Jul. 14 at 11:51 PM
$SBUX
Getting close to a breakout. Reports earnings Aug 4.
Let's talk about their core product: coffee.
Coffee futures are telling a compelling story on the monthly chart.
A cup-and-handle formation suggests a strong bullish trend into the rest of the year and beyond.
Some companies could benefit from this price rise, assuming their fundamentals are robust:
$KDP: significant coffee portfolio (pods, Green Mountain, etc.)
$SJM: owns major packaged brands like Folgers
$BROS: fast-growing drive-through coffee chain
$BRCC: specialty/roasted coffee
And
$SBUX.
It has its own enterprise growth story and reports earnings on Aug 4.
The stock is forming an ascending triangle. If validated, it could support multi-month growth from here into Q4 2026.
As an option seller, this sets up a solid premium-selling opportunity ahead of earnings.
I'm planning to open a position and exit for profit just before the report.
