Chart of the Day - Starbucks (SBUX)

The "Chart of the Day" is Starbucks (SBUX), which showed up on Tuesday's Barchart "All Time High" and "Gap Up" lists. Starbucks on Tuesday posted a new all-time high of $45.15 and closed up 3.30%. TrendSpotter has been Long since Dec 2 at $43.91. In recent news on the stock, Jefferies on Dec 12 resumed coverage on SBUX with a Buy and a target of $50. William Blair on Dec 9 said that Starbucks' launch of single-server K-Cups is off to a good start and said that the company is positioned to exceed its target of 3-5 cents of 2012 earnings from K-Cups. Starbucks on Dec 9 announced it had opened new stores in 5 new cities in Mainland China and reiterated that there will be about 150 new Starbucks stores opening in China in fiscal 2012. Starbucks, with a market cap of $32 billion, sells Italian style espresso beverages, a variety of pastries and confections, and coffee-related equipments primarily through its company-operated retail stores. Starbucks also sells whole bean coffees through a specialty sales group and supermarkets.