Starbucks Corporation (NASDAQ:SBUX) stock is still fairly pricey, but volume on Starbucks stock remains robust and Wall Street earnings estimates match.
Everything is rolling over these days in this market-a correction that's well overdue.
This market correction should have happened late 2014 or early 2015. Top-line sales results among multinationals were deteriorating. Earnings did hold up well, but what mattered was that this was enough for institutional investors to still be nibbling away as buyers.
In the quarter ended December.
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