'Halftime Report' Traders Debate On Starbucks

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On CNBC's "Fast Money Halftime Report," Josh Brown and Stephanie Link spoke about Starbucks Corporation SBUX, which got upgraded by Atlantic Equities. They both bought the stock a year ago, during the March panic, but Link decided to sell it in August.

Brown still has a long position and he said the only question about the company is how effective are its locations in case of a prolonged re-opening. He sees them as very effective and he has no intention of getting out of the position. He said the company is doing everything right in China. As a trader, he would trail it with the 200-day moving average, which is currently at around $92.

Link said the stock is expensive at 37 forward earnings so she decided to sell and add to other re-opening names, like Wynn Resorts, Limited WYNN and Marriott International MAR because they offer better operating leverage and they also provide exposure to China.

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Posted In: RestaurantsMediaTrading IdeasGeneralCNBCFast Money Halftime ReportJosh BrownStephanie Link
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