3 Stocks To Watch September 2024

This will be my last video for a while. I'm taking some time off to visit friends and family. You can still reach me via my website https://www.3minutebreakdowns.com See you in a few weeks! Starbucks stock jumped 25% last month after the company sacked their CEO and appointed Brian Niccol from Chipotle Mexican Grill. Niccol was given a multi million pay deal and starts work on the 9th of September. There’s no doubt that Brian Niccol has done a wonderful job at Chipotle, taking the company to a valuation over70 billion dollars. But the challenge at Starbucks will be much bigger. The coffee chain is facing increasing competition from the likes of Dutch Bros in the US and Luckin Coffee in China. In the most recent quarter, same store sales in the US were down 2% while in China sales fell 14%. Luckin Coffee, which emerged from bankruptcy just two years ago, now has twice the number of stores in China as Starbucks and is growing faster. Starbucks’s brand has deteriorated from a focus on price over experience and a bloated balance sheet with 16 billion of debt will also put off investors. #stocks #investing #stockanalysis #3mb