Topic: How To Invest

Wall Street Stock Forecaster Hotline Friday, September 11, 2020

Article Excerpt

STARBUCKS CORP., $85.27, Nasdaq symbol SBUX, is still a buy. The company is a leading seller and roaster of specialty coffee. It has 32,180 outlets in roughly 80 countries. Licensees operate about half of those stores. To boost its sales in Asia, Starbucks plans to launch new plant-based breakfast sandwiches and other foods at its stores in Hong Kong, Singapore, New Zealand, Taiwan and Thailand. The company will adjust these new menu items to suit local tastes and preferences. The stock has now recovered most of its losses since falling to $50.02 in March. It should continue to benefit as more areas reopen, as well as from its new focus on drive-thru and pickup-only locations. Starbucks is a buy. Starbucks recent coverage: August 2020 issue Hotline for June 12, 2020 YUM CHINA HOLDINGS INC., $51.36, New York symbol YUMC, remains a buy for long-term gains. The stock lets investors tap China’s largest fast-food operator, with over 9,900 outlets, mainly under the KFC and Pizza Hut banners. Yum…