Some Profitable Stocks Providing Food for Thought
Desserts and Digestifs
The Cheesecake Factory (CAKE) has over 10 restaurant locations in New York City to satisfy locals' and tourists' sweet cravings. Shares of the company trade at $47, down 2.4% for the year to date. The company has a total market capitalization of $2.38 billion. The company posted $1.87 million in earnings for fiscal year 2013.
Rounding off our list is Starbucks (SBUX), another company New Yorkers just cannot seem to resist. While most people won't bother spending $5 to $10 bucks for a signature coffee beverage, many New Yorkers won't think twice of doing so. At $70, shares are dow 11% for the year to date. Revenue rose 12% to $4.2 billion in the first quarter of 2014, according to its January news release.
At the time of publication, the author held no positions in any of the stocks mentioned.This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.