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A world of Trading assets

Put away the pumpkin spice as Starbucks gears up for the festive season

Authored by ZanderVanDerMerwe
25.11.2021
Market Overview
0
2 min

Yesterday’s mover: 

  • Guardant Health Inc (GH) was up 15.46%
  • Vipshop Holdings (VIPS) was up 6.84%
  • XPeng Inc (XPEV) was up 5.98%
  • Tilray Inc (TLRY) was up 3.81%

Earnings Due:

Pinduoduo PDD Pre-Market (26th December)

Stocks to watch:

Starbucks Corporation (SBUX)

Starbucks is set to be one of the biggest beneficiaries of price inflation as its strong pricing power is set to benefit the company in the long run. Its consumer reward programme offers the unique benefit to ringfence their consumers and keep away competitors. Following disappointing third-quarter earnings results, the share price has been stable around the $110 level.

From a technical point of view, the price has been holding firm in and around the 200-day moving average without breaking down further, with yesterday’s close above the 50-day moving average there may be a possibility of a significant move higher as we head into the festive season.

Authored by ZanderVanDerMerwe
25.11.2021
Market Overview
0
2 min
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