In this week’s Stock Market Video, Cabot Market Letter Editor Mike Cintolo says that the market has a nice rebound this week after two crummy weeks. But he says that not much has changed, as the indexes are still trading within a wide range. Longer-term, Mike remains optimistic. Stocks discussed: BE Aerospace (BEAV), Intel (INTC), Homebuilders (XHB), Macy’s (M), Rackspace (RAX), Cabot Oil & Gas (COG), Continental Resources (CLR) and MercadoLibre (MELI). Click below to watch the video!
My stock pick for today is a Chinese Red Chip stock that has all the hallmarks of a big winner, but whose chart says a little more patience is necessary. The company is NetEase.com (NTES) a Chinese Web portal that offers a standard menu of Yahoo-like services, including news, blogs, search, matchmaking, social gathering spaces and so on. But what sets NetEase apart from other Chinese Web giants like Sina.com (SINA) and Baidu (BIDU) is that it derives 85% of its revenue from online gaming operations. The hot items among the company’s massively multiplayer online role-playing games are Fantasy...
