What's Going On With Starbucks Shares On Tuesday? Coffee Retailer Is Under Scrutiny Ahead Of Earnings
Portfolio Pulse from Shivani Kumaresan
Starbucks (SBUX) shares experienced volatility on Tuesday due to technical issues with its mobile ordering system, affecting users in multiple cities. The company is under scrutiny ahead of its fiscal third-quarter earnings report, especially after a recent activist investor stake. Starbucks has faced similar issues earlier this month and has been offering more discounts to boost demand. The stock has lost about 26% in the last 12 months.
July 30, 2024 | 5:59 pm
News sentiment analysis
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NEGATIVE IMPACT
Starbucks shares faced volatility due to technical issues with its mobile ordering system, affecting users in multiple cities. The company is under scrutiny ahead of its fiscal third-quarter earnings report, especially after a recent activist investor stake.
The technical issues with the mobile ordering system could negatively impact customer satisfaction and sales, especially with the upcoming earnings report. The stock's recent performance and increased scrutiny add to the negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Crowdstrike Holdings Inc (CRWD) was mentioned in relation to a previous IT outage that disrupted Starbucks' mobile orders earlier this month.
While CRWD was mentioned, the current news does not directly impact its stock price. The relevance is low as the focus is on Starbucks' current issues.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Investors can gain exposure to Starbucks through the Vanguard Total Stock Market Index Fund ETF (VTI).
VTI provides exposure to Starbucks, but the direct impact on the ETF is minimal given its diversified holdings.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
Investors can gain exposure to Starbucks through the Consumer Discretionary Select Sector SPDR Fund (XLY).
XLY provides exposure to Starbucks, but the direct impact on the ETF is minimal given its diversified holdings.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30