Watch This Leader In Online DVD Sales/Rentals
The major indexes declined in healthy fashion today. Volume
came in lighter than yesterday.
Dicks Sporting Goods
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PowerRating) was one of the stronger performers
as it made its way clear of a base with a top at 53.80. The
stock has been a leader out of retailers for the past year as it has made a
steady ascent. It also sports stellar fundamentals
including a 29% quarterly earnings growth rate for the most recent quarter as
well as an ROE of 39%.
Netflix
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PowerRating)
split 2 for 1 and pushed ahead by a little over $1. This
stock also has excellent fundamentals and may be
the leader in the newest group which seems to be forming in front of our eyes:
Online DVD sales/rentals.
Blockbuster
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PowerRating) recently
announced its entry into the business and after an initial
drop, the news didn’t seem to affect Netflix. NFLX
has spent the last 2-1/2 weeks consolidating.
Valueclick
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PowerRating) made a breakout attempt yesterday and attempted a
healthy follow-through today. So far, it has made little
progress through its pivot point of 11.49.
This is a great market to
follow strong stocks, take notes of weaker names and use caution and sound
money management in trading. I strongly believe that we are
still in a sound market, but may not make a serious move during this
corrective phase.
Enjoy your weekend!