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Yahoo BusinessFeb 23, 2020
Intuit Nears Deal to Buy Credit Karma for $7 Billion: WSJ
Do you ever wish it was possible to own the next Starbucks (NASDAQ:SBUX)? Well, one stock that fits the bill is Luckin Coffee (NASDAQ:LK). And right now, LK stock is brewing nicely on the price chart and readying to be served.Source: Keitma / Let me explain.In the day-to-day goings on of Wall Street, there's always something meant to distract and keep investors occupied. In much of 2020, that interference has been the coronavirus.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI'm not trying to downplay the disease's risks, as they're everywhere. Even Apple (NASDAQ:AAPL), the world's largest company, warned for its current quarter this week citing the pandemic as the cause for its lower revenue forecast. * 10 S&P 500 Stocks to Buy Increasing Their Dividends in 2020 Collectively, with the virus' taking its toll on people, businesses and economies alike, the dangers are pervasive and obviously real. Luckin's Case for InvestorsThat said, China's Luckin Coffee -- an outfit just entering the big leagues of large-cap businesses with market capitalization of $10 billion or more and modeled after industry giant Starbucks -- might seem an odd choice for the portfolio. However, that's just it. "Right now" isn't tomorrow, and it's certainly not next week, next month or a year from now.The thing is, despite the negative impact the coronavirus will undeniably have on Luckin's immediate financials, the company was doing great. In fact, items such as the company's ballooning quarterly sales growth
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