Jim Cramer on Starbucks: "It Can't Keep Climbing Unless the Numbers Are Insanely Strong"

Starbucks Corporation (NASDAQ:SBUX) is one of the stocks in focus as Jim Cramer shared his weekly game plan. Cramer believes that the stock is “wildly overbought,” as he said:

CNBC Investing Club members, look out. You’re going to be flooded with emails Wednesday because Charitable Trust holdings, Danaher, Starbucks, GE Vernova, Microsoft, Meta, and Corning all report. Let me give you a preview… Starbucks is an oddity. It reports on Wednesday and then has an analyst investor day, what’s called an investor day Thursday. Now, I don’t really know how this is going to work.

How do you report on one day, and then the next day, have a big confab about your company? The stock’s wildly overbought here, which means it can’t keep climbing unless the numbers are insanely strong. I do like it for the long haul, not going anywhere. But I doubt Starbucks can tell a story that’s good enough to justify this recent ramp because it’s so overbought.

Starbucks Corporation (NASDAQ:SBUX) sells coffee, tea, and other beverages, as well as food products, through its stores and licensed outlets. The company’s brands include Starbucks Coffee, Teavana, Seattle’s Best Coffee, Ethos, and Starbucks Reserve.

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