2 Stocks to Buy Before They Take Off
Some of the world's top stocks are heading for losses this year -- even double-digit losses. Two examples? A coffee shop giant and a leading maker of athletic gear. I'm talking about Starbucks (NASDAQ: SBUX) and Nike (NYSE: NKE). Higher inflation and coronavirus disruptions in the companies' big market of China have put pressure on margins. And investors have shied away.
But things may be turning around. Over the past month, Starbucks and Nike shares have started to gain. And recent earnings reports show these companies have what it takes to perform over the long term. Let's take a closer look at these two stocks to buy before they take off.
Starbucks has a solid track record of increasing revenue over time. The loyalty of Starbucks' customers has kept revenue growing at the coffee chain. In the most recent quarter, U.S. active membership in the Starbucks Rewards program climbed 16% to 28.7 million. And these members represent more than half of spending in Starbucks' U.S. stores.
Source Fool.com
