|Day Low/High||90.23 / 91.61|
|52 Wk Low/High||50.21 / 91.54|
Shares of the coffee giant are rising on an earnings beat, but they need to finish the day higher to help propel the stock upward.
Shares get a nice jolt after its latest results.
While you're digesting that Starbucks earnings report, here's how the coffee giant came to be.
Global stocks drifted higher again Friday, even as investors continue to worry about a lack of progress in U.S. China trade talks and digest further evidence of weakening economic growth, as corporate earnings continue to impress and central banks signal deepening support amid the slowdown.
U.S. stock futures rise Friday even as investors continue to worry about a lack of progress in U.S.-China trade talks; Intel slumps after the chipmaker issues weak first-quarter guidance; Starbucks beats estimates on the top and bottom lines; Facebook's Mark Zuckerberg defends the social media giant's data practices.
The Chinese are coming to this table and while we might be miles away from an agreement, that is just one more concern for what could turn out to be a teetering Chinese economy.
The king of coffee failed to alleviate my concerns with its quarterly earnings report on Thursday.
Starbucks' U.S. sales were strong, and look strong going forward.
Here are all the risks investors should watch heading into Starbucks' earnings report Thursday.
Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 30, 2018.
Stocks ended mixed as global investors remain in defensive positions amid ongoing concerns over the strength of the world economy and the fate of U.S.-China trade talks.
Replacing fear with pragmatism, that is our goal.
U.S. equity futures edged higher Thursday, helped in part by stronger-than-expected semiconductor earnings, even as global investors remained defensive positions amid ongoing concerns over the strength of the world economy, the fate of U.S.-China trade talks and the potential for a change in tack from key central banks.
U.S. stock futures rise modestly as investors retreat largely to defensive positions amid ongoing concerns over the strength of the world economy; Ford swings to a loss because of overseas weakness; Intel, Starbucks and Western Digital report earnings Thursday; Microsoft's Bing search engine is blocked in China.
These themes are working despite the turmoil in Washington and slowing global growth.
Global stocks stalled Thursday, with investors largely retreating to defensive positions amid ongoing concerns over the strength of the world economy, the fate of U.S.-China trade talks and the potential for a change in tack from key central banks.
Revenue is expected to rise 6.8% at the coffee shop operator.
U.S. stock futures fall amid warnings on global economic growth; Johnson & Johnson, IBM and Travelers report earnings Tuesday; Swiss bank UBS posts weaker-than-expected fourth-quarter earnings; Starbucks expands its delivery service.
Global stocks retreated for a second consecutive session Tuesday, pulling U.S equity futures firmly into the red, as investors reacted to twin warnings on global economic growth and the ongoing uncertainty surrounding Britain's looming exit from the European Union.
Starbucks said Tuesday that it will expand its delivery partnership with Uber Eats to six U.S. cities as it seeks to kick-start domestic sales amid concerns over the pace of growth in China, where the world's biggest coffee chain is targeting a significant expansion.
Today, Starbucks Coffee Company (NASDAQ: SBUX) announced the expansion of its successful Starbucks Delivers pilot to an additional six cities across the United States.
U.S. corporate earnings have largely topped analysts' estimates over the first two weeks of the reporting season, according to data from Refinitiv, but slowing revenue growth suggests the fading impact of tax cuts, and the uncertainty surrounding trade talks with China, will clip the collective bottom line of U.S companies over the first half of this year.
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Today, Starbucks (NASDAQ: SBUX) celebrates the journey of coffee from seed-to-cup by opening its largest destination in Southeast Asia - the Starbucks Dewata Coffee Sanctuary.
The Dow falls Friday, putting in jeopardy the blue-chip index's five-day winning streak.
Starbucks shares decline Friday after Goldman Sachs cut its rating on the stock to 'neutral,' citing concerns over the pace of growth in China, where the world's biggest coffee chain is targeting a significant expansion.
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