Here’s why Starbucks is up today

Starbucks Corporation (SBUX) has gained 1.72% while the S&P 500 is down -0.92% as of 10:44 AM on Tuesday, Jan 22. SBUX has gained $1.11 from the previous closing price of $64.70 on volume of 3,724,504 shares. Over the past year the S&P 500 is lower by -6.60% while Starbucks Corporation has gained 7.16%. SBUX earned $3.35 a share in the most-recent quarter, giving it a price-to-earnings ratio of 19.63.

Starbucks announced today that the company is seeking expansion of its coffee delivery service, which was initially tested in Miami with strong demand. In partnership with Uber Eats, Starbucks launched the service today in San Francisco, with plans of additional expansion to Boston, Chicago, Los Angeles, New York and Washington, D.C. in the near future.

Meanwhile, the major indices are falling. The Dow Jones Industrial Average is lower by -0.59% to 24,561.31. The S&P 500 is down -0.92% to 2,646.07. The NASDAQ is lower by -1.05% to 7,082.14

Stock Score Report, InvestorsObserver’s proprietary scoring system gives SBUX a score of 74 out of a possible 100. That score is based on three component scores. A fundamental score of 44, a long-term technical score of 86 and a short-term technical score of 93. Our proprietary system combines short and long-term technical factors, Wall Street’s opinion, and other fundamental factors into an overall score that measures a stock’s suitability for investment.

Symbols: SBUX

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