2 Potentially Explosive Stocks to Buy in August
There aren't that many stocks posting high growth in the current economic environment. So when some do, investors pay attention. Two stocks that are demonstrating excellent growth under harsh conditions are Dutch Bros (NYSE: BROS) and Global-e Online (NASDAQ: GLBE), and these stocks could just be getting started.
Oregon-based Dutch Bros is a chain of coffee shops, but it's not your typical corner coffee shop or a Starbucks imitation. It has a distinctive, fun feel, with music and exotic-sounding drinks like Aftershock and Shark Attack. As an East coaster, I get why it's been a hot seller on the West coast.
The company isn't trying to compete with mega coffee chain Starbucks; rather, it's carving out its own niche in the industry. It operates 603 shops, mostly company-owned but also with a franchise model. Management sees an opportunity to expand to 4,000 shops over the next 10 to 15 years. Since openings so far have been quite successful, that appears to be a reasonable goal. It operates in 14 states right now, with opportunities to reach into new districts as well as expand within locations where it already operates.
Source Fool.com
