|Bid||58.270 x 400|
|Ask||58.280 x 1000|
|Day's Range||58.230 - 58.840|
|52 Week Range||50.840 - 64.870|
|PE Ratio (TTM)||28.88|
|Dividend & Yield||1.00 (1.72%)|
|1y Target Est||N/A|
Starbucks is expected to report earnings of $0.55/share on $5.74 billion in revenue. Meanwhile, the so-called Whisper number is $0.56.
If you don't like surprises, these stocks are for you.
To be clear, this is a trade that I am looking to put on once the earnings report has come to pass and an initial reaction by the stock has showed its colors, and only under the circumstances described in below. For perspective and transparency note that when I last mused about SBUX stock in this column on July 7, I said that a bullish reversal could soon bring about new joy for the bulls. On the multiyear chart, note that SBUX remains in a well-defined uptrend and currently sits on a confluence of support made up of the 50- and 100-week simple moving averages as well as the multiyear uptrend line (blue dotted arrow).