Diamonds and Dogs

1/29/25

Starbucks (SBUX) jumps 8% even though earnings were not spectacular. With new leadership and management, Wall Street is optimistic about the company's future and turnaround with a shift in marketing, promotional spending and in store prioritization. The company may also shrink their menu and reevaluate expansion plans to boost margins. Citigroup, Deutsche Bank and Goldman upgraded stock with $100, $111 and $125 price targets.

Defense stocks come under pressure following earnings from General Dynamic (GD). The defense contractor and private jet maker reported better than expected results, but the stock fell 4% on light guidance in particular, with Gulfstream jets.