The 3 Best Coffee Stocks to Own in 2023
July 13, 2023
During the worst of the Covid-19 crisis, white-collar workers had little reason to fundamentally bid up high-potential coffee stocks: they could brew their own cup of Joe at home. However, with workplace normalization steadily becoming a reality, the return of the daily grind could make America’s favorite psychoactive stimulant relevant again.
Indeed, the label best coffee stocks 2023 could become an ongoing theme. Recall that in the late summer of last year, CNBC noted that despite soaring inflation, higher consumer prices couldn’t stop breakfast sales at leading fast-food and fast-casual outlets.
Moving forward, as companies get more aggressive with their return-to-office directives, investing in coffee stocks will be mighty attractive. Basically, the sector will benefit from an expanding total addressable market. Yes, it’s terribly cynical but it’s also effective.