NKE - Best Stock to Buy Right Now: Nike vs. Starbucks
2024-07-14 10:04:00 ET
When you think about iconic American brands, Nike (NYSE: NKE) and Starbucks (NASDAQ: SBUX) are likely to come to the top of your mind. Both companies have a long history of delivering outsized returns for shareholders, but 2024 has been a different story, with each stock down more than 20% year to date.
Anytime a blue chip stock is down considerably, it's worth revisiting to determine whether it's a minor blip or a more significant downtrend. So, with that in mind, let's look at Nike and Starbucks' recent financial results, balance sheets, dividends, and valuations to find out which stock is the better buy right now.
As a shareholder of a company, you are investing in future growth, and generally speaking, anytime a company's revenue and net income decrease or fall below expectations, the market will punish the stock. Look no further than Nike and Starbucks, which have both dropped roughly 15% since reporting their most recent quarterly earnings.
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Best Stock to Buy Right Now: Nike vs. Starbucks