Top Stocks in 2014
Starbucks (SBUX) - Starbucks (SBUX) is my top coffee stock to buy in 2014. It's very simple, the brand has never been stronger, there are constantly lines out the door, and teens are buying into the coffee craze. SBUX shares rallied 52% in 2013 and could easily gain another 25% in 2014 to $100 per share. The company sees the growth in revenue driven by mid-single-digit comparative growth and 1,500 net new stores around the world. Starbucks also expects at least as much margin expansion in FY14 as it delivered in FY13. Margin expansion was 150 basis points in FY13.
Dunkin' Brands Group, Inc. (DNKN) - Dunkin' Donuts (DNKN) is my second coffee stock pick for 2014. DNKN shares popped 48% in 2013 and I feel the stock can rally to $60+ in 2014. Buy DNKN in all major pullbacks in 2014.
Coffee Stocks to Watch 2014 - Green Mountain Coffee (GMCR), McDonald's (MCD), Coffee Holding Company, Inc. (JVA), Jammin Java Corp. (JAMN)