I am continuing to recommend Whole Foods Market Inc (Nasdaq: WFM) for purchase. This company is a retailer that operates the largest U.S. based chain of natural and organic food supermarkets. WFM again announced earnings that exceeded the Street's expectations. I have been following WFM for a while, and the recent price history of WFM is a bit rocky. The stock recent dropped as low as 36.08 in July 2014.
WFM stock price is clearly turning around, Whole Foods is a member of the Standard and Poors 500 index. Some of the reasons that I have picked WFM are because of the following:
- WFM has been consistently profitable for several years according to the S&P Stock Report. I do not generally recommend investing in unprofitable companies.
- WFM has a current dividend yield of 0.91%. Note that this yield is less than in the last quarter because of the advance in stock price. But I like to know that if the stock price stagnates, I will still receive some income for having my money tied up.