Starbucks SBUX Spikes-Bill Ackman Adds Shares 10-10-18

Starbucks SBUX Spikes-Bill Ackman Adds Shares 10-10-18

Starbucks SBUX Spikes-Bill Ackman Adds Shares 10-10-18

Starbucks Jumps as Activist Investor Bill Ackman Builds Stake

Starbucks (SBUX) shares jumped to the highest level in more than five months Tuesday, pulling the stock into positive territory for the year, after activist investor Bill Ackman said he was building a stake in the coffee chain.

Ackman told Grant’s Interest Rate Observer Conference in New York that his hedge fund, Pershing Square Capital Management, now holds 15.2 million shares in the coffee chain, or $900 million.

That equates to roughly 1.4% position in the world’s biggest coffee chain, which he called “one of the greatest businesses in the world.”

SBUX Starbucks Corp 10-10-18

SBUX Starbucks Corp 10-10-18

Today's Trade of the Day | 10-10-18

ROKU Roku Inc. stock price declined to a level that offers solid risk reward (and probability). Game planning a new swing trade long using a $65 buy stop to trigger the new entry Profit target comes in at $74, with a stop loss on a close below $63.50.

ROKU Roku Inc 10-10-18

ROKU Roku Inc 10-10-18

Stocks to Trade | Wednesday Edition 10-10-18

Bullish Cash Flow Trades: PZZA, PAGS, NOV

Bearish Cash Flow Trades: aal, ip, lyb, stx, dhi, aa, sfix, ual, len, dal, hon, wdc, fast

New 20 Day Breakout: WMT, CVX, PCG, CBS, APA, MCD, PZZA

New 20 Day Breakdown: aal, ip, wb, stx, dwdp, dhi, aa, baba, sfix, ual, dal, luv, ea,

Double Normal Volume: AMRN, AAL, IP, MCHP

Become a Better Trader. Get Notified.

Tape Reading the SPY ETF

SPY ETF Chart 10-10-18

SPY ETF Chart 10-10-18


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About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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