"Starbucks Corporation (NASDAQ: SBUX) is poised to make a comeback," says Mark Skousen in his premium trading service, The Turnaround Trader.
The stock is also a technical buy recommendation from Melvin Pasternak in his Swing Trader newsletter, which forecasts that a new uptrend is emerging for the stock.
Mark Skousen explains, "Starbucks, the world's largest coffee chain, is starting to grow again after a lackluster year of slow sales and earnings gains. The stock had been trading as high as $40 a share at one point before its pull back.
"Now, the company is controlling costs, while expanding its services and products. For example, new breakfast sandwiches are expected to add an estimated $200 million a year to company revenues.
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