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A Trio of Food Favorites
10/31/2016 8:00 am EST
I expect to see all of our stocks perform well as we move through the fourth quarter and into earnings season. But a few stand out as my top picks, including three involved in the food sector, informs Briton Ryle, editor of The Wealth Advisory.
Zoe's Kitchen (ZOES)
True, second-quarter numbers weren’t great. But the truth is, it was the first weak report in well over a year. I can live with that.
There’s still excellent growth potential here. Zoe’s is about to expand into some of the biggest and most lucrative markets in the country, and when sales start rolling in from New York and Chicago, stock prices will follow suit.
Two months ago, I told you that the stock could drop to $30 and that would make a great entry. It's at $27 now. Buy it, and you'll do just fine.
Once the Teavana purchase is ironed out and the company executes its push into China, I expect to see big growth again. There are easily 25% gains ahead to $70 a share.
Whole Foods (WFM)
Investors seem to think that WFM has lost its edge and all the competition in the natural foods marketplace has taken away any possibility for success. But they couldn’t be more wrong.
WFM was a first mover in the healthy living craze that’s only gathered steam in the past decades, and it’s the first mover again with the new chain of millennial-focused stores, 365.
The new stores are getting great reviews, earnings and revenue seem to have stabilized, and there is a new meal service (a la Blue Apron) on the horizon.
I see a bright future for WFM and still recommend it as a buy. There is upside to the $50 per share level.
By Briton Ryle, Editor of The Wealth Advisory
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