Chinese Internet Stocks Taking Portfolios to Another Level
The FANG stocks (Facebook, Amazon, Netflix and Alphabet i.e. Google) are in the news a lot this year, but the best growth stocks for 2017 have been Chinese Internet stocks.
The FANG stocks (Facebook, Amazon, Netflix and Alphabet i.e. Google) are in the news a lot this year, but the best growth stocks for 2017 have been Chinese Internet stocks.
Alphabet, Amazon and Microsoft breaking out today after reporting earnings last night. These companies dominate — other companies can’t keep up — because of NVIDIA (NVDA).
Netease (NTES) just missed profit estimates, and had future estimates slashed. But Chinese Internet stocks remain hot and NTES has a P/E of just 19. Time to sell?
Analysts had been taking down 2017 profit estimates for Regeneron (REGN) since 2015. Wow! But that all changed last qtr when REGN beat the street and numbers rose.
Weibo’s (WB) up from $21 to $98 since I added it to the Growth Portfolio, and even after that run the stock still looks amazing to me. Here’s my full take.
With markets at their highs and economies strong around the globe, Priceline (PCLN) and its travel sites continue to see strong demand as people have money.
Global Payments (GPN) provide payment solutions for credit card companies — and now small businesses. GPN is a great stock, but is under the radar of average investors.
Disney (DIS) is expected to have 2017 profits roughly in line with 2016’s as the company plans for the future with its app and Star Wars lands, which are both due in 2019.
Packaging company Ball (BLL), the largest manufacturer of beverage cans in the world, is expected to grow profits +20% in three of the next four qtrs as it integrates Rexam.
CVS (CVS) was a great stock for three-and-a-half decades, then slower sales and profits brought the stock down. I feel CVS will make a comeback, but not just yet.
Monster Beverage (MNST) is growing profits around 20% yet has an astronomical P/E of 38. Why is the stock so high? Perhaps Coca-Cola is eying the company.
Bright Horizons Family Solutions (BFAM), an on-site employer sponsored childcare, continues to move higher (with a strong economy) as profit growth eclipses 20%.