Monday, June 2, 2014

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

I'm tellin' ya...

http://www.nakedcapitalism.com/wp-content/uploads/2014/05/Chameleon.jpg

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.
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