Our Market Monitor has been in the bullish zone since mid-August, and it remains there today—the intermediate-term trends of all major indexes and the vast majority of leading stocks are still bullish. That said, in the short-term, the market remains choppy; distribution was clearly seen last week, and with earnings season beginning in a couple of weeks, it makes sense that investors will hold their cards close to their vests. Thus, while we wouldn’t push the accelerator to the floor, our overall advice isn’t much changed: Hold your best performers, consider taking partial profits in some extended stocks and look to use normal weakness as a chance to buy.

Encouragingly, this week’s list has a surprising number of solid-looking set-ups and names that have actually come to life in recent days. Our favorite of the week is CF Industries (CF), the huge fertilizer maker that is trading well and has huge earnings power in this era of high crop prices.

Stock Name	Price	Buy Range	Loss Limit
CF Industries (CF)	45.23	215-225	-
CommVault (CVLT)	0.00	55-58	-
Expedia Group (EXPE)	0.00	55.5-57.5	-
Five Below (FIVE)	134.58	36-38	-
Gilead Sciences (GILD)	75.10	64-66	-
Marathon Petroleum Corporation (MPC)	0.00	52-54	-
Packaging Corp (PKG)	0.00	34-36	-
Regeneron Pharmaceuticals (REGN)	512.96	146-150	-
Splunk (SPLK)	207.67	33-35	-
Williams-Sonoma (WSM)	64.96	42-44	-

As expected, the market lost a little steam during the past few days, with buyers showing little interest after stocks ramped higher in previous weeks. Of course, the sellers aren’t showing much muscle, either, resulting in a short-term rotational, choppy environment. What about the long-term? Could the rally have already run its course? Sure, it’s always possible, especially given the stop-start environment since early 2011. But the evidence points to an intermediate-term (and longer-term) uptrend in the indexes and most stocks, so you should remain bullish. That doesn’t mean you can’t book a few partial profits on the way up, but you should also hold on to most of your best performers.

This week’s list has some different names, including a few that have recently strengthened after many months of idling. Our favorite of the week is Jazz Pharmaceuticals (JAZZ), a former small-cap leader of 2010 and 2011 that consolidated for the better part of a year before breaking out last week.

Stock Name	Price	Buy Range	Loss Limit
Computer Sciences (CSC)	0.00	31.5-33	-
Concur Technologies (CNQR)	0.00	72-74.5	-
Google Inc. (GOOG)	0.00	710-730	-
HCA Healthcare (HCA)	137.60	31-32	-
Jazz Pharmaceuticals (JAZZ)	0.00	54-58	-
Mellanox Technologies (MLNX)	92.00	104-108	-
MCO (MCO)	0.00	44-45	-
Phillips 66 (PSX)	0.00	45-47	-
Barrick Gold (GOLD)	27.20	114-119	-
Royal Gold, Inc. (RGLD)	129.66	90-95	-

The market bolted ahead last week, cheered by news that the Federal Reserve was joining the European Central Bank in embarking on new money-printing programs. The strength was so broad, in fact, that we saw nearly 750 stocks on the NYSE and Nasdaq hit new 52-week highs on Friday, the highest level since early 2011. In the long run, such strength usually portends more strength; uptrends don’t up and die after exhibiting so much momentum. Short-term, however, the market almost always has a digestion phase after such a powerful romp; we don’t expect a huge, punishing retreat, but we do think patience could pay off with many stocks during the next couple of weeks. Bottom line: You should remain bullish, but keep your feet on the ground and look for advantageous entry points.

This week’s list has a heavier commodity flavor than we’ve seen in some time—that’s not a surprise given the central bank action. Our favorite of the week is Silver Wheaton (SLW), a unique silver firm that owns stakes in many mines. With precious metals back in favor, we think buying SLW on weakness will pay off.

