Apple Inc. (NASDAQ:AAPL) along with four other stocks may be a good pick with the holiday season approaching, according to a report from Forbes by Ross Gerber. The other four stocks that could unlock value for the investors are Gamestop, Michael Kors Holding, Walt Disney, and Starbucks.
Discussed below are the five stocks along with reasons as to why the author feels them as “lone bright spots” for the holiday season.
Apple string of next-gen devices will attract customers
Apple Inc. (NASDAQ:AAPL) has captured 30% of market share globally though Samsung is still the dominant player in the segment. Apple, however, is giving tough competition to Samsung, and is expected to ship 55 million iPhones in the fourth quarter, which is almost double the amount it shipped in the third quarter. Apple Inc. (NASDAQ:AAPL) has not launched any new product for the holiday season, but it has a string of next generation devices like iPads, iPhones and Macs that will be in high demand among its customers, who are looking into either upgrading their current Apple devices, or are a first time buyers of these products. Apple Inc. (NASDAQ:AAPL) is still the leader in world class products, and its many devices are highly popular amongst consumers, according to the author.
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New games in pipeline makes Gamestop desirable
GameStop Corp. (NYSE:GME) has surged almost 125% year to date despite the video games sales down from last year. GameStop is looking forward to ramping up its performance further in the fourth quarter as more gamers are purchasing games expecting the launch of the Xbox One and PlayStation 4. Also, some of the biggest game franchises are releasing newer versions of popular games such as Call of Duty and GTA. The new titles released by these developers will increase revenue and profit for the video game retailers like GameStop, believes the author.
Trendy products from Michael Kors
Shares of Michael Kors Holding have surged more than 60% so far, and it’s poised to grow further in the upcoming holiday season. The company provides stylish high-end clothes, watches and accessories to the vibrant and rich market. Products of the company appear expensive, but are often priced fairly compared to many high-end retailers like Louis Vuitton and Gucci. Kors has a range of trendy products this year, which will take its profit higher.
Walt Disney’s titles doing good business
The Walt Disney Company (NYSE:DIS) is amassing profit as franchises like Thor are doing good business. Thor, released on November 8, has garnered collection of around $500 million globally. Disney films such as Frozen and Mr. Banks are scheduled to be released around Christmas.
Margins to improve for Starbucks
Starbucks Corporation (NASDAQ:SBUX) also seems to be well positioned to gain from the current trend in the market, according to the author. The company settled the dispute with Kraft foods for nearly $3 billion. Starbucks is seeing increased margin, which is poised to improve further.