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Starbucks Stock Looks Set to Brew More Upside Amid Consumer Confidence

From: investorplace.com

Buoyed by the strong U.S. consumer, Starbucks (NASDAQ:SBUX) is enjoying a spectacular 2019. With just a few days left in the year, the world’s largest coffeehouse operator is higher by 37.36%, putting it about 1,150 basis points ahead of the Consumer Discretionary Select Sector SPDR (NYSEARCA:XLY).

The comparison is relevant because as an embodiment of a consumer cyclical name, Starbucks stock is the fifth-largest component in XLY at a weight of 4.48%.

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