Stocks to Watch for Wednesday July 21

Earnings season is in full swing, and several high-profile companies are reporting their second quarter earnings tomorrow.  Among the list, including Coca-Cola (NYSE:KO) and Morgan Stanley (NYSE:MS), is Starbucks (NASDAQ:SBUX).  Analysts expect earnings of $0.28 per share, which would signal a successful path of recovery for a company that had overexpanded, brought back its founder as CEO, and turned more towards community and service from corporatism.  In addition to this good sentiment, UBS maintains a buy rating on the stock, and it has a target price of $31.00, which would represent a gain of more than 20% from Tuesday's closing price.  For this reason, I would advise the intelligent investor of the short or long term to add this stock to his portfolio.  It will likely prove prudent at tomorrow's close, and in the months to come.