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In a welcome move, Starbucks (SBUX) stock saw its Relative Strength Rating improve from 70 to 74 on Monday.
This exclusive rating from Investor’s Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Starbucks stock can continue to rebound and hit that benchmark.
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Starbucks stock is trying to complete a cup with handle with a 99.51 buy point. See if the retail stock can clear the breakout price in volume at least 40% above average.
Although earnings and sales growth came in at -7% and -1%, respectively, in the latest report, that showed improvement for both earnings-per-share and sales. Starbucks is expected to release its next quarterly numbers on or around Oct. 31.
Starbucks stock holds the No. 19 rank among its peers in the Retail-Restaurants industry group. CAVA Group (CAVA), Texas Roadhouse (TXRH) and Shake Shack Cl A (SHAK) are among the top 5 highly rated stocks within the group. For more industry news, check out “Retail Industry News And Stocks To Watch,”
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Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the stocks they discuss. The information and content are subject to change without notice.
*Real-time prices by Nasdaq Last Sale. Realtime quote and/or trade prices are not sourced from all markets.
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