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Broader market responding positively to Treasury yield Drop

STOCKS SHOULD BE NEAR A TRADING BOTTOM FOLLOWING A DIFFICULT COUPLE WEEKS FOR THE US EQUITY MARKET.  WHILE TECHNOLOGY’S OUTPERFORMANCE HAS DISGUISED SOME OF THIS...

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Daily Technical Strategy
Fri, May 10, 2024 | 6:34PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

What does this Discretionary weakness say about the Consumer?

FOR THOSE WHO MISSED IT, YOU CAN VIEW MY CNBC APPEARANCE THIS MORNING (5/10) BY CLICKING HERE EQUITIES HAVE EXTENDED GAINS AND HAVE NOW COME...

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Daily Technical Strategy
Mon, April 1, 2024 | 8:35PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Materials sector raised to Overweight as commodity rally gains momentum

I CONTINUE TO SEE THE US STOCK MARKET AS BEING ATTRACTIVE, TECHNICALLY SPEAKING, AND DO NOT FEEL SUFFICIENT RISK IS THERE TO WARRANT A SELLOFF...

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Mon, March 4, 2024 | 2:01PM ET

⚡ FlashInsights

Mon, March 4, 2024 | 2:01PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
SBUX 0.83%  has key support near $91.40 from earlier this year. If/when Coffee prices exceed $1.75, i would expect SBUX to slide to the low $80s and the first real area of support lies near $81.70 which would be a viable downside target under $91.40. Thus, while company fundamentals are certainly important, it's also wise to heed technical trends and the price of coffee itself which is an important part to the equation for SBUX
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Mon, March 4, 2024 | 2:00PM ET

⚡ FlashInsights

Mon, March 4, 2024 | 2:00PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
For those scouring other soft commodities for those which might show evidence of being near "breakouts" it's worth highlighting Coffee which has been basing and would officially have resolved this consolidation pattern above $1.75, which would arguably carry Coffee prices up to above $2/lb. This could adversely affect stocks like SBUX 0.83%  (Starbucks) which has already been sliding in recent months
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