The third quarter was definitely a bumpy ride for the stock market. One could call it a roller coaster — primarily because roller coasters usually drop you off at the same spot where you got on. The S&P 500 saw gains of just under 0.5%, the Dow Jones gained 0.75% and the Nasdaq lost a bit more than 1%.
Must like the rest of the market, the Best Stocks for 2019 race didn’t see a lot of lasting moves. A CBD company continues to move among the top five, a cutting-edge telahealth company holds onto second, and a direct-to-consumer retailer continues its explosive growth. There’s one quarter left for big moves, but it’s far from anyone’s game.
Without further ado, let’s get into the Best Stocks for 2019, ranked from bottom to top.
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10. Syrah Resources (SYAAF)
Source: Richard Frazier / Shutterstock.com
Investor: Louis Navellier
YTD Change: 58%
Q2 Ranking: 1
And finally, Lululemon (NASDAQ:LULU) holds onto the top spot for the second consecutive quarter, and no one else really came close. LULU closed out Q3 a whopping 21 percentage points ahead of TDOC.
Louis Navellier of Growth Investor attributes Lululemon’s success to two things: being an entirely direct-to-consumer company and smart management.
The first allows LULU to control costs and quality and keep close track of what customers want. LULU keeps production costs down and can release new products strategically in a way that won’t leave them sitting on shelves. This lets LULU “charge a premium for quality products that are in limited supply.”
“The second force that keeps LULU stock chugging along is the company’s smart management. The key to success here is that its management has known how to time Lululemon’s growth.
Lululemon hung back as its popularity grew, choosing to focus on building out its yoga business into the women’s athleisure force it is today. Thanks to this, it was able to grow its reputation in a much more profitable way than simply flooding the market with stores and products. That cachet with its target market (and, thus, staying power) is a big reason I named it as my pick for the InvestorPlace Best Stocks of 2019 contest.
And now, as it enters the men’s space, analysts are drooling over the potential.”
So will LULU keep it’s lead through the end of Q4 and win the whole thing? It seems likely, but nothing in the market is certain so I’m not betting against the other front runners either.
Read more about LULU here.
As of this writing, Regina Borsellino held no positions in the aforementioned securities.
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