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Squawk on the Street

CNBC Investing Club: Cramer’s Morning Take on Starbucks 4/20/26

Squawk on the Street

CNBC

News, Investing, Business

4.0566 Ratings

🗓️ 20 April 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

The Club is trimming this food and beverage chain after strong YTD performance. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Transcript

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0:00.0

Jim Kramer here to share a short preview of my take on the market from today's

0:06.5

members-only CNBC Investing Club morning meeting. Join the club for full access to the morning

0:11.6

meeting every day at 1020 a.m. Visit CNBC.com slash morning take to sign up today. That's one word,

0:21.9

morning take. Now, today. That's one word morning take.

0:29.2

Now, we are doing some interesting trading, and Starbucks has had such a big move. I thought that we ought to trim it back a little. And then we've been saying, you know, we started really

0:33.1

small J&J. Now, health care does not act. I would come back and let's know it's short.

0:38.7

Yeah, not as exciting as a semiconductor. No, it can't have anything. But, you know, I always

0:45.4

think about Cotterra. I mean, you want to have something or Home Depot. Home Depot was last

0:51.4

week was extraordinary. Yes. And so we have to have, they came when I was at Goldman Sachs, my old partner, Jack Shepard

0:58.1

always said, they can't all go up at once.

1:01.5

And I think that what we're seeing is, you know, we're seeing some retail go up a lot,

1:06.7

targets up a lot.

1:08.1

And we would say, wait a second, you would be normally selling that group

1:12.0

if oil goes higher. But there's just a belief that oil ultimately is going to go lower. And that's

1:17.6

made it so that people want to own a lot of these retailers. If we could pull back Starbucks

1:22.3

real quick. So yeah, I mean, look, the stock is trading back to where it was right before that investor day earlier this year.

1:30.3

It was back to 100, up 18% year to date.

1:33.3

We know turnarounds aren't always the cleanest.

1:37.3

The comm should be good here, but I think a few analysts still waiting to upgrade the stock to see better margin performance.

1:46.6

So taking off some shares here for a decent profit.

1:51.2

Right.

1:51.5

I mean, a lot of people gave up on it down here, okay?

...

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