Jim Cramer Discusses Starbucks (SBUX) and Lower Coffee Prices

We recently published 16 Latest Stocks on Jim Cramer’s Radar. Starbucks Corporation (NASDAQ:SBUX) is one of the stocks on Jim Cramer’s radar.

With coffee giant Starbucks Corporation (NASDAQ:SBUX) undertaking a tough turnaround, Cramer has continued to stress that viewers have faith in the firm. His recent comments about the company have warned that the turnaround can be a slow process. In this appearance, the CNBC TV host discussed Starbucks Corporation (NASDAQ:SBUX)’s board member Jørgen Vig Knudstorp buying 11,700 shares for $85/share on November 10th. He also mentioned the limited impact of a barista strike on the firm and coffee prices in the aftermath of President Trump’s decision to reduce tariffs on key items to target inflation:

Jim Cramer Discusses Starbucks (SBUX) and Lower Coffee Prices

“Starbucks, insider buyer of a million dollars. And apparently not hurt by the barista strike. That’s another one that, where coffee is not a huge percentage that people might think, but people buy Starbucks if they see coffee come down. And I think that Starbucks is, I’m going to now say, is getting ahead of the schedule of the turn.

“There are others that I think are very interesting. I think Starbucks is interesting. I think the turn there is real.”

While we acknowledge the risk and potential of SBUX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SBUX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.