Today’s Daily Alert features a strong growth stock from the Cabot Market Letter.
“LinkedIn Corp. (LNKD, $123) is playing in the $27 billion market for personnel recruiting tools, so despite its rapid growth in recent years, it’s only scratching the surface of its potential; even at a price tag of $8,000 per year per recruiter, demand remains huge for this company’s offerings.
“The stock is finally kicking into gear, surging into new-high ground last week before pulling in a bit. There’s still some resistance to chew through around these levels, but after a 17-week consolidation, the buyers are back in control. LNKD can be bought here, with a stop in the 105 area.”
- Michael Cintolo, Cabot Market Letter, September 19, 2012