In this week’s Stock Market Analysis Video, Cabot China & Emerging Markets Editor Paul Goodwin discussed the U.S. and Chinese markets. The U.S. market had a good week, but our China-Timer has turned negative after the government there announced that it would hike interest rates. Stocks discussed: Abercrombie & Fitch (ANF), Acme Paket, (APKT), VanceInfo Technologies (VIT), Ctrip.com (CTRP), Dangdang (DANG) and Youku.com (YOKU). Watch the video.
For todayt’s stock idea, I’m going back to a liquid (i.e., well-traded) leader that I’ve written about in months past. Many of these liquid leaders, especially those in the technology arena-stocks like Priceline.com, Baidu, Apple, etc.-have been lagging the market during the past couple of weeks. And, frankly, many have been moving sideways for the past four to six weeks, thanks to the recent market pullback that came prior to this lagging period. That action leads us to two possibilities. The first is that these stocks are actually building multi-week tops, and with market sentiment at nosebleed levels, are...
