Starbucks stock falls after halting share buyback program, Hertz adding fleet of Polestar vehicles

Yahoo Finance Live looks at several of the day's trending stock tickers, including Tiger Woods' speculated sponsorship with Acushnet Holdings Corp's FootJoy shoes.

Video Transcript

RACHELLE AKUFFO: It's time for our triple play, when we take a look at the three tickers that caught our eye today, for better or worse. Now my pick is SBUX, which is, of course, Starbucks. Now Howard Schultz is shaking things up with his return as CEO of Starbucks this week. On Monday, the company said it will pause billions of dollars in stock buybacks. Now the stock was down more than 5% in early trading and pretty much stayed in that range. Still now down just about 4.4% there. Now, in a letter to employees, Schultz said our company, like many companies, is facing new realities in a changed world. Pinched supply chains, the [AUDIO OUT] and political unrest, a racial reckoning, and a rise [AUDIO OUT] accountability for business. Now [AUDIO OUT] for unionization at its stores. Workers at more than 170 locations have petitioned for union elections since August. BRAD SMITH: Yeah, this is a vastly different Starbucks, of course, that is re-assuming the ranks at and resuming the helm at over with the green siren, if you will, and that brand that they have become and continued to grow. In the time that it's been going, they've made significant international investments. Of course, they've also prioritized more of the digital infrastructure and mobile ordering. And so we'll see what more he continues to add to some of that momentum that they've already seen in those years since he removed himself from the C-suite and was still involved with the board in some capacity. But we've got to talk about another company here on the day, because this one is making social media waves, at least in the golf world. And I know that we're all fans this Masters week of golf-- everybody is for the green jacket. And the company that's moving is ticker symbol, GOLF. The company, Acushnet Holdings Corp, they, of course, are the parent company of Foot Joy. And why it matters? Tiger Woods was seen wearing a non-swoosh shoe at a different practice round that he was going through at the Masters in Augusta. While the world waits his formal decision, maybe he'll just show up for his tee time. And so at the end of the day, I think this is really catching the waves and catching the social sphere, if you will, around golf because you've got people looking at, OK, well, why is it not Nike that's on his foot right now? And Nike, they had to come out with a statement as well. And we've been tracking shares of both GOLD and NKE on the day. But as of right now, he could be seen winning even the Player Impact, of course, winnings that Lee Westwood had joked about and commented on over Twitter. Of course, that's the Player Impact Program that the PGA has set forth last year, which Phil Mickelson won previously. So we'll see if he plays, and we'll see if he wears the swoosh at Augusta. DAVE BRIGGS: He's going to play. There's no doubt he's going to get out there. Will he be able to finish? I don't know. Four straight rounds for a guy with those injuries, five back surgeries and nearly lost a leg, I doubt it. But he's going to be out there, and he's going to drive ratings through the roof. I can't figure out the shoes, Brad. I've been doing homework all day, and I can't figure it out. Two different days, he showed up in the Foot Joys. He's getting paid millions of dollars from Nike. There's something we don't know. What is it? BRAD SMITH: Well, the interesting thing is where and how some of the players get paid. You get paid usually based on the tournaments that you're wearing, playing in all of the apparel, the swoosh, in this case, for Tiger Woods. And so because he's just practicing out there, I guess technically, he can wear whatever he wants. DAVE BRIGGS: Sure he can. But he's Tiger, and Nike can't be happy about that. I've been trying to get a comment out of Nike Golf. Stay tuned. It's going to be a fun Masters week. My play is Hertz, HTZ. Hertz is in the news today because they announced news that they will purchase 65,000 electric vehicles from Polestar over the next five years. Hertz is planning to build the largest electric fleet in North America. As for Polestar, you may not be familiar with them. Sold just 29,000 cars last year. On a personal note, that's the only one I've ever driven-- had a great experience driving Polestar. As for the stock, well, it's popping today, up 10% on this news, $2.14 to $23.28. It is down about 6% year to date, but some good news on EVs for HTZ. Guys.