And are fears of coronavirus enough to upend what has been one of the best performing momentum stocks on the Street?
With the coronavirus outbreak in Wuhan, China, currently having infected nearly 6,000 people worldwide, many investors have started to shy away from Chinese stocks like Luckin Coffee.
Complicating matters will be earnings, which Starbucks will report on Tuesday after the close. The most recent quarter, which ended Dec. 31, should be fine. But management’s outlook and commentary on the China situation will be one for investors to watch closely.