Seattle, Washington-based Starbucks Corporation (SBUX) is the world’s largest specialty coffee roaster and retailer. With a global footprint of tens of thousands of stores across more than 87 countries, it currently holds a market cap of $96.2 billion. Founded in 1971, Starbucks operates primarily through company-operated and licensed retail stores offering premium coffee, espresso beverages, teas, food items, packaged goods, and merchandise under brands such as Starbucks Coffee, Teavana, Seattle’s Best Co ...

Starbucks Corporation (NASDAQ:SBUX) is one of the stocks Jim Cramer recently put under a microscope. Cramer called it an “early-stage turnaround story,” as he commented: “Alright, next, maybe the most controversial stock in the 500, it’s called Starbucks. This is an early-stage turnaround story under the leadership of the fantastic Brian Niccol. But many investors may have gotten impatient because they don’t recognize that these turnarounds usually take a long time… Starbucks has basically been range-boun ...

Core Viewpoint - The article discusses the potential for profit through bear call spread trades in a market that may be due for a pause, specifically highlighting two candidates for such trades. Group 1: Bear Call Spread Overview - A bear call spread is a vertical spread involving the sale of one call option and the purchase of another call option within the same expiry month, generating a credit for the trader while providing protection against adverse moves [2][3] - This strategy is most effective when the stock declines, but it can also yield profits if the stock remains flat or rises slightly [3] Group 2: Candidate Analysis - Starbucks (SBUX) - Starbucks is currently trading below its 21, 50, and 200-day moving averages, with a Barchart Technical Opinion rating of 100% Sell, indicating a strong short-term outlook for maintaining the current downward trend [4] - Long-term indicators support a continuation of this trend, with potential resistance areas identified around the price level of 90 [4] - Starbucks operates as a global roaster and retailer of specialty coffee, offering a range of products including food items and premium teas, primarily through its retail stores [5] - The company also generates revenue through licensed stores, consumer packaged goods, and foodservice operations, receiving royalties and license fees from both U.S. and international licensed stores [6]