Tuesday, January 22, 2019 12:35:18 PM
Today, all of the major stock indexes are declining sharply lower falling by more than 1.0 percent on the session. This decline comes after a huge rally that started on December 26, 2018 and lead to a near term overbought condition. Whenever you see a big broad based decline such today it is important to look for stocks that are holding up in this sell off. A few stocks that are trading higher today include Starbucks Corp (NASDAQ:SBUX), McDonalds Corp (NYSE:MCD) and Chipotle Mexican Grill Inc (NYSE:CMG). The one thing these stocks have in common is that they are all restaurant stocks. Now if these market indexes decline further over the next few days or weeks it will be important to see how these key stocks hold up over that time period. In fact, the restaurant sector should be watched closely. These stocks could emerge as the leaders in the next rally. On days like this it is always important to watch for stocks that are showing relative strength.
Nick Santiago
InTheMoneyStocks
Recent SBUX News
- Perficient Stock Soars 52.9% Post-Acquisition; Luminar Declines 10% Amid Workforce Cutbacks, and Other News • IH Market News • 05/06/2024 12:09:00 PM
- CVS Health, Starbucks, Shares Weaker; Pinterest Soars • IH Market News • 05/01/2024 01:12:05 PM
- Starbucks Reports Q2 Fiscal 2024 Results • Business Wire • 04/30/2024 08:05:00 PM
- U.S. Index Futures Point to Mild Decline Ahead of Key Earnings and Fed Rate Decision • IH Market News • 04/30/2024 11:59:59 AM
- Philips Stocks Soar 47% Following US Deal, Tesla Bolsters Presence in China, and More News • IH Market News • 04/29/2024 11:11:24 AM
- Coca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News • IH Market News • 04/24/2024 11:28:02 AM
- 5 Things to Know About First-Ever Starbucks Promises Day • Business Wire • 04/23/2024 07:28:00 PM
- Starbucks Announces Q2 Fiscal Year 2024 Results Conference Call • Business Wire • 04/16/2024 08:05:00 PM
- Costco Increases Dividend by 14%, Meta Introduces ‘Artemis’ AI Chip, and More News • IH Market News • 04/11/2024 11:24:54 AM
- Starbucks Declares Quarterly Cash Dividend • Business Wire • 03/20/2024 08:05:00 PM
- Unilever Initiates Ice Cream Division Spin-Off and Announces Job Cuts; Berkshire Ramps Up Share Buyback Efforts, and More • IH Market News • 03/19/2024 11:33:10 AM
- Airship AI skyrockets with DOJ contract; Carrier Global sells Fire Industrial division for $1.43 billion, and Latest News • IH Market News • 03/06/2024 11:01:03 AM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 03/05/2024 09:06:10 PM
- Form PX14A6G - Notice of exempt solicitation submitted by non-management • Edgar (US Regulatory) • 03/05/2024 05:33:49 PM
- Form DFAN14A - Additional definitive proxy soliciting materials filed by non-management and Rule 14(a)(12) material • Edgar (US Regulatory) • 03/05/2024 03:28:22 PM
- Strategic Organizing Center Issues Statement on Starbucks • Business Wire • 03/05/2024 01:30:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/04/2024 06:08:13 PM
- Form DFAN14A - Additional definitive proxy soliciting materials filed by non-management and Rule 14(a)(12) material • Edgar (US Regulatory) • 03/04/2024 11:01:11 AM
- Glass Lewis Recommends Shareholders Vote FOR ONLY each of the Starbucks Director Nominees • Business Wire • 03/01/2024 03:15:00 PM
- Strategic Organizing Center Issues Statement on ISS Recommendation • Business Wire • 03/01/2024 12:45:00 AM
- Form DFAN14A - Additional definitive proxy soliciting materials filed by non-management and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/29/2024 10:30:28 PM
- Leading Proxy Advisor ISS Recommends Shareholders Vote FOR ONLY the Starbucks Director Nominees • Business Wire • 02/29/2024 10:21:00 PM
- Form DFAN14A - Additional definitive proxy soliciting materials filed by non-management and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/29/2024 05:00:16 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/27/2024 10:15:44 PM
- Form DFAN14A - Additional definitive proxy soliciting materials filed by non-management and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/27/2024 10:14:40 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM