It's been a tough year for Starbucks NASDAQ: SBUX. The king of coffee retail chains has seen its stock slide more than 25% from its year-to-date (YTD) high on Feb. 23, and when it reported Q3 earnings on July 29, it missed analysts' estimates by nearly 28%.
In Starbucks'sointing Seattle headquarters, it was known as “Project Bloom.” Launched earlier this year, the hush-hush undertaking evaluated thousands of the company's coffee shops across North America on profitability, and the experience of customers and baristas.
In June 2020, I happily invested in one of my favorite consumer brands: Coffee giant Starbucks (SBUX -0.36%). But after it's underperformed the returns from the S&P 500 by a wide margin over these five years, it's high time I reconsidered its role in my portfolio.
Major U.S. equities indexes were little changed Thursday afternoon on the second day of the U.S. government shutdown, as the tech sector rose while most others declined.
Who would have thought that September would be such a good month for stocks? It's typically the nastiest month of the year for market returns, but things were different this year.
When scanning the market for prospective dividend-paying companies, it's easy to get enamored by stocks with high yields. And there are definitely some examples of beaten-down stocks with high yields that are great buys now.
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