We are bullish on Starbucks (SBUX) at current levels as we believe the company will deliver strong sales growth through 2016 and has significant long-term growth vectors firmly in place. Specifically, the reasons we like ( SBUX )

1. Proven global brand equity driving profitable growth
2. Increasing return of capital to shareholders
3. Ability to generate strong free cash flow
4. Continued double-digit EPS growth
5. Long-term strategic plan (the "intersection of digital and physical")
6. Rising 200 Day Moving Average
7. Inverse Head And Shoulders Formation

Starbucks has had an incredible run over the past five years, but there's still room for growth and our 1-year price target is $72. Buy on any weakness.