Starbucks (SBUX) earnings are to be released May 2nd. Alex Coffey and Jenny Horne discuss SBUX and preview its earnings as its adjusted EPS is estimated at $0.64 and its revenue is estimated at $8.39B. They talk about how SBUX is up over 65% from its 52-week low and up 48% year-over-year. They note the power that social media has on SBUX, highlighting TikTok. They go over how SUBX's outlook is decently strong and how this stock is a story of recovery not solely one of strength. Alex the demonstrates an example trade using SBUX. The trade type is a buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.
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