Starbucks (SBUX) NewsBite - SBUX Rises on Encouraging Inflation News

Starbucks (NasdaqNM: SBUX) opened at $15.47. So far today, the stock has hit a low of $15.37 and a high of $15.82. SBUX is now trading at $15.71, up $0.63 (4.18%). Over the last 52 weeks the stock has ranged from a low of $13.33 to a high of $28.19. SBUX shares are trading higher this morning after the Labor Department reported that consumer prices fell by 0.1 percent in August, the first monthly decline since October 2006. Analysts had been worrying that rising energy prices were cutting into consumer spending, but as oil prices retreat, those fears seem to be waning. Technical indicators for the stock are bullish and S&P gives SBUX a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on SBUX the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 12.50 range.

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Related terms: consumer, energy, inflation, oil, prices, S&P