*By Michael Teich* As 2018 draws to a close, we're taking a look at the year's best Wall Street comeback stories. That is, the stocks that that took a beating in 2017, but bounced back with a strong 2018. **#5 Starbucks** The coffee giant has squeezed out an 8 percent gain so far in 2018, rebounding after its stock underperformed the broader market in 2017 by a long-shot. Starbucks ($SBUX) benefited from a boost in U.S. same-store sales and continued growth in its loyalty program. In its latest earnings report, the company said Starbucks Rewards members were behind nearly 40 percent of U.S. sales. That helped Starbucks achieve quarterly revenue of $6.3 billion. **#4 Macy's** The fourth-biggest comeback of 2018 belongs to Macy's ($M). Shares of the retailer were up about 15 percent this year after losing nearly a third of its value in 2017. Macy's turnaround plan is being driven by its adoption of new technologies and new in-store concepts. Mobile checkout is expected to be introduced at all Macy's locations by the end of the year, and the retailer has been expanding its Macy's Backstage brand, which is characterized by discounted items and lesser-known brand names. **#3 Chipotle** In 2018, investors were no longer sick of Chipotle. Chipotle's market value increased by about 40 percent this year, recovering from a 23 percent drop a year earlier. The fast-casual burrito chain, which has been plagued by a string off food illness outbreaks that began in 2015, gained from pricier menu items and a increase in mobile orders. So far, Chipotle's ($CMG) new CEO Brian Niccol, who took the helm earlier this year, is off to a strong start with a strategy of emphasizing fresh marketing and digital sales. Digital sales grew 48.3 percent in the latest quarter, and Chipotle plans to have online order pick-up shelves in all its locations by mid-2019. **#2 Under Armour** 2017 was not kind to Under Armour. After losing half its value last year, the sports retailer is now up about 20 percent in 2018. The Baltimore-based company's rebound has been driven by a surge in overseas sales, as well as a reduction in promotions. Under Armour's ($UAA) stock jumped after the company's latest earnings report when it raised its earnings outlook for the full year. **#1 Pandora** Pandora is the winner of 2018's biggest comeback. Despite tough competition from Spotify and Apple Music, Pandora ($P) managed to expand its paid user base in its latest quarter. Its shares jumped about 64 percent this year after plummeting 63 percent last year. Pandora says its pending acquisition by SiriusXM ($SIRI) for $3.5 billion will put it in an even stronger position for 2019 by growing its advertising business and expanding its subscription offerings. The deal is expected to close in the first quarter of 2019.

Share:
More In Business
Michigan Judge Sentences Walmart Shoplifters to Wash Parking Lot Cars
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
State Department Halts Plan to buy $400M of Armored Tesla Vehicles
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
Goodyear Blimp at 100: ‘Floating Piece of Americana’ Still Thriving
At 100 years old, the Goodyear Blimp is an ageless star in the sky. The 246-foot-long airship will be in the background of the Daytona 500 — flying roughly 1,500 feet above Daytona International Speedway, actually — to celebrate its greatest anniversary tour. Even though remote camera technologies are improving regularly and changing the landscape of aerial footage, the blimp continues to carve out a niche. At Daytona, with the usual 40-car field racing around a 2½-mile superspeedway, views from the blimp aptly provide the scope of the event.
Load More