Ramish Cheema
3 min read
In This Article:
Starbucks Corporation (NASDAQ:SBUX) is one of the Jim Cramer Warns Viewers About FOMO & Discusses These 19 Stocks.
Starbucks Corporation (NASDAQ:SBUX) is a frequent feature of Cramer’s morning show. In most of his appearances, the CNBC host spends quite a lot of time defending CEO Brian Niccol from bearish market sentiment. Recently, he praised Niccol’s strategies of cutting prices in China and purportedly selling some of Starbucks Corporation (NASDAQ:SBUX)’s China operations. This time around, he delved a bit deeper into the latter front:
“What Starbucks? Meeting with Brian Niccols, one of the firms met with him and I think that there are a lot of people who doubt Brian. I think why don’t I send those people an invitation to their own funeral? Barclays, 98 goes to 108, fundamental metrics.
A barista pouring a freshly brewed cup of coffee from a high-end espresso machine.
Cramer’s previous remarks about Starbucks Corporation (NASDAQ:SBUX)’s CEO were quite detailed:
“I see the name Starbucks Corp (NASDAQ:SBUX) stock down five and change and I’m boiling. I got—I’m steamed. Not the company or the CEO Brian Niccol or even the coffee. No, I was steamed because of the stupid sellers who are furiously dumping the stock as fast as they could. Sell, sell. There’s Brian Niccol. How dare they. The market opened up hideously off an awful gross domestic product number this morning—showed the economy actually shrinking. Oh my god. 3% in the first quarter. So Starbucks Corp (NASDAQ:SBUX) was just part of the red ink that drenched us.
