We analyzed recommedations by 13 major research firms and created a Top 100 stock list.
AAPL, SIRO, EZPW, COH, and ORCL are the top 5 stocks in that list.
We like COH, especially after the latest 3.7% jump in the ICSC-Goldman's same-store sales index jump for store sales rate. It is a positive build up as easter arrives. In the last reading, this index has the biggest weakly gain in 9 years!
COH has some great fundamentals too, net profit margin of 22% and a very low debt equity ratio. COH is also expected to earn 2.15 for current year, compared to 1.91 last year. P/E for the stock is also reasonable at 20.16. COH is also expanding internationally, and we believe as high end customer base grows world-wide, COH will continue to gain market share.
In our analysis, 9 of 13 brokers have rated this stock as a buy.
From a technical analysis perspective, COH just cleared a major resistance at $37 (Fibonacci 61.8% level). The stock is already at a 52 week high and we expect the stock to reach $44 (Fibonacci 78% level), which looks to be the next best resistance. Note: COH made a 5 yr high in April 2007 and bottomed out in exactly 2 years.
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