SBUX will start an upward test of $ 58-$ 62 in next week or so
SBUX has demonstrated enormously potential in current and future earnings and after the electrion is over looking for $ 58 to $ 62------just look at Friday's action---market down 137 and SBUX up 9%----IMO we can easily see another 9 to 11% gain based on earnings
Forget the naysayers------look at the volume and price charts you would be crazy to short SBUX at this time
I think it will have a hard time seeing those numbers. The election this coming week. If the market doesn't like who got in then SBUX will fall. I agree though solid company and 60+ by end of year possible though. If we fall back into 40's I'll buy more calls. Love trading SBUX.