Stock Name	Price	Buy Range	Loss Limit
ANN (ANN)	0.00	36–38-	-
Cameron (CAM)	0.00	56.5–58-	-
The Gap, Inc. (GPS)	0.00	33.5–35-	-
Lululemon Athletica (LULU)	304.69	75–77.5-	-
Martin Marietta Materials (MLM)	261.52	85–90-	-
NXP Semiconductors (NXPI)	0.00	24.5–26.5-	-
Pioneer Natural Resources (PXD)	0.00	109–113-	-
PulteGroup (PHM)	45.93	15–16-	-
Rackspace (RAX)	0.00	62–65-	-
Silver Wheaton (SLW)	0.00	36–38-	-

The market and many leaders bolted ahead last week, which is just what we wanted to see as the big investors came back from the beach; it’s clear the buyers are in control. That said, despite some heady gains, we wouldn’t call this a runaway bull market—we’re seeing some under-the-surface rotation every few days, with money cycling out of some stocks and sectors and into others. That is totally orderly and, over time, healthy, but it does mean you get some periodic weakness in favored names. Thus, keep your feet on the ground, and look to use pullbacks as buying opportunities in the best stocks. As for winners, you should generally hold on to your best performers, though taking partial profits here and there (hopefully on the way up) is a good idea.

This week’s list is another potpourri of stocks and sectors, most of which have unique catalysts for higher prices. Our favorite of the group is Urban Outfitters (URBN), part of the very strong retail group. The stock is following through beautifully from a huge earnings gap a couple of weeks ago. Try to buy on weakness.

Stock Name	Price	Buy Range	Loss Limit
Affiliated Managers Group, Inc. (AMG)	0.00	118-122	-
eBay Inc. (EBAY)	0.00	47-48.5	-
Fortune Brands Home & Security (FBHS)	81.02	25.5-26.5	-
GHL (GHL)	0.00	46-48	-
IPG Photonics (IPGP)	0.00	59-62	-
Men’s Wearhouse (MW)	0.00	36-37	-
ServiceNow (NOW)	341.86	33-35	-
Tesoro (TSO)	0.00	38-41	-
Urban Outfitters (URBN)	0.00	37-38.5	-
Valero Energy (VLO)	97.40	30-31.5	-

Given how tenuous the market looked heading into August, it’s hard not to be pleased with how the month turned out—the wild volatility of May, June and July subsided, leadership emerged and most stocks moved higher. We latched onto more than a few solid winners, which we’re pleased with. But now, with the market having pushed back toward its springtime highs, the rubber is likely to meet the road—the set-ups are there for the indexes and many leading stocks, it’s a matter of whether big investors back from vacation are willing to push stocks higher. Right now, the evidence remains bullish, so we remain optimistic that higher prices are ahead.

This week’s list has many of those set-ups; several stocks have tightened up during the past two or three weeks after bullish earnings reactions. Our favorite of the week is Eagle Materials (EXP), one of many housing-related stocks that look to be near good entry points.

Stock Name	Price	Buy Range	Loss Limit
Agrium (AGU)	0.00	96-98	-
Apple (AAPL)	248.94	640-660	-
Cirrus Logic Inc. (CRUS)	0.00	39-41	-
Cooper Tire (CTB)	31.50	19-20	-
CYT (CYT)	0.00	66-68	-
Eagle Materials Inc. (EXP)	0.00	41-43	-
The Flowserve Corporation (FLS)	54.70	122-126	-
Medivation (MDVN)	0.00	105-111	-
Toll Brothers Inc. (TOL)	0.00	31.5-33	-
Zillow (Z)	76.64	40-41	-

The market encountered a little wave of selling last week, with a big reversal on Tuesday and some follow-through selling on Thursday. But leading stocks held up well, and in fact, we continue to see more and more stocks joining the party. Sure, it’s not a wild bull market, and yes, there’s always the chance that post-Labor Day some big investors will sell into the recent rally. But there’s also the chance that this under-the-radar advance (most investors still believe the market is languishing) will gather steam! As always, it’s best to go with the evidence, and today, that evidence is bullish.

