Massive News for Starbucks Stock Investors
Express News | Direct access to Omaha | Interview with Mario Gabelli: I'm buying this kind of Chinese company!
Lucky returned to losses, Starbucks rarely plummeted, and competition in the Q1 coffee industry heated up in 2024?
Soon after the earnings report was released, “Lucky's 9.9 yuan campaign shrinks again” and other related topics once again appeared on social media hot lists. Starbucks China is actively adapting to the pace of competition in the domestic coffee industry. For example, they continue to lay out low-tier cities in China, but they still have no intention of participating in a price war.
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US stocks closed | NASDAQ rose about 2%, Apple surged 6% after the results, and Nvidia rose more than 3%
The three major US stock indexes closed up at least 1%; Amgen led the S&P and Dow, the diet drug duo Lilai once fell more than 3%, and Novo Nord Europe shares once fell more than 5%; the chip stock index closed up more than 2% and still fell throughout the week. Qualcomm's sharp rise fell back the next day, and AMD earnings fell more than 4% in the week