Nasdaq 100 nears record, and traders agree one lagging component can catch up $QQQ (via TradingNation)
last month as part of an internal investigation into sales fraud.
"Coffee was supposed to be recession-proof business and I think they got caught off guard a little bit, which is why the innovation of the management team is so important," Bapis said in the same "Trading Nation" interview. Bapis' other pick was the stock of networking technology company Cisco, which closed more than 1% higher on Tuesday.
So, when it comes to Cisco and Starbucks, "I think these two companies will be higher in 12 to 18 months, especially due to strong leadership," Bapis said.
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