Jim Cramer Recommends Buying Starbucks Amid Market Volatility

Jim Cramer recommends buying Starbucks stock, citing its recent decline as a buying opportunity. He also suggests taking a little off the table with Solid Power and avoiding Enovix due to its high price and concerns about a glut of oil. Cramer has mixed views on Granite Construction and General Mills, suggesting that Granite is a takeover target but General Mills may not be worth buying due to its earnings.

Jim Cramer, a prominent financial analyst, recently shared his views on several stocks, including Starbucks (SBUX) and Solid Power (SLDP). Cramer sees Starbucks as a buying opportunity, while he advises taking a little off the table with Solid Power and avoiding Enovix due to its high price and concerns about a glut of oil. Cramer also expressed mixed views on Granite Construction and General Mills.

Starbucks (SBUX)
Starbucks is expected to release its quarterly results after market close on July 29. RBC Capital maintains an Outperform rating and a $100.00 price target, while Jefferies has downgraded the stock to Underperform. Despite the mixed ratings, RBC Capital is constructive about Starbucks' turnaround strategy, citing management's confidence in labor investments driving top-line growth. The company has also announced a quarterly cash dividend of $0.61 per share, payable on August 29, 2025 [1].

Solid Power (SLDP)
Solid Power reported earnings results on Tuesday, May 6, with earnings per share of $0.08, beating analysts' consensus estimates by $0.06. The stock has seen strong trading volume, with 9,015,922 shares traded on Wednesday, July 16, an increase of 126% from the previous session's volume. Despite the positive earnings report, Cramer advises taking a little off the table with Solid Power. The stock has a market cap of $668.12 million, a P/E ratio of -7.32, and a beta of 1.75 [2][3].

Enovix
Enovix is not recommended by Cramer due to its high price and concerns about a glut of oil. The company's stock is not mentioned in the provided materials, but Cramer's advice suggests caution due to these factors.

Granite Construction
Cramer suggests that Granite Construction is a takeover target, but he does not provide specific details on why this might be the case. The stock is not mentioned in the provided materials.

General Mills
Cramer advises against buying General Mills due to its earnings. The stock is not mentioned in the provided materials.

Conclusion
Jim Cramer's recent advice highlights the mixed views on several stocks. While Starbucks is seen as a buying opportunity, Solid Power is advised to be taken off the table, and Enovix is avoided due to its high price and concerns about a glut of oil. Granite Construction and General Mills are mentioned as potential targets for takeover and to avoid, respectively, but more information is needed to fully understand these recommendations.

References:
[1] https://www.investing.com/news/analyst-ratings/starbucks-stock-rating-reiterated-at-outperform-by-rbc-ahead-of-earnings-93CH-4143638
[2] https://finance.yahoo.com/news/starbucks-report-weak-q3-results-192617252.html
[3] https://seekingalpha.com/article/4802757-solid-power-stock-surges-higher-what-should-investors-expect-going-forward