The expanding leadership can best be seen in our recent Top Tens, including this week’s list, which has all kinds of stocks and sectors. Our favorite of the week is Teradata (TDC), a leading play on the “big data” trend. The stock has stormed back this month and looks ready to assault new-high ground soon.

Stock Name	Price	Buy Range	Loss Limit
Chico’s FAS (CHS)	0.00	17-18	-
The Hain Celestial Group, Inc. (HAIN)	0.00	66-69	-
IACI (IACI)	0.00	50-53	-
JAH (JAH)	0.00	47-49	-
Mellanox Technologies (MLNX)	92.00	109-116	-
NetSuite, Inc. (N)	0.00	54-56	-
Sherwin-Williams (SHW)	526.09	135-141	-
SolarWinds (SWI)	0.00	51.5-54	-
Teradata Corporation (TDC)	0.00	73-76	-
TFM (TFM)	0.00	58-61	-

The past month of market action reminds us of the people we see on the beach who tip-toe into the ocean, wait for their feet to adjust to the cold, then wade in up to their knees ... then their waist ... and finally dunk their heads in. That’s the way buyers have been acting of late, first nibbling on weakness, then buying in bigger lots, and now we’re seeing real leadership emerge. Granted, it’s not the most powerful situation we’ve ever seen, and volume has been generally light as we approach Labor Day. But there’s enough evidence to switch our Market Monitor into the bullish camp; that’s not a reason to go fully invested today, but it is our way of saying that, if you see a good set-up, go after it.

This week’s list continues the trend of enticing charts with solid growth stories. Our favorite of the week is Michael Kors (KORS), a fast-growing retailer that exploded out of a six-month base last week after a great quarterly report. It’s a volatile stock, so use a loose stop, but we think it’s buyable around here or on any weakness.

Stock Name	Price	Buy Range	Loss Limit
ANN (ANN)	0.00	32-33.5	-
ASML Holding (ASML)	350.01	56-58	-
CF Industries (CF)	45.23	210-215	-
Francesca’s Holdings Corporation (FRAN)	0.00	33-35	-
Home Depot (HD)	0.00	55-57	-
LyondellBasell Industries NV (LYB)	0.00	47-49	-
Michael Kors Holdings Limited (KORS)	73.22	49-53	-
Palo Alto Networks (PANW)	236.92	63-66	-
Regeneron Pharmaceuticals (REGN)	512.96	132-137	-
Tesoro (TSO)	0.00	36-38	-

The past three weeks have done a lot to improve the market’s stance, in our view. At long last, the action of the indexes and most potential leaders has tightened up; no longer are names gapping up or down randomly based on overseas news. And this tightness has, in the case of many stocks, come after a period of accumulation. In other words, we’re seeing a change of character for the good—it looks like many stocks are poised for a move higher. Until that move really begins, we’ll leave our Market Monitor in neutral territory ... but be sure to have your shopping list ready should the bulls flex their muscles.

This week’s list continues the string of high-potential stocks that are either finishing up their base-building work, or have already pushed to new highs ahead of the market. Our favorite is Verisign (VRSN), a steady growth play as the leading Internet domain registrar. Try to buy on weakness.

Stock Name	Price	Buy Range	Loss Limit
Express Scripts Holding Company (ESRX)	79.25	59-61.5	-
Five Below (FIVE)	134.58	30-32	-
Mindray Medical (MR)	0.00	33.5-35.5	-
Ocwen Financial (OCN)	0.00	21.5-23	-
Pharmacyclics (PCYC)	0.00	54-56	-
Rackspace (RAX)	0.00	51-53	-
SeaDrill Limited (SDRL)	0.00	38-39.5	-
Team Health Holdings (TMH)	0.00	25-27	-
VeriSign (VRSN)	190.71	44.5-46.5	-
Weyerhaeuser (WY)	0.00	23-24	-

