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Stephanie Link: Starbucks Is a High-Quality Growth Name You Stick With

Starbucks is scheduled to report earnings after the close on January 22.

Starbucks is scheduled to report earnings after the close on January 22. Shares are up 15% from the last quarter, and Stephanie Link, co-portfolio manager of Action Alerts PLUS, tells The Street's Jill Malandrino Starbucks had a very upbeat analyst day in December and that is when the stock started to react. For this quarter, Link is looking for near-term trends, same-store sales and margins. Starbucks will have to do 5% in all three global markets and at least 7% in new store growth. Another area Link sees as key is pricing power in the face of a more choosey consumer. While Link and Jim Cramer have been trimming shares in the portfolio and taking gains, Link says longer-term this is one of those high-quality growth names you stick with.

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