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Cramer Passes On Buying Coffee Stocks — For Now

From: benzinga.com

Shares of coffee chain Starbucks Corporation SBUX 0.48% are up nearly 30% since the start of the year, while shares of rival Dunkin Brands Group Inc DNKN 0.43% are up 25%.

Is it too late for new investors to buy a position? According to CNBC’s Jim Cramer, the answer is a simple yes.

Starbucks and Dunkin are both “terrific coffee chains,” but now is not the “correct moment” for new investors to buy in, Cramer said during the “Mad Money” show Tuesday.

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