Analysts have lowered price targets based on upcoming earnings. The coffee giant will need to work Magic over the next year to regain investor confidence. The suspended guidance and deeply lower estimated profits may portend greater national and global economic headwinds.
$Starbucks (SBUX.US)$ $McDonald's (MCD.US)$ $Tesla (TSLA.US)$ $Dutch Bros (BROS.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $Boeing (BA.US)$ $Nike (NKE.US)$ $Apple (AAPL.US)$
$Starbucks (SBUX.US)$ $McDonald's (MCD.US)$ $Tesla (TSLA.US)$ $Dutch Bros (BROS.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $Boeing (BA.US)$ $Nike (NKE.US)$ $Apple (AAPL.US)$
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Fundamentals on Starbucks belies the price action today. The company indicated that profits in the most recent quarter have fallen precipitously. Sales are even more horendous abroad, especially stores in China. The CEO has a lot of work ahead of him. Technical indicators do demonstrate a strong bullish buy signal, which made calls quite profitable today and potentially into tomorrow, though this is likely fleeting. Time will tell if the price action will soon follow ...
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Fedex has had significant insider and institutional selling over the past week, especially on Friday 6/28. One insider sold off a whopping 25% of his position, which is a hefty transaction. There are currently many overbought signals on multiple indicators, including an RSI>81. These sales greatly resemble Nvidia insiders selling at the top.
$FedEx (FDX.US)$
$Apple (AAPL.US)$
$NVIDIA (NVDA.US)$
$SPDR S&P 500 ETF (SPY.US)$
$Invesco QQQ Trust (QQQ.US)$
$FedEx (FDX.US)$
$Apple (AAPL.US)$
$NVIDIA (NVDA.US)$
$SPDR S&P 500 ETF (SPY.US)$
$Invesco QQQ Trust (QQQ.US)$