Shares of coffee giant Starbucks (SBUX) have been written off by many investors amid its slip. The stock shed around 44% of its value from peak to trough over a perfect storm of headwinds. Though the odds of a recession are rising, it seems as though the Seattle-based firm is already priced with such a hard-landing of a downturn in mind. The COVID-induced headwinds, unionization attempts, the slowdown in China, and inflationary pressures have taken a toll on the stock. Like most other firms battling the same set of headwinds, Starbucks seems in great shape to make it through the storm.
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Starbucks (NASDAQ:SBUX)
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Starbucks (NASDAQ:SBUX)
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