13 Stocks in Jim Cramer’s Game Plan This Week

6. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 70

Starbucks Corporation (NASDAQ:SBUX) is one of the stocks in Jim Cramer’s game plan this week. Cramer talked about the CEO of the company while discussing the stock. He remarked:

“After close, we get Starbucks. That’s a company that’s climbed relentlessly until yesterday, of course, after that drop to the 70s. I bet new CEO Brian Niccol is ready to announce his China plans and to speak proudly of his success in improving throughput. Now it’s quite a contrast from the weaker Chipotle, the company Starbucks poached him from. That was a very tough quarter.”

Starbucks (NASDAQ:SBUX) is a global coffee company that sells beverages, packaged coffees, and food items through its retail stores and licensed channels. In April, when a caller inquired about the stock, Cramer replied:

“Yeah, it has. Now, we bought some for the Charitable Trust at a great price. We let it go up. We sold some, we did not sell enough. Sometimes that happens. People think that the Chinese business is going to be written down badly if they try to sell it. I have so much faith in Brian Niccol. I am a buyer of Starbucks at $83.”