Whole Foods Continues to Climb

A few months back, I wrote the post, I Don't Remember Why I Bought Whole Foods. But I am glad that I did buy into Whole Foods Market (Nasdaq: WFM). At the time of that post, WFM closed at 46.81. As of yesterday, WFM was trading at 56.68, adding another 21% to the previous price.

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.

I firmly believe that WFM has reversed its downward direction, and that the worst is over for its stock price. So Whole Foods Market Inc (WFM) is now my latest stock pick. So far, WFM has been the best performer in my portfolio in the last year.

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