Last week didn’t start off so well, with the major indexes sagging during the first four days; however, many potential leaders that popped higher the week before held firm. And then, on Friday, the market bolted higher! Clearly, we’re still in a choppy and tricky environment, but the action we’ve seen during the past two or three weeks looks like accumulation to us; at the very least, it looks like the sellers have lost their grip on things. We’re keeping our Market Monitor in neutral territory because it’s still early; many stocks are simply repairing the damage they suffered since April, as opposed to launching into new advances. But we’re growing more encouraged, and it’s fine to ratchet up your aggressiveness by one step.

This week’s list has many enticing names and growth stories from a variety of industries. Our favorite of the week is Athenahealth (ATHN), which isn’t at an ideal buy point but has shown a classic huge-volume breakout followed by tight trading ever since. The story is great and we think you can start a position on any dip.

Stock Name	Price	Buy Range	Loss Limit
Acuity Brands (AYI)	0.00	58-60	-
Apple (AAPL)	248.94	590-610	-
Athenahealth (ATHN)	0.00	91-95	-
CAB (CAB)	0.00	42-45	-
Cirrus Logic Inc. (CRUS)	0.00	35-38	-
The Gap, Inc. (GPS)	0.00	31-33	-
Seagate Technology (STX)	0.00	29.5-31.5	-
ServiceNow (NOW)	341.86	26.5-29	-
Tesoro (TSO)	0.00	30-32	-
Western Refining (WNR)	0.00	24-25	-

Last week was shaping up to be another chop-fest but the market took off on Thursday and Friday ... and for the first time, we saw some leading stocks rally and, importantly, build on those gains. (In recent weeks stocks were quickly sold after any strength.) It’s a good ray of light, though we haven’t seen enough power from the market and from potential leaders to switch our Market Monitor out of its neutral stance; we’re a bit more optimistic than last week but still need to see more bullish evidence before we put on our bullish hats. For now, then, stick with the strategy of buying on weakness, keeping some cash on the sidelines and watching your stops.

The good news is that last week’s action brought more stocks to the fore; we’re seeing many more good-looking launching pads, and we saw more breakouts on earnings, many of which are showcased in this week’s list. Our favorite of the group is IAC Corp. (IACI), a conglomerate of Internet businesses that has been in a steady uptrend for years and just blasted off on earnings last week.

Stock Name	Price	Buy Range	Loss Limit
3D Systems (DDD)	0.00	36-38	-
Align Technology (ALGN)	316.20	33-35	-
Equinix, Inc. (EQIX)	547.73	175-181	-
IACI (IACI)	0.00	51-53	-
NetSuite, Inc. (N)	0.00	54.5-56.5	-
Regeneron Pharmaceuticals (REGN)	512.96	132-136	-
SolarWinds (SWI)	0.00	48-52	-
Under Armour (UA)	0.00	52-54	-
WPI (WPI)	0.00	77-79	-
Western Digital Corporation (WDC)	0.00	37-40	-

The market succumbed today to some bad news from Europe, although some buyers did support shares after the early-morning dip. Net-net, today and last Friday were bad, but the major indexes remain range-bound; amazingly, the Nasdaq is now in the midst of its sixth 4% swing up or down since early June, and yet, has made basically no progress during that time. It’s choppy out there! Thus, we see no reason to change our Market Monitor from its neutral position. As for individual stocks, it, too, is a mixed bag—some big leaders broke down last week, but many are still base-building and a couple actually poked into new-high ground after solid quarterly reports. All in all, a little buying is fine, but do your buying on weakness, keep positions smaller than normal and adhere to your stops.

This week’s list is a hodgepodge of stocks from different industries; most are strong for individual reasons (earnings, etc.). Our top pick is PPG Industries (PPG), which isn’t an exciting company, but it delivered a solid earnings report and announced a merger that kicked the stock higher. We think it could do well if bought on pullbacks.

