Weak Dollar Stock #3 – Starbucks (SBUX)
We have seen what exports can do for fast food restaurants. Can the same happen with coffee? In some ways, it is already happening.
Starbucks (SBUX) has made a big push overseas and many of its stores can be found in foreign markets. A weak dollar is going to accelerate the trend greatly. SBUX knows how to saturate a market. As it becomes more attractive for the company to increase foreign sales, look for SBUX to follow the on-every-corner approach that helped the company dominate the U.S. market. Even if the U.S. market struggles for SBUX, the foreign potential is still quite large and will offset domestic weakness.
5 Winners of a Weak Dollar
Article printed from InvestorPlace Media, http://investorplace.com/2009/11/weak-dollar-stocks/.
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