1 Growth Stock Down 35% to Buy Right Now
It looks like weakening consumer spending is to blame for Starbucks' struggles.Vaunted market beater Starbucks (SBUX -2.10%) has fallen on some hard times. The stock, which has historically trounced the S&P 500, is down over 30% from its high and has lagged the broader market for the past year.The business has hit a rough patch with global sales down 4% year over year in its fiscal second quarter, ended March 31. Investors now have to determine whether Starbucks' struggles are just a blip or a significant t ...