Time To Pick Up the Pieces of Starbucks' Broken Growth Story
StarbucksStarbucks(US:SBUX) MarketBeat·2024-08-01 11:31

Starbucks' NASDAQ: SBUX struggles with growth are not over, but signs are emerging that it is on track to return to growth soon. While Q3 results were mixed, the company expects sequential improvements to accelerate, reaffirming guidance for the year. The takeaway for investors is that price action in SBUX shares is picking up, and a reversal should come soon. If the FOMC follows through with its rate cuts, the reversal will gain momentum and could take the stock price back to recent highs by the end of 202 ...