12 Stocks of Christmas: Garmin

Happy Christmas and welcome to our festive stock-picking series: the 12 Stocks of Christmas. Between now and the Twelfth Night (6 January), Graham, Mark and I will bring you four pieces of companies analysis each - these are all stocks that we’ve got on our watchlists, have added to our portfolios or we’re generally optimistic about for the coming year.

We hope these picks will give you some food for thought in the down time between Christmas and the start of a new year.

Let us know your thoughts on our choices and if there are any companies which are hot on your radar for 2025.

Garmin (NYQ:GRMN) - a cash generative tech company with more to offer in 2025

Market cap at the time of writing £32bn at a share price of $209

I’m kicking off with the sole US offering on our list because it’s Christmas Day and I am hoping to be unwrapping a Garmin as you are reading this.

In 2024, the US company is probably best known for its wearable devices and exercise tracking equipment. With good reason. Together ‘fitness’ and ‘outdoor’ operations made up 58% of revenues and...