Starbucks Corporation (NASDAQ:SBUX) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds.
Cramer highlighted that he likes the company’s new product, as he remarked: Next, we know that a cup of coffee at Starbucks might not be such a bargain, but oh, I like that new protein drink, by the way, more than some of the other guys
But this rotation has put the common stock on sale. It got dinged for more than two bucks today, $102. At one point, it traded at $100.
CEO Brian Niccol has been working hard on the turnaround, but you’ve rarely gotten a break in the stock. Hey, speaking of coffee, for those of you who are junior growth enthusiasts, how about this one? Dutch Bros dropped 5.6% today.