Jim Cramer on the Similarities Between Shares of Starbucks and Nike
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Starbucks' stock looks like Nike's.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Starbucks' (SBUX) - Get Report stock trades like Nike's (NKE) - Get Report . '[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.









