12 Stocks on Jim Cramer’s Radar Recently

5. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 84

Noting the stock’s recent decline, a caller inquired about Starbucks Corporation (NASDAQ:SBUX). Cramer replied:

“Yeah, it has. Now, we bought some for the Charitable Trust at a great price. We let it go up. We sold some, we did not sell enough. Sometimes that happens. People think that the Chinese business is going to be written down badly if they try to sell it. I have so much faith in Brian Niccol. I am a buyer of Starbucks at $83.”

Starbucks (NASDAQ:SBUX) is a well-known global brand that roasts, markets, and sells coffee. It offers a wide range of drinks, coffee beans, and food products in its stores. On April 3, appearing on Squawk on the Street, Cramer said:

“Starbucks down eight. Should we not think about he’s got it under force, under four minutes now?… Look I’m just saying that Starbucks is not a great sale here at 91. It’s just not.”