Poised for a Java Jolt

As I wrote this weekend, this earnings season is shaping up to be a volatile one. Even before it started, nearly 70% of companies that pre-announced their results, did so to the downside. In the last two weeks, a growing number of companies have reported either earnings disappointments and or reduced their near-term expectations. Thus far in the fourth quarter of 2012, the S&P 500 has dipped 1.8% and the Nasdaq Composite has fallen 3.5%. 

Starbucks (SBUX) -- Daily Source: StockCharts.com View Chart » View in New Window »

One company that has fallen even more significantly than the indices have over the last several weeks is Starbucks (SBUX). Its shares have dropped nearly 12% over the last five weeks. There are several items that make this pullback interesting to me. First, over the last 60 days, there has been no change to consensus earnings expectations for Starbucks for the second half of 2012 in the last 60-plus days. There also has been no adjustment up or down to the expectation for the company to deliver 25% earnings growth in 2013. ...378 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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