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...
As for the stock market, there are so many good-looking charts out there that today I’ve got six quick ones for you, in a format I call high-low. Netflix (NFLX) is the high-end source of movies for your home, available through both the U.S. mail and online streaming. Revenues grew 31% in the latest quarter while earnings soared 42%. The stock’s forward price/earnings ratio (price divided by consensus expected earnings) is 52. Coinstar (CSTR) is the low-end source of movies for your home, via its Redbox kiosks that charge just a dollar a night. Revenues grew 42% in the...
Today I want to tell you about my recent test drive of a Nissan Leaf electric car. I was in San Francisco, enjoying the Thanksgiving holiday with my older daughter, who’s living and working in the city. While there, I found time to visit the Auto Show, which was held in the Moscone Center, with my 18-year old son. Interestingly, the test drive area for the Nissan Leaf, the all-electric car that will start selling late this month for roughly $33,000 in the United States, was in the ballroom! The floor was covered with reinforced plastic, and there was...
UGG maker Deckers Outdoor (DECK) announced earlier this week that it’s teaming up with Patriots Quarterback Tom Brady to market its famous winter boots. Brady, who has helped the Patriots win three Super Bowls, will now help sell UGG men’s footwear, outerwear and accessories product lines. Deckers touted the campaign as a return to its roots, since UGGs were originally popular among California male surfers. (Brady is in fact from California.) Analysts who follow the company raised their share price targets and upped earnings estimates for next year. This boost comes on the heels of Deckers beating analyst views...
