Yahoo Finance

Now, time for some of today's trending tickers. You can scan the QR code below to track the best and worst performing stocks of the session with Yahoo Finance's trending tickers page. Joining me now, we've got senior reporter, Alexandra Canal, and Ali, we're looking at Starbucks and Cal Maine Foods. First up, let's set the scene for Starbucks. Starbucks getting an upgrade to hold from underperform at Jefferies. The analyst has had that underperform rating on the stock since September. The stock is trading near the analyst price target of $76 a share, just a little bit above that, even though shares of SBUX moving lower here today.

Yeah, and really, Jefferies was starting at an already low point here. We've seen this massive retreat when we think about Starbucks shares since that market high in February, like you just mentioned, Brad. Price target of 76, we're trading at right around 78. So the firm says we're closer to those levels and therefore that points to more limited near-term risk to the downside. However, the turnaround story here for Starbucks is still very, very challenged, especially internationally. We talk a lot about these tariffs. Starbucks has a lot of exposure in China. And if we take a look at the first quarter total same store sales was down 4% year over year, international down 4%, China in particular dropped 6%. So we have problems with the domestic economy. We have increased local competition that's weighing on international sales. So a bumpy road ahead, I think we have a bit of a lack of visibility when it comes to the earning side of the equation, obviously a lack of visibility on the consumer side, depending on how these tariffs play out. So that brings the already below consensus estimates from Jefferies more in line according to them. So, you know, we'll have to see where Starbucks goes from here.

Yeah, and to your point with that exposure in the Asia Pacific region, a larger question mark and uncertainty going forward about what the consumer mind share looks like in some of that propensity to spend towards either homegrown or local or domestic players in that market versus some of the U.S. grown and trying to break into that market as well or further penetrate. Uh also, we're tracking Cal Maine this morning, saying it's cooperating with a DOJ investigation into the cause of rising egg prices, and that includes whether or not egg producers have conspired to raise costs or limit supply. All right. Well, shares right now down by about two and a quarter percent.

I mean, we've been talking about the price of eggs for quite some time really, since all of 2025. And we will get another update on that tomorrow with the consumer price index out for the month of March. In February, we saw egg prices rise 10.4% after a 15.2% upswing to kick off the year on a year over year basis. We are up nearly 60%. Now, that's largely been due to the bird flu impacting that supply. Economists have warned that that likely will continue. In 2015, the last time that we saw the bird flu, we did have a spike in egg prices that lasted for several months. So perhaps a little bit more bumpiness in the months ahead. Uh but for Cal Maine, I mean, sales have surged, earnings have surged. Demand is still high despite these price increases. So the DOJ basically asking for them to show their receipts to make sure that they're not taking advantage of this situation. The company has said that they've taken steps to repopulate the supply, but that, you know, they also want to diversify their business because the potential for perhaps another outbreak that could weigh on financials in the future. So the stock is up 3% over the past month, which is more you can say to some of these other names out there. But egg prices, obviously a big focus point for consumers, and I mean, it looks like the pain at least for right now is not going away.

Yeah, the egg surcharge for my bacon, egg, and cheese over at Brooklyn Bagel has been removed. It's been removed, though. So that's a good. That's, we're trending, trending in the right direction.

That's good, though. Brooklyn Bagel. There you go. We'll see you tomorrow.

Oh, yes, indeed, every day.