Here's Why I Finally Bought Starbucks Stock -- And 1 Reason I'm Being Cautious
After the post-earnings plunge, I couldn't resist adding the coffee leader to my portfolio.Starbucks (SBUX -0.29%) recently reported disappointing first-quarter results, sending shares plunging by more than 15%. I'm rather bullish for the long term, so I decided to finally buy the stock, but as I discuss in this video, there is one big reason investors should be cautious with this one.*Stock prices used were the morning prices of May 3, 2024. The video was published on May 3, 2024. ...