Jim Cramer: Buy Starbucks, Macy’s, and These 2 Stocks, Sell Millennial Media
Jim Cramer made the following calls on June 28th, 2013. What do you think about his picks?
Starbucks Corp. (NASDAQ:SBUX): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 27, 2013. The stock’s 52-week high is $61.15, and its 52-week low is $43.04.
While Starbucks is in a bit of trouble in the U.K. over not paying taxes, the price of green coffee beans are at an all time low, padding the margins for coffee makers. Moreover, Starbucks increased prices last week in an attempt to bolster margins further, and presumably to help shore up its struggling position in the U.K., where it lost 30 million pounds in the last year.