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

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Jim Cramer (1:01)

Jim Cramer here to share a short preview of my take on the market from today's members-only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 10 20 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

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 small J&J. Now, healthcare does not act well. Now, I would come back and let's make it short.

Jeff Marks (1:38)

Yeah, not as exciting as a semiconductor data center. Can't have that.

Jim Cramer (1:43)

But you know, I always think about Cotera. I mean, you want to have something or Home Depot. Home Depot was, last week was extraordinary. And so, we have to have, they can't, when I was at Goldman Sachs, my old partner, Jack Sheppard, always said, they can't all go up at once.

And I think that what we're seeing is, we're seeing some retail go up a lot, targets up a lot. And we would say, wait a second, you would be normally selling that group if oil goes higher. But there's just a belief that oil is going to go lower. And that's made it so that people want to own a lot of these retailers.

Jeff Marks (2:20)

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

But you know, it was back to 100, up 18% year to date. We know turnarounds aren't always the cleanest. The comps should be good here, but I think a few analysts still waiting to upgrade the stock to see better margin performance. So, taking off some shares here for a decent profit.

Jim Cramer (2:50)

Right, I mean, a lot of people gave up on it down here, okay? We didn't. Now, when you don't give up on something and you continue to buy it, what you have to say is this. You have to say, I'm going to buy it, but if it does get up to the point where it's radically large position versus what you think it should have, then you have to trim. Now we're not selling a position, but what we're doing is, this is time on it for people who have been members of the club for a long time, and my previous employee.

We like to have a little extra when we think people are throwing it away, but that little extra has to go away when we get to where we thought we'd be able to dream that it might be.

SPEAKER_3 (3:33)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates, and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

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