Here's why the stock jumped -- why I missed the run -- and where I think a good buy point is. Left: HTHT's one-year chart shows the stock broke out at $19.
Indian IT outsourcer Cognizant Technology Solutions (CTSH) is down 11% today on news of an internal probe into payments in India and the company President’s resignation.
Stocks within an industry, or sector, usually move in tandem. In my opinion, the second biggest factor that determines the short-term movements of a stock is the sector or industry the stock is in. Featured stock Cognizant (CTSH).
IT Outsourcer Cognizant Technology Solutions (CTSH) is expected to have just 10% profit growth this year — the slowest growth since it went public in 1998.
Cognizant Technology Solutions (CTSH) lowered the bar on 2016 expectations, but I think that’s OK to do this at the beginning of the year.
Cognizant Tech Solutions (CTSH) has a dependable IT outsourcing revenue stream, and CTSH is a solid value at 16x earnings.
Catalyst Health Solutions (CHSI) just pulled off a coup, buying Walgreens’ pharmacy benefit business. Customers will rise from 7 million to 18 million — but profits estimates didn’t jump. Where’s the beef? All I see here is bun.
My new BFF has a boomin BODY.
Today I will sell Cognizant Tech. Solutions (CTSH) and Bridgepoint Education (BPI) and buy Body Central (BODY) in the Growth Portfolio. I like BODY so much that it will also replace Express Scripts (ESRX) in the Aggressive Growth Portfolio.
Chipotle (CMG) has gone from $85 to $285 in just five quarters. The P/E of 42 makes the stock expensive. You could say the run is almost over, but solid same store sales growth could push the stock even higher.
I updated my charts on Deckers (DECK) yesterday — there’s a lot of positives — and as I write this article today the stock is breaking out. Deckers stock has legs.
Cognizant Technology Solutions (CTSH) has had an almost-perfect decade, as the ten-year chart shows. But 2011 profits are expected to rise 15% and the stock is moving up like a 40% grower. This shouldn’t be happening.