economy
Starbucks stock is a bright spot in Wednesday's bleak market. Here's why
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- S&P 500 and Nasdaq were set for losses, pressured by rising oil prices and inflation.
- SpaceX's upcoming IPO is seen as a positive for Linde, which supplies gases to the space industry.
- Starbucks is exploring strategic options for its Japanese business, potentially valuing it at $2.5 billion.
- Oracle's earnings report will be closely watched for its AI backlog and capital expenditure guidance.
- The CNBC Investing Club has increased its cash position to 12.4% due to market uncertainties and upcoming IPOs.