Stock Name	Price	Buy Range	Loss Limit
A.O. SMITH (AOS)	0.00	49-50.5	-
ASML Holding (ASML)	350.01	52.5-54.5	-
DVA (DVA)	0.00	94-97	-
eBay Inc. (EBAY)	0.00	43-45	-
Medivation (MDVN)	0.00	90-94	-
Mellanox Technologies (MLNX)	92.00	84-90	-
PPG Industries (PPG)	0.00	109-112	-
Skyworks Solutions (SWKS)	0.00	27-28	-
USG Corp. (USG)	0.00	18.5-20	-
WOR (WOR)	0.00	21-22	-

Friday’s big surge upward—200 points for the Dow—was a clear bullish sign, a reminder that there’s lots of cash sitting on the sidelines waiting for a reason to get back into the market, and a reminder that when those billions of dollars eventually do find their way back into stocks, prices will skyrocket! Yet it’s been hard for the market to maintain a strong uptrend as the tug-of-war between stocks and bonds continues. And it’s not the yields keeping people in bonds these days, it’s simply fear. Thus our Market Monitor remains in the neutral zone—which means while it’s fine to target some attractive situations, you should keep some cash in reserve until the broad market is more supportive, and you should continue to practice risk management. That means buying on dips, not at new highs. It means taking some profits off the table when they come easily. And it means cutting losses short when things go against you.

We’re still very enthusiastic about the homebuilding sector, and our Editor’s Choice this week is Ryland, a homebuilder that’s appeared here this year twice before and has great potential to keep on climbing. Also attractive are companies in fertilizer, energy, electronic health records and more. Enjoy the issue and enjoy the summer!

Stock Name	Price	Buy Range	Loss Limit
Agrium (AGU)	0.00	87-90	-
Athenahealth (ATHN)	0.00	78-80	-
Cabot Oil & Gas (COG)	0.00	38-41	-
CLGX (CLGX)	0.00	19-20	-
Marathon Petroleum Corporation (MPC)	0.00	43-46	-
Ryland (RYL)	0.00	23-26	-
Spirit Airlines (SAVE)	57.03	21-23	-
TripAdvisor (TRIP)	55.14	42-44	-
Weyerhaeuser (WY)	0.00	22.5-23	-
Zillow (Z)	76.64	39-41	-

Has there ever been anything as overvalued as SpaceX (SPCX)?

Elon Musk’s rocket and space-based internet company reported $18.7 billion in revenue in 2025. That’s less than half the revenue declining electronics store chain Best Buy (BBY, $41.7 billion) generated last year, less than International Paper Company (IP, $23.6 billion), and barely more than Casey’s General Stores (CASY, $17.6 billion). Those three companies have a combined market cap of roughly $67 billion. As of this writing, SpaceX has a market cap of $2.7 trillion. That’s more than the combined market cap of Walmart (WMT), JPMorgan (JPM) and Visa (V). Together, those three companies generated $847 billion in revenue last year.

Small caps continue to hold up well. The S&P 600 Small Cap Index is up modestly since last Thursday and is trading just below the fresh all-time highs it hit earlier this week. The group’s resilience stands out, especially against a backdrop of narrowing leadership and ongoing rotation beneath the market’s surface.

The main macro development this week was the Fed’s June meeting and Chair Kevin Warsh’s press conference, which confirmed a shift in policy direction.

WHAT TO DO NOW: The market’s bounce has been a good one, and the intermediate-term outlook remains bright. That said, near term, there are still some crosscurrents (rotation into the broad market, Dow outperforming the Nasdaq) that tell us growth stocks could throw us another curveball in the coming week or two. Overall, then, we’re mostly standing pat, but we’re going to add a half-sized stake in Guardant Health (GH) here, leaving us with a still-good-sized cash position of 37% or so. Details below.

