TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer said Starbucks’ stock trades like Nike’s . ‘[Starbucks] looks like Nike,’ Cramer said. ‘It’s a senior growth stock with a very high multiple that very few like.’ Starbucks is a small holding in Cramer’s charitable trust, Action Alerts PLUS. ‘I hope it gets bigger – it hasn’t come down.’ Cramer added. ‘But it hasn’t gone up.’ On Tuesday, price increases for various Starbucks drinks took effect. Cramer said the coffee giant needs comparable store sales growth of 6 percent.
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