I see SBUX and MCD (specially SBUX) are acting strong in today market. SBUX has been down recently but in the last couple of days has changed its direction and recovering. It is mainly because many analysts reiterated it to buy recently. It can be a very good stock for swing trade. Check it but do your own research.
Agreed, SBUX is a very decent buy now: stock price is relatively low + the company's prospects seem to be great, so why not?
And coffee cheap in futures markets, March was Quad bottom. SBUX shows recent triple lows on weekly. I like MCD too as Quad bottoms on weekly, Live Cattle much cheaper than couple years ago.
SBUX performance is disappointing today but considering Starbucks outlook, I am not discouraged specially considering the fact that I have a little bit longer term on this trade.
Market is down over 1.25% today. SBUX might close green today. Look at what happened to YUM after earning and what is happening now. After earning was a buy opportunity.