Stocks started this week with a huge rally as the Iran ceasefire deal appears to be the real thing.

Of course, it’s been months of supposed peace deals falling apart. It’s hard to believe. I’m sure that fact is holding the market back somewhat. But this one is different for a couple of reasons.

Stocks are starting off this week with a huge rally as the U.S. and Iran have reached a ceasefire deal.

We’ve been here before. These peace deals have fallen apart several times. I’m sure that fact is holding the market back somewhat. But this one is different for a couple of reasons. First, it’s the furthest a peace deal has gotten with both sides agreeing and independent verification from Pakistan. Second, this is what a peace deal would look like at this point if it’s real and lasting.

[Note: The Cabot Turnaround Letter weekly update won’t be published next Friday, June 19, due to the market being closed for the Juneteenth holiday.]

Before we get into the main topic for today’s newsletter update, a quick note on the portfolio is in order. I’m continuing our “spring cleaning” effort that we began last week by trimming a couple more of our holdings, but I’m also adding a new position to take the place of the recent deletions.

After two near-record-setting months, stocks are encountering their first real turbulence since March. It’s no surprise.

While stocks go up an average of 10% a year, they rarely do so in a straight line. And after the S&P 500 rallied nearly 20% in April and May and the Nasdaq shot up nearly 30%, a pullback of some kind – or possibly even a true correction – was to be expected. It seems it’s happening all at once.

Stocks look set to enter the summer near all-time highs, but leadership has narrowed, volatility has ticked up, and there’s been renewed scrutiny on the AI trade and valuation concerns in some of the market’s biggest winners.

At the same time, the macro backdrop remains a mix of resilience and intermittent turbulence. While economic data continues to hold up, energy prices remain elevated due to the ongoing Iran conflict – which has no end in sight – keeping upward pressure on inflation and yields.

Tech, commodity, AI, and Explorer stocks struggled this week as concern over capital expenditures increased. Mideast tensions intensified and inflation numbers came in yesterday at their highest rate in over three years, fueled by rising energy costs. The combination of anticipated higher interest rates and rising bond yields impacted the price of precious metals, with gold sliding below $4,200 an ounce and silver falling below $64 an ounce.

Stocks look to enter summer near all-time highs, but leadership has narrowed and volatility has ticked up thanks to renewed scrutiny on the AI trade and open-ended questions about valuations in some of the hottest areas of the market.

There’s also been more focus on the evolving macro landscape, which features a resilient U.S. economy but stubbornly high energy prices due to the ongoing Iran conflict, and somewhat elevated yields. We’re now looking at a higher likelihood of a Fed rate hike, with the odds of a hike by December now well over 50%.

The high-flying AI stocks got crushed on Friday. But those stocks started this week higher. Where do we go from here?

The technology-heavy Nasdaq index fell 4% on Friday, and the S&P 500 fell for the week for the first time in 10 weeks. A couple of things spooked investors. The AI trade turned sour after Broadcom (AVGO) reported earnings that included slightly lower revenue projections for its AI chips than were expected. Also, a blowout jobs report strengthened the case for a Fed rate hike by the end of the year.

A major economic narrative that took shape in recent years was the decline and (presumptive) inevitable death of the so-called “petrodollar,” as a growing number of countries diversified their foreign exchange reserves away from the U.S. dollar and toward gold and alternative currencies like the Chinese yuan.

This energy company is now a hold, and our contributor has a new online pick for the rest of the year.

New Western Energy Corporation (NWTR)
from Cotton’s Technically Speaking

I’m holding my position in my January Top Pick, New Western Energy Corporation (NWTR), in which I own about 200,000 shares.

New Pick: Alibaba...

Hedge funds Tiger Global Management and SRS Investment Management recently increased their holdings in this Chinese company to some 21.5% and 15.3% of its outstanding shares, respectively.

eHi Car Services (EHIC)
from Cabot Stock of the Month

The #2 car rental company in China, eHi Car Services (EHIC) has a great trajectory of...

