Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 198.54

-4.1%

Nov 4 3:59 PM EST

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To: Trader J who wrote (56418)	8/14/2024 6:22:40 AM
From: Zen Dollar Round	Read Replies (2) of 56532

That was an astonishing rise for SBUX yesterday based on just a CEO change. New guy Brian Niccol's reputation certainly precedes him! Reminds me a bit of when it was merely announced Steve Ballmer was stepping down as MSFT's CEO and Satya Nadella would be taking over. MSFT started rising immediately because the stock had spent a decade in the wilderness treading water under Ballmer's reign. However, there was no one day jolt like SBUX had yesterday. Nadella was basically an unknown at the time, investors were simply relieved Ballmer would no longer be at MSFT. Ballmer stayed oddly focused on trying to beat Google with Bing, shoveling new versions of Office and Windows, and making very expensive mistakes like the Windows Phone. Ballmer remains one of the greatest examples in history of someone "failing upward" as a corporate executive at a publicly traded U.S. company, in my opinion.

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