S&P 500 Winners: Starbucks and 2 Stocks Up Over 2%
The S&P 500 (NYSEARCA:SPY) is down today by 0.38% and stands at 1,272. Here are three better performing stocks.
Urban Outfitters (NASDAQ:URBN): Although this retailer has been squeezed by higher costs just like everyone else in their industry, Urban Outfitters continues to hold its own. URBN shares recently traded at $28.61, up $0.86, or 3.1%. They have traded in a 52-week range of $21.47 to $39.26. Volume today was 1,024,287 shares versus a 3-month average volume of 3,250,350 shares. The company’s trailing P/E is 21.10, while trailing earnings are $1.36 per share.
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Starbucks (NASDAQ:SBUX): This coffee giant’s over-expansion in the past decade is a well-known fact by this point. Now Starbucks has to contend with higher costs. Starbucks says it is raising it’s prices by 1% in the Northeast and Sunbelt states to compensate. Will this ease the pressure? The market seems to be saying “Yes”. SBUX shares recently traded at $46.38, up $1.09, or 2.41%. They have traded in a 52-week range of $30.75 to $47.04. Volume today was 2,336,487 shares versus a 3-month average volume of 6,172,020 shares. The company’s trailing P/E is 28.63, while trailing earnings are $1.62 per share.
Joy Global (NASDAQ:JOY): If your name is Jim Rogers, then Joy Global, a mining equipment manufacturer, is just the kind of company one should be looking at. if one believes that a commodities crash is likely, then Joy Global is not such a good bet. Regardless, Joy Global’s long-term prospects depends on long-term economic trends. The stock bounced back from yesterday’s losses.JOY shares recently traded at $78.24, up $2.19, or 2.88%. They have traded in a 52-week range of $75.25 to $78.79. Volume today was 1,220,000 shares versus a 3-month average volume of 1,720,000 shares. The company’s trailing P/E is 13.20, while trailing earnings are $5.92 per share.
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