Here's Why I Finally Bought Starbucks Stock -- And 1 Reason I'm Being Cautious

By Matt Frankel and Tyler Crowe – May 7, 2024 at 6:22AM

NASDAQ: SBUX

Starbucks

Market Cap

$88B

Today's Change

(3.41%) $2.57

Current Price

$77.85

Price as of May 17, 2024, 4:00 p.m. ET

After the post-earnings plunge, I couldn't resist adding the coffee leader to my portfolio.

Starbucks (SBUX 3.41%) 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.

Matt Frankel has positions in Starbucks. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Starbucks. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.