Starbucks

This report highlights key market-moving news. Palantir exceeded expectations, driven by AI demand, but saw a stock pullback despite strong results. Yum Brands considers selling Pizza Hut after sales decline. Kimberly-Clark plans to acquire Kenvue for $48.7B, sparking mixed market reactions. The Trump administration will partially fund SNAP benefits amidst a government shutdown. Starbucks partners with Boyu Capital in China to revitalize sales. Stellantis invests $13B in US operations.

U.S. equities rose, led by tech and boosted by economic optimism. The 10-year Treasury yield around 4% makes stocks attractive, prompting potential rotation from fixed income. Cramer’s Silicon Valley insights highlighted AI and market dynamics. Boeing (BA) surged on 737 MAX production increase approval, aiming for higher cash flow. Starbucks (SBUX) is predicted to rebound strongly, with Morgan Stanley raising its price target. Positive sentiment surrounds Starbucks’ turnaround and increased valuation of its Chinese ventures. Other stocks noted include SWKS, MRVL, DRI, CLF, and PLD.

Luckin Coffee has officially launched in the United States, opening its first two stores in New York City. This move marks a significant expansion for the Chinese coffee giant, which has overtaken Starbucks domestically. The strategic Manhattan locations are positioned to attract the Chinese student demographic. With over 24,000 global stores, Luckin’s U.S. entry escalates the international coffee competition.