Slow Climb Higher
Now that M&T Bank (MTB) has popped to new highs, I anticipate a slow climb higher to around $140 the rest of the year as Financial stocks are in vogue.
Growth Stocks
So Not Worth It
Did you know Google had negative profit growth last quarter, and missed estimates too? Google (GOOG) at 20 times earnings is so-not-worth-it.
Half Way There
I expected shares of JP Morgan (JPM) to go from $50 to $62, and they are half way there. JPM just got a big bump in 2013 est to keep the engine burning.
Don’t Forget, I’m the Best
Lots of stocks are up big this year, but Michael Kors (KORS) continues to put out exceptional results, reminding us KORS stock really is best.
HUGE Growth Coming Up
Qihoo 360’s (QIHU) search engine is taking big market share in China, and that’s translating into big profit growth from now until 2015.
A Game Changer
Facebook (FB) turned in a game changing quarter last night, and the shares have jumped from $27 to $34 after hours. Now the run has begun.
Next Year’s Gonna Be Great!
Lululemon (LULU) is past its clothign recall, but now the CEO resignation brought down the stock. Still, LULU should rebound in a big way in 2014.
Discounter is not Discounted
Ross Stores (ROST) has had a great run the last decade, growing 20% per year, but now the stock has little near-term upside, and growth is moderating.
A Cautious Take
I’m very cautious about Francesca’s Holdings (FRAN) this quarter. FRAN’s same store sales growth slipped from 9% 2QtrsAgo to 2% last qtr. Great long-term upside, but FRAN could miss this quarter.
Clearly a Top Stock
Nu Skin (NUS) is clearly a top stock. But now its jumped from $ 59 to $79 and is very extended. Let’s take a look at where NUS stands now, and if we should get some while its high.
Business is Booming
Business is booming at Portfolio Recovery Associates (PRAA) and I will use this recent weakness in the stock to buy it for the Aggressive Growth Portfolio.
Can I Get a Discount?
Visa (V) has a strong, steady business. V is now fairly valued at around $185 (24 times profits). $165 is my wish price.