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Starbucks shares were up 3.65% at $93.67 at the time of publication on Monday.
Starbucks has moved its China joint venture with Boyu Capital into the operational phase.
KEY POINTS
- The partnership aims to accelerate Starbucks' expansion, innovation, and customer experience in China.
- Starbucks' RSI recently rebounded from the low-30s, indicating renewed buying interest.
- The next major catalyst is the April 28 earnings report, with revenue expected to rise year-over-year.
COMPANIES
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