Shares of international coffee giant Starbucks (NASDAQ: SBUX) are up 12% year-to-date, enough to push the stock to record highs. The company is benefiting from a wave of reopenings worldwide.
Still, there is room for it to go higher as the world is nowhere near putting the pandemic behind it. Many folks are still working and learning from home. Further, while vaccinations against the coronavirus are well underway in developed nations, they are only getting started in poorer countries.
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