Starbucks is scheduled to report earnings after the close on January 22. Shares are up 15% from the last quarter, and Stephanie Link, co-portfolio manager of Action Alerts PLUS, tells The Street’s Jill Malandrino Starbucks had a very upbeat analyst day in December and that is when the stock started to react. For this quarter, Link is looking for near-term trends, same-store sales and margins. Starbucks will have to do 5% in all three global markets and at least 7% in new store growth. Another area Link sees as key is pricing power in the face of a more choosey consumer. While Link and Jim Cramer have been trimming shares in the portfolio and taking gains, Link says longer-term this is one of those high-quality growth names you stick with.
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