BROS - A Bull Market Is Here: 2 Top Stocks to Buy Hand Over Fist
2024-02-04 13:24:00 ET
A bull market is underway as the S&P 500 index hit several new highs to start 2024. Some companies are in a great position to see improving revenue and profits over the next few years that could send their share prices soaring. Here's why entertainment juggernaut Walt Disney (NYSE: DIS) and fast-growing restaurant chain Dutch Bros (NYSE: BROS) are great buys.
The transition to a digital-first entertainment company hasn't been easy for Disney. The investments in streaming content have dug a hole in its bottom line, while its legacy-media networks (e.g., ABC and ESPN) are low-growth assets that have struggled to maintain stable revenue in a weak advertising market.
However, Disney announced in November it was hiring Pepsico 's Chief Financial Officer Hugh Johnston as senior executive vice president and CFO. Johnston did an excellent job guiding Pepsico's financial decision-making over the past decade that contributed to the snack food giant's profitable growth and returns to shareholders. It's an important hire for Disney at a time when investors want to see more financial discipline from the company in order to reverse the stock's recent fall.
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A Bull Market Is Here: 2 Top Stocks to Buy Hand Over Fist