Jim Cramer Calls Starbucks A 'Stimulus Play': Golden Cross Signals Bullish Run Ahead
Portfolio Pulse from Surbhi Jain
Jim Cramer highlights Starbucks as a 'stimulus play' amid China's economic efforts, with a Golden Cross indicating a potential bullish run. Despite challenges in China, technical indicators suggest Starbucks stock is poised for growth.
September 30, 2024 | 1:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Apple is mentioned as a 'stimulus play' by Jim Cramer alongside Starbucks and Alibaba, benefiting from China's economic efforts.
Apple is mentioned as part of a group of companies likely to benefit from China's economic stimulus, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Alibaba is identified as a 'stimulus play' by Jim Cramer, expected to benefit from China's renewed economic efforts.
Alibaba is mentioned as a company likely to benefit from China's economic stimulus, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Starbucks is identified as a 'stimulus play' by Jim Cramer, with a Golden Cross indicating potential bullish momentum. Despite a 14% drop in same-store sales in China, technical indicators suggest a strong push forward.
Jim Cramer's endorsement as a 'stimulus play' and the Golden Cross formation are strong bullish indicators. Despite a decline in sales in China, the technicals suggest upward momentum, making it a potentially attractive investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100