Monday, June 2, 2014

I'm Tellin' Ya, It's a Bull Market

I'm tellin' ya...

We don't really care so much about the individual names as the fact that you now have bunches of them setting up for the next up-move.

From Investors Business Daily: 

Some Big Cap 20 Names Start To Shape Bases
The market is back in a confirmed uptrend, and several Big Cap 20 stocks are flexing a little muscle and shaping what might turn out to be valid bases.

One candidate worthy of an investor's watch list is Keurig Green Mountain
(NASDAQ:GMCR). It's shaped a cup-with-handle base with a 123.72 buy point. One negative is that earnings growth has been decelerating from 39% to 26% to 16% over the last three quarters. Analysts are forecasting a 6% increase in the current quarter. The stock gapped up 26% Feb. 6 on a favorable earnings report and the announcement of a partnership with Coca-Cola (NYSE:KO). It's been basing since then.
The five-year annualized EPS growth rate is 75%.

Illumina (NASDAQ:ILMN) is another Big Cap 20 stock that's formed a base. It might be doing early work on a handle.

The company makes systems for the large-scale study of genetic variation and biological function.
Illumina has seven straight quarters of revenue growth above 20%, although EPS growth the past three quarters has been only 10%, 7% and 15%....MORE
HT on the pic, it sure looks like something that Yves at naked capitalism would come up with but I don't recall the post.