Jim Cramer Discusses Starbucks (SBUX) and Lower Coffee Prices

We recently published 16 Latest Stocks on Jim Cramer’s Radar. Starbucks Corporation (NASDAQ:SBUX) is one of the stocks Jim Cramer's radar.

With coffee giant Starbucks Corporation (NASDAQ:SBUX) undertaking a tough turnaround, Cramer has continued to stress that viewers have faith in the firm. His recent comments about the company have warned that the turnaround can be a slow process. In this appearance, the CNBC TV host discussed Starbucks Corporation (NASDAQ:SBUX)’s board member Jørgen Vig Knudstorp buying 11,700 shares for $85/share on November 10th. He also mentioned the limited impact of a barista strike on the firm and coffee prices in the aftermath of President Trump’s decision to reduce tariffs on key items to target inflation:

“Starbucks, insider buyer of a million dollars. And apparently not hurt by the barista strike. That’s another one that, where coffee is not a huge percentage that people might think, but people buy Starbucks if they see coffee come down. And I think that Starbucks is, I’m going to now say, is getting ahead of the schedule of the turn.

“There are others that I think are very interesting. I think Starbucks is interesting. I think the turn there is real.”

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Disclosure: None. This article is originally published at Insider Monkey.