Bottom line: I recommend investors take the profits and run from SBUX. I cannot predict exactly when the stock will drop, but I am confident that it will.
I also recommend selling the following ETFs and mutual funds that allocate significantly to SBUX.
1.Fidelity Select Portfolios: Leisure Portfolio [s: FDLSX] – 18% allocation
2.Trust for Professional Managers: Smead Value Fund [s: SMLVX] and [s: SMVMX] – 8% allocation
3.FundVantage Trust: Polen Growth Fund [s: POLRX] and [s: POLIX] – 7% allocation
4.PowerShares Dynamic Leisure & Entertainment Portfolio [s: PEJ] – 5% allocation
5.Advisors Series Trust: Chase Growth Fund [s: CHASX] and [s: CHAIX] – 5% allocation