- S&P 500 futures are ticking upward this morning, but Starbucks’ stock is underperforming the market owing in part to an incoming 50% U.S. tariff on Brazilian coffee. Analysts estimate a 3.5% annual cost increase for the company, reducing earnings. While U.S. coffee prices rise, the impact on Brazil is small, and global coffee prices are falling, benefiting other markets.
S&P 500 futures are up 0.23% this morning, after the index closed down 0.49% yesterday. The blue-chip ranking has gained 7% year to date and remains near its all-time high, but there is one major name that isn’t benefiting from the risk-on attitude on Wall Street right now: Starbucks.
