However, shares of heavyweight companies including Nike and Starbucks have not fared as well this year.
The sneaker manufacturer has slipped about 12% in 2024, while Starbucks has pulled back more than 16%.
Starbucks The coffee chain posted sluggish fiscal second-quarter results in late April, noting a stark decline in same-store sales.
SBUX YTD mountain Starbucks stock.
NKE YTD mountain Nike stock.
Persons:
Goldman Sachs, Christine Cho, Morgan Stanley, Alex Straton, skews, Straton, Raymond James, RJ Milligan, amortization, Milligan
Organizations:
Nvidia, Nike, Starbucks, CNBC Pro, CNBC, Stock, Caesars Entertainment, Caesars
Locations:
SBUX, FY3Q24E, China