On CNBC’s “The Final Call,” Michael Khouw of Optimize Advisors recommended Starbucks Corporation (NASDAQ:SBUX) and International Business Machines Corp (NYSE:IBM), saying that “they’re so bad, they’re good.”
Check out other stocks making big moves in the premarket.
Carter Worth also recommended Starbucks and IBM. He added that Starbucks had “bombed out at 46%” and that IBM had “tremendous relative strength” and its stock was “toying with the prospects of a breakout.”
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SBUX Price Action: Shares of Starbucks lost 0.47% to close at $79.05 on Friday. The stock is down over 32% year to date.
IBM Price Action: Shares of IBM added 0.73% to settle at $141.18 on Friday. The stock has gained almost 4% year to date.
