Long-term investing in proven brands like Starbucks, Nike, Hershey, and McDonald's is recommended

From Yahoo Finance: 2024-07-13 18:30:00

Consumer spending drives 68% of the U.S. economy, making long-term investing in proven brands a smart move. Companies like Starbucks, Nike, Hershey, and McDonald’s have seen stock drops due to cautious consumer spending. Starbucks offers a 3% dividend yield and analysts predict 12% annual earnings growth. Nike remains an industry giant with over 12% expected earnings growth. Hershey faces challenges from high cocoa prices but remains a dominant brand offering a 3% dividend yield. McDonald’s is responding to price concerns with a $5 meal deal and boasts steady earnings growth and a 2.7% dividend yield. Investors consider these stocks a great buy on sale.



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