Q2 STOCKS TO BUY

2 Coffee Stocks Catching Wall Street's Attention

Coffee stocks Coffee Holding Co., Inc. (NASDAQ:JVA) and Starbucks Corporation (NASDAQ:SBUX) are in the limelight today

Jun 3, 2016 at 1:36 PM
facebook X logo linkedin


Coffee stocks are grabbing headlines today. In particular, Coffee Holding Co., Inc. (NASDAQ:JVA) is exploding higher on an upbeat earnings report, and Starbucks Corporation (NASDAQ:SBUX) is fresh off inking a tea deal with Anheuser Busch Inbev SA (ADR) (NYSE:BUD). Below, we'll take a closer look at the news surrounding JVA and SBUX, and its impact on the charts.

As alluded to, JVA is trekking higher on a well-received earnings report. "We are again pleased to report positive results to our shareholders as we have now successfully achieved four consecutive profitable quarters," said CEO Andrew Gordon.

At last check, Coffee Holding Co., Inc. has surged to a 36% lead at $5.14. What's more, the coffee stock hit an annual high of $6.15 earlier.

Shifting to its more high-profile sector peer, SBUX has entered into a partnership with BUD for the distribution of bottled Teavana teas. The news has shares of the java giant 0.3% higher at $54.77. Longer-term, however, the stock has struggled under the weight of its 20-day moving average, and is sitting on a year-to-date loss of 8.8%.

Yet, options traders have high hopes for SBUX. The coffee stock's 10-day call/put volume ratio across the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) is 3.16 -- in the 94th annual percentile.

Analysts are in Starbucks Corporation's bullish corner, as well. Of the 19 brokerage firms tracking the shares, 14 consider them worthy of a "buy" or better rating, with not a single "sell" opinion to be found.

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical levels, and top economic stories straight to your inbox.

 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here