1. Union baristas in 34 cities are starting a strike against Starbucks. 2. The ongoing strike is escalating, potentially impacting operations.
FAQ
Why Bearish?
Labor disputes historically depress stock prices; similar strikes have pressured SBUX in the past.
How important is it?
The strike's scale indicates serious operational challenges that could influence investor sentiment.
Why Short Term?
Immediate operational disruptions can affect SBUX's earnings outlook and stock performance rapidly.