SBUX was recommended by Blue Chip Growth at $52.41 in Dividend Digest issue 720, dated June 6, 2012.
“I want you to take profits today in Starbucks Corp. (SBUX $58 Nasdaq). My top priority is making sure that our Blue Chip Growth Buy List is populated by nothing less than the best stocks as we progress through first-quarter earnings season.
“With the major indices hitting new highs, we can expect the market to become more and more selective. And after going over the latest stock data this weekend, I noticed that buying pressure for SBUX dropped to the point where I no longer want us holding with downside risk increasing. We’ve seen a tidy 14% gain since we added this stock last May.”
- Louis Navellier, Blue Chip Growth, April 15, 2013