Several leading global brands have found themselves at the crossroads of political and social elements related to the ongoing conflict between Israel and the militant group Hamas.
Notably, some companies have been victims of boycott campaigns due to their stance in the conflict.
Indeed, the boycott campaigns have partly impacted the financials and stocks of various companies, which have recorded losses in 2024. Interestingly, several entities have shown resilience to record gains despite the prevailing conditions.
Picks for you
In this context, Finbold has compiled three stocks with growth across 2024 despite the controversy and analyzed how much an investment of $1,000 would return.
Domino’s Pizza
Domino’s Pizza (NYSE: DPZ) stock has experienced an impressive 18.96% gain year-to-date (YTD). Known for its robust business model and ability to adapt to market demands, Domino’s has attracted investors despite the boycott.
The company faced a boycott mainly in Malaysia due to its American roots, given the United States’ alliance with Israel in the war.
DPZ closed the last trading session, valued at $491.48 per share.
Coca-Cola
Beverages giant Coca-Cola (NYSE: KO) has risen 6.49% YTD. The company’s resilience over the period can be attributed to its strong brand presence and consistent revenue streams, which have helped it maintain investor confidence even amid the boycott calls.
The company was among brands circulated for boycotts on social media channels, recording notable losses in countries like Turkey. By the time of reporting, KO was valued at $63.73.
At the same time, Coca-Cola is poised for more growth in 2024, with analysts estimating a 6-7% increase in organic sales driven by robust demand for its core offerings and newer product lines. Additionally, the company’s dividend payments make it attractive to investors, with shareholders such as Warren Buffett earning significant dividends from the firm.
Walmart
Walmart (NYSE: WMT), the retail behemoth, has shown the most significant growth among the boycotted stocks. The Walmart’s stock has surged by 30.40% YTD. Notably, the company’s vast global footprint and continuous innovation in e-commerce have bolstered its market performance.
Part of the calls to boycott Walmart stemmed from its decision to support victims in Israel while being accused of ignoring Gaza. By the close of markets on July 12, WMT stock was valued at $69.40.
The profits
If one had invested $1,000 equally in these three stocks at the start of 2024, the initial investment in each would have been approximately $333.33.
Domino’s Pizza’s value would have grown to $396.53, Coca-Cola’s to $354.99, and Walmart’s to $434.36. Adding up the values of all three investments, the portfolio’s total value by mid-2024 would be $1,185.88.
With an initial investment of $1,000 spread equally across these boycotted stocks, one would have made a profit of $185.88 by July 12. This translates to an 18.59% return on the investment in just half a year.
It’s worth noting that amid the boycotts, the highlighted stocks have partially benefited from the bullish momentum in the US stock market. On the other hand, some heavily boycotted American firms, such as McDonald’s (NYSE: MCD) and Starbucks (NASDAQ: SBUX), continue to trade in the red with YTD losses of 14% and 20%, respectively.
