7 Cyclical Stocks That Can Help You Play Defense in 2021 - 1 of 7

#1 - Starbucks (NASDAQ:SBUX)

Starbucks logo

Starbucks (NASDAQ:SBUX) is back in growth mode. After four consecutive quarters of year-over-year declines in the company’s revenue, Starbucks posted a YOY rise in revenue in its Q2 earnings report in late April.

Revenue wasn’t the only thing that suffered. The company’s bottom line took a hit as well. However, those concerns may be a bit overstated. Since posting negative earnings per share in the company’s third-quarter earnings report (the three months ending in June 2020), Starbucks has been posting steadily increasing earnings. And while they’re not quite at the level they were pre-pandemic things are trending in the right direction.

And it has to be noted that Starbucks raised its dividend in 2020, which is no small feat. A bearish argument will be that the dividend looks a bit unsustainable in lieu of last year’s earnings. But that ratio will improve as profits rise and that means there should be no near-term problem for the dividend.

About Starbucks
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: Americas, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items. Read More 

Current Price: $109.70
Consensus Rating: Buy
Ratings Breakdown: 17 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $120.75 (10.1% Upside)

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