It's repeatedly been shown that the best time to buy stocks is when everyone else runs for the exits. This was true during the worst of the pandemic -- most recently, in 2022, as you can see in the chart of an exchange-traded fund (ETF) indexed to the S&P 500:

We expect SBUX stock to likely trade higher with revenues and earnings beating expectations slightly in its second-quarter results.

A once-beloved stock, Starbucks has underperformed the S&P 500 over the last five and 10-year periods. It now trades at a discounted earnings multiple as investors sour on the company's growth prospects in North America and China. But does this create an opportunity for contrarian investors looking to buy the dip?

Starbucks stock plunged out of the gate Wednesday after the coffee chain reported earnings. Here's what you need to know.