'Halftime Report' Traders Debate On Starbucks

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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SBUXStarbucks Corp
$92.110.29%

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