We're buying shares of Starbucks , at roughly $95 each. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 700 shares of SBUX, increasing its weighting to 2.46% from 2.18%. The market continues to be oversold, as indicated by the S & P Short Range Oscillator , and shares of Starbucks have dropped roughly 6% since the coffee giant fiscal third-quarter results at the beginning of the month.
mountain Starbucks YTD performance International results, meanwhile, were solid — and China, a key growth opportunity for the company rebounded in fiscal Q3. Same-store sales in China were up 46%, with revenue on a currency-neutral basis advancing 60% year over year. As noted in our recent screen of our Club holdings' businesses in China, Starbucks' current exposure to the world's second-largest economy is small.