Take profits on Starbucks after its huge run, and check out these 3 other stocks

In Friday's "Morning Meeting," we dug into our inbox and found an excellent question raised by a member of the Investing Club. Starbucks – like Halliburton – has had a nice run lately. The Club trimmed some Halliburton on Thursday . Why not trim Starbucks too? I have a double-digit percent gain on shares accumulated over the past five months. It seems like I should take some off the table.

mountain Starbucks 1-year performance There is a lot to be bullish about in Starbucks' future, but a lot of that good news is starting to get priced in. Shares are now trading at around 31 times its next twelve-month earnings. That's a four-multiple turn from when we first started buying in August at around $85 per share. The higher multiple is justified by the improving margin outlook and China growth plan, but it also raises the stakes around execution.

Take profits on everything

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Starbucks tells corporate employees to return to office 3 days a week | CNN BusinessCorporate workers at Starbucks must return to the office at least three days a week by the end of January, interim CEO Howard Schultz announced in a Wednesday memo, as another corporate giant clamps down on remote work. Corporate America trying to justify their leases Wonder if jeb still goes to Starbucks. He had that aha moment there. You know, when the “planes” hit. No cia connection there
Source: CNN - 🏆 4. / 95 Read more »

STOCK MARKET UPDATES: FAA chaos, Mega Millions jackpot climbs, IRS issues refunds after errorStocks inch higher ahead of key consumer inflation data, FAA glitch rocks air travel, copper climbs to fresh high. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »