Starbucks is an exemplar
The java joint defies conventional wisdom every day.
But it might have been applicable to so many companies this quarter, so many that have reported and not skipped a beat or been much better than expected or shown incredible resilience in the face of all of the things that the media talk about, many of which are actually worth talking about.
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Starbucks, frankly, defies conventional wisdom every day and has been opening stores around the world at a pace that would normally lead to tremendous screw-ups. But the execution seems to be getting better and better.
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It's just very difficult to believe. And that's the issue with so much of the research that came out during the summer dive. You see research like the Starbucks downgrade was more global, more macro than micro, an extrapolation of what had to happen -- namely, the collapse of Greece, the crush of Italy, the lack of new jobs anywhere, the government near shutdown -- versus what did happen.
You needed a full-scale apocalypse to happen for some of these companies to be defeated, and it didn't.
So we find ourselves smack in the middle of some excellent reports coupled with analysts who are stunned that the companies can do so well, which is how stocks like Starbucks can continue to climb, even as it is already up more than 40% in the past year.
Defying analysts' expectations. It's never been this easy, thanks the horrendous macro environment and the insistence by fabulous executives like Howard Schultz to give in to the headwinds that are supposed to stop them in their tracks.
Yep, the downgrade was premature. And with the momentum that Starbucks has going into next year -- particularly the momentum in China, where the company is building a new cafe every four days -- I think an upgrade, not a downgrade, would be more fitting for this fabulous growth company.
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, had no positions in the stocks mentioned.
Jimmy, I graduated from the 8th grade in Pinal county AZ , and the sad fact is, I could have wrote that . I want something with some meat on it bones, so to speak. Sbux , coffee , your just doing the obvious , Remember Jimmy your one of the greatest pickers that ever strolled down wall street, your just hyding in some f-ing Comfort Inn, are you scared ..., O Jimmy, are you friend with that so called DR Najarian
he over rates himself , he must have graduated 8 grade also ,hasta nunca
it's time for msn and cnbc to FLUSH.....i watch anything but their egotistical staff led by
the pump and dump self aggrandizing shyster cramer
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The last time bond investors were this bullish, the 10-year yield saw an extraordinary rise.
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