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Investors’ interest in coffee has remained high, as evidenced by the iPath Series B Bloomberg Coffee Subindex Total Return ETN’s (JO) 31.6% returns over the past six months compared to the SPDR S&P 500 Trust ETF’s (SPY) 9.8% gains. Shipping disruptions are expected to keep coffee prices high for some time. According to Trading Economics, coffee is expected to trade at 179.67 USD/Lbs by year’s end.
Therefore, we think it could be wise to scoop up the shares of quality coffee stocks Starbucks Corporation (NASDAQ:SBUX) and Restaurant Brands International Inc. (QSR), which hold solid growth prospects. However, Luckin Coffee Inc. (LKNCY) and Krispy Kreme, Inc. (DNUT), having weak financials, are best avoided now.
