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Whole Foods Market

Another luxury brand of sorts that’s not feeling any pressures from a slowing economy is Whole Foods Market (NASDAQ: WFM). The upscale grocery and health-food retailer recently ported a 31% rise in fiscal second-quarter profit. It also said that it would pass on the cost of higher food prices to shoppers. This brazen announcement hasn’t deterred buyers from doing their shopping at Whole Foods, as same-store sales rose 9.5% during the quarter. As for the shares, nothing seems to be deterring buyers from wanting to own WFM. The shares are up nearly 38% year to date. The gains in Whole Foods business proves once again that high earners will spend their money on living and eating well, regardless of economic conditions — and that’s a trend that will never go out of style.

 

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2 Comments

  1. I LIKE NEWS LETTERS SENT TO MY HOME SO I DON;'T HAVE TO LOOK CONTINUALY AT THE SCREEN.

  2. YEA, I KNOW I COULD PRINT THEM OUT..MORE TIME, AND MORE EXPENSIVE. I LIKE A RECOMMENDATION STRAIGHT UP…KNOWING ALL THE WHY's AND HOW's ARE TO FOLLOW IF THE PERSON HAS GIVEN BAD A DVICE IN THE PAST ONLY THEN DO I NEED FUTHER EXPLINATION.

    IF AN ADVISOR IS WORTH HIS SALT HE CAN RECOMMEND I BUY —– AND —..AND I WILL BUY OR NOT BUY ON THE PERSONAL RECOMENDATION. IF I HAVE QUESTIONS, THEN I CAN ASK FOR A SHORT EXPLINATION.

 
 

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