The main storyline for 2015 is there is a set of good growth stocks that were expensive when the year began but still went higher and higher in a euphoric way similar to the late 1990s. NetFlix (NFLX), Under Armour (UA), Chipotle (CMG), LinkedIn (LNKD), Regeneron (REGN) and Amazon (AMZN) are all great companies that have stocks which are just too high to buy. And still these stocks go higher.
2015 is also a year when a lot of stocks are just a little higher than they should be, thus I have clients with around 20% in cash. But if the stock market comes down a bit I’ll be looking to buy. If we get a market correction of say 8-10% I would probably buy Cerner (CERN), Ulta Salon (ULTA) and Buffalo Wild Wings (BWLD). But we (you) have to be patient and await an opportunity.
I’m biased but the stocks we own in the Growth Portfolio seem to be the best bets going into the 2nd half of the year. My complete watch list is on pages 2-3.
