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Feb 15, 2021

How Starbucks is Joining the Blockchain Revolution

Howard Schultz, the executive chairman of global coffee giant Starbucks, appears bullish on blockchain. A recent investor call and interview with Fox Business’ Maria Bartiromo revealed that the company is likely to embrace the technology as a foundational piece for a future payment app.

The company has long been at the forefront of digital payment solutions – according to Schultz, their emphasis on developing cashless payment methods is inherent to Starbucks’ “entrepreneurial DNA.” Schultz elaborated, “…[we’ve] constantly [had] the curiosity to see around corners and make big bets. And I think there’s probably no better example of that than over the last five, six years what we’ve been able to do around digital mobile payment.” Mobile payment now represents one-third of Starbucks’ total sales tender, a number attributable to their early adoption of the technology.

Schultz told Bartiromo that a “proprietary digital currency” would be a likely future addition to their payments app, describing blockchain as the “rails in which an integrated app at Starbucks will be sitting on top of.” Schultz’s comments heralding a blockchain-led “new age” appear to exclude bitcoin – he stated his belief that a different digital currency will likely emerge as preeminent.

Schultz was quick to point out that Starbucks was neither creating their own, nor investing in a digital currency; he clarified that he believes the company has a special chance to legitimize and take advantage of blockchain and cryptocurrency with consumers on a mass scale. “You have to ask yourself…what company has the national or global footprint, as well as the digital mobile payment trust and confidence integrated into its existing business?” said Schultz on a recent call with investors. “There’s going to be lot of winners, a lot of losers [in the race to utilize blockchain]. But we are in a very unique position [because of our existing infrastructure] to take advantage of what other tech companies and the Blockchain technology will provide…[and] potentially be in the mix [to benefit] financially, benefit in terms of consumer behavior and incrementality and significantly create long-term shareholder value.”

 

 

Just how that long-term value will be achieved remains up in the air, as Schultz did not hash out the nuts and bolts for putting blockchain into practice. But a company the size of Starbucks embracing blockchain and digital currency for consumer application resonates for symbolic reasons; they are “…in a position to create the trusted legitimate place in which this could be accepted and possibly take advantage of the mobile payment digital platform that we have created.” The potential for a transformative ripple effect across industries is massive, as businesses of similar clout and size realize blockchain’s value.

Blockchain could very well revolutionize business as we know it. Investors would be wise to brush-up on your knowledge of blockchain and its potential uses, as this education is likely to make navigating cryptocurrency markets less difficult in the future. Get started today by exploring educational articles in Tickeron’s Academy, on tickeron.com.

Related Ticker: SBUX

Momentum Indicator for SBUX turns positive, indicating new upward trend

SBUX saw its Momentum Indicator move above the 0 level on April 01, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 93 similar instances where the indicator turned positive. In of the 93 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 63 cases where SBUX's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SBUX just turned positive on March 28, 2024. Looking at past instances where SBUX's MACD turned positive, the stock continued to rise in of 54 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SBUX advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .

SBUX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

SBUX moved below its 50-day moving average on March 01, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for SBUX crossed bearishly below the 50-day moving average on March 07, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SBUX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for SBUX entered a downward trend on April 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (7.348). P/E Ratio (24.471) is within average values for comparable stocks, (180.936). Projected Growth (PEG Ratio) (1.275) is also within normal values, averaging (1.987). Dividend Yield (0.024) settles around the average of (0.033) among similar stocks. P/S Ratio (2.865) is also within normal values, averaging (2.473).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SBUX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are McDonald's Corp (NYSE:MCD), Starbucks Corp (NASDAQ:SBUX), Chipotle Mexican Grill (NYSE:CMG), Yum! Brands (NYSE:YUM), Darden Restaurants (NYSE:DRI), Domino's Pizza (NYSE:DPZ), Yum China Holdings (NYSE:YUMC), Shake Shack (NYSE:SHAK), Noodles & Company (NASDAQ:NDLS).

Industry description

The industry includes companies that operate full-service restaurants, fast food restaurants, cafeterias and snack bars. McDonald's Corporation, Starbucks Corporation, YUM! Brands, Inc. and Restaurant Brands International Inc. are some of the largest U.S. restaurant-owning companies in terms of market capitalization. While restaurant spending could be viewed as discretionary for consumers, some companies in the business have been able to weather economic cycles by establishing strong loyalty among customers over the years. Many of them also have a strong global presence as well.

Market Cap

The average market capitalization across the Restaurants Industry is 7.55B. The market cap for tickers in the group ranges from 6.73K to 203.58B. MCD holds the highest valuation in this group at 203.58B. The lowest valued company is AMHG at 6.73K.

High and low price notable news

The average weekly price growth across all stocks in the Restaurants Industry was 2%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 7%. ODDAF experienced the highest price growth at 95%, while PNST experienced the biggest fall at -19%.

Volume

The average weekly volume growth across all stocks in the Restaurants Industry was -17%. For the same stocks of the Industry, the average monthly volume growth was -25% and the average quarterly volume growth was 5%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 46
P/E Growth Rating: 65
Price Growth Rating: 52
SMR Rating: 66
Profit Risk Rating: 81
Seasonality Score: 8 (-100 ... +100)
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SBUXDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
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A.I. Advisor
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General Information

a producer of coffee and tea

Industry Restaurants

Profile
Fundamentals
Details
Industry
Restaurants
Address
2401 Utah Avenue South
Phone
+1 206 447-1575
Employees
381000
Web
https://www.starbucks.com
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