Starbucks Corporation (SBUX - Free Report) , is the leading roaster and retailer of specialty coffee in the world. Shares of Starbucks have outperformed the industry in the past six months. The uptrend is likely to continue as the company not only reported impressive first-quarter fiscal 2019 results but also raised its earnings outlook for the fiscal year. Notably, both the top and bottom lines surpassed the Zacks Consensus Estimate for the third successive quarter. Also, the company’s operating fundamentals such as solid global footprint, successful innovations, best-in-class loyalty program and digital offerings are encouraging.
Foot Locker, Inc. (FL - Free Report) , is a leading global retailer of athletically inspired shoes and apparel. Shares of Foot Locker have risen and outpaced the industry in a year's time. The company’s focus on development of supply chain, improvement of mobile and web platforms, implementation of new point-of-sale software worldwide, and expansion of data analytics capabilities bode well. The company also plans to spend a major portion of the capital on its fleet of stores, including revamping and remodeling of the same. Such efforts would help attain long-term goals that include sales of $10 billion and net income margin of 8.5%. The company’s third-quarter fiscal 2018 results are the testimony of the same, wherein both the top and bottom lines beat estimates.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
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