Quint Tatro Believes This Stock Has 'Massive Pricing Power'

On CNBC’s "Trading Nation," Quint Tatro of Joule Financial said Starbucks Corporation SBUX is the stock with "massive pricing power," despite not being a traditional staple stock.

The company will be able to boost its sales and pass on rising costs to customers, Tatro commented. From a valuation standpoint, the Seattle, Washington-based company also has $6 billion in cash.

The Labor Department, on Friday, reported a 6.8% year-over-year increase in the consumer price index for the month of November, the fastest inflation growth since June 1982, which also exceeded market estimates of 6.7%. The CPI was up 0.8% on a monthly basis. Core inflation, which excludes volatile food and energy prices, was up 4.9% in November, in-line with analysts’ estimates.

Price Action: Starbucks shares gained 1.2% to close at $116.73 on Friday, adding another 0.1% in after-hours trading.