Yahoo Finance New to Investing? This 1 Retail and Wholesale Stock Could Be the Perfect Starting Point
Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to Starbucks (SBUX)
Founded in 1985 and based in Seattle, WA, Starbucks Corporation is the leading roaster and retailer of specialty coffee globally. In addition to fresh, rich-brewed coffees, Starbucks’ offerings include many complimentary food items and a selection of premium teas and other beverages, sold mainly through the company’s retail stores. The company’s popular brands include Starbucks coffee, Teavana tea, Seattle's Best Coffee, La Boulange bakery products and Evolution Fresh juices.
On August 16, 2019, SBUX was added to the Zacks Focus List at $95.93 per share. Shares have increased 7.94% to $103.55 since then.
Eight analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.02 to $3.40. SBUX also boasts an average earnings surprise of 2.1%.
Additionally, Starbucks' earnings are expected to grow 14.9% for the current fiscal year.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like SBUX, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Starbucks Corporation (SBUX) : Free Stock Analysis Report