This regional bank beat analysts’ estimates by six cents last quarter, posting EPS of $0.78 per share.

SunTrust Banks, Inc. (STI)
from Positive Patterns

Florida and much of the South is showing a much better real estate market these days, and this helps SunTrust Banks, Inc. (STI). STI had its problems with Florida...

In the past couple of weeks, three brokerage firms have initiated coverage on this stock with the following ratings: Dougherty & Company (Buy); Wedbush (Outperform); and Wunderlich (Buy).

FireEye (FEYE)
from The National Investor

Few sectors have been as hot this year as have cyber security stocks. And FireEye (FEYE) has been leading...

This software company focuses on cyber-security and walloped earnings estimates last quarter.

Verint Systems (VRNT)
from The Periscope Report

Our top stock pick for 2015 is Verint Systems (VRNT), which creates “Actionable Intelligence” solutions that address three important challenges: Customer Engagement Optimization; Security Intelligence; and Fraud, Risk, and Compliance.

The software allows customers to...

The shares of this auto supplier were recently initiated at Gabelli & Co., with a “buy” rating.

Accuride (ACW)
from The Turnaround Letter

Our top pick for 2015 was Accuride (ACW), a maker of wheels and related components for trucks and other commercial vehicles.

The company continues to rebound, both financially and operationally. However,...

Shares of this recycler have been driven down by falling oil, but institutions have increased their shares at discounted prices in the past few months.

Vertex Energy (VTNR)
from BI Research

Vertex Energy (VTNR), a recycler of used motor oil into re-refined products, has reset its covenants with Goldman, one of which required...

This energy company is trading at a discount, thanks to low oil prices. Now at an attractive entry point, the shares also pay a high yield.


Conoco-Phillips (COP)
from Global Dividend Investor

Conoco-Phillips (COP) remains our favorite choice in the embattled energy sector, based on its attractive dividend yield, high-quality well-diversified assets and...

The shares of this cloud company were just initiated at MKM Partners with a “buy” rating and target of $90.

ServiceNow (NOW)
from Cabot Growth Investor

ServiceNow (NOW) looks a lot like the market so far this year: very choppy, with lots of ups and downs, though it has outperformed the market year-to-date....

This Top Pick beat earnings estimates by eight cents last quarter, posting EPS of $0.90 per share.

ICON (ICLR)
from Upside


ICON (ICLR), a contract research organization (CRO), has grown sales by at least 10% in 13 straight quarters, while operating profit margins have expanded in each of the past 11 quarters. The...

The shares of this Chinese e-commerce company were just initiated at Bernstein with an “outperform” rating and were upgraded by Goldman to “buy”. The company beat estimates by eight cents last quarter.

Alibaba (BABA)
from Cabot China & Emerging Markets Report

Alibaba (BABA) is my pick, partly because of the company’s position in...

Our contributor is trading in his January pick for a new stock, which has recently been endorsed by hedge fund manager Julian Robertson, who says he is “extremely positive” on the shares.

Sell: Fossil Group (FOSL)
from Cabot Benjamin Graham Value Investor

Fossil Group (FOSL) Results have been disappointing during the past couple...

A few Cabot Options Trader subscribers have asked me about ways to protect gains in their portfolios, so I thought I would write to everyone with a couple of strategies using options to hedge your portfolio.

A subscriber recently asked me if I keep a journal of my trades. Many traders keep journals so they can look back at their trades and evaluate what they did right and what they did wrong.

Want to know how the big institutional investors use options? Here is an example of how one trader spent $132 million on three technology stocks.

Options trading has its own vernacular. To know how to do it, you need to know what every options term means. Here are some of the basics.

Our Cabot Top Ten Trader’s market timing system consists of two parts—one based on the action of three select, growth-oriented market indexes, and the other based on the action of the fast-moving stocks Cabot Top Ten features.