My guess is this market runs higher for another month or so. They you'll see some selling into late June as Hedgies et al take profits before the end end of 2nd quarter. Broader market is up over 20%, have to book those gains some time.
We could be looking at $SPX 1700 before June 1st
When I hear targets like that I know the top is close. At least a short term top. I really dont think this market goes down more than 5-7% before it heads back up. Housing market on fire, employment improving, and corp profits still increasing. Bull market here to stay.
his economy doesn't deserve to see the market above 1450 or so
I agree. But it doesnt matter. We are in a very unique situation where bad news is good news (fed steps up bond/mbs buying) and where good news is really good news (fed still buying but economy getting better). The fed has the pedal to the metal and wont stop for at least 18-24 mos. The wealthy arent going to let their cash sit in a saving account earning .001%, that money has to go somewhere. Hence solid divi and growth stocks are the big winners. This trend will continue. Gonna be super interesting to see how the fed weans the market off this 0% high but until then stay long.
Obviously 500 stocks are a better representation than 30. My point being this rally is for real. Dow will be up 300 or close to it. S&P will be up 30+
Panic buying in full effect. Everyone who has defensive/on the fence now pouring in the sector leaders. Barrons ran a piece last weekended titled "Dow 16k"; looks like we might be getting there sooner than later.
If thats accurate then no reason to own this stock long term. Particularly with craft breweries popping up all over the country. Robust competition and greedy management; not a good combination.
Market will continue to trade higher. Bernake and company left the door open to INCREASING the 85B stimulus to 100B or more as needed. So barring some catastrophic event, like employment contracting or negative GDP; this market is headed higher, probably much higher.
They beat on the topline by about 5m. Missed bigtime on eps .51 actual vs .60 expected. Next quarter and full year guidance inline with previous estimates . Whats concerning is the core business declined. Was this just a onetime thing or a new trend? Stock is up more than 50% in last 6 mos. I think tomorrow she goes down and stays down. Support at 160, 150, and 130 at the 50, 100, 200 DMA. Lets see what happens.
lol...interesting analysis. You left out the part where depletion's in the core SAM labels were down for the qtr. There are hundreds of craft beers on the market and it looks like they are taking a slice out of SAM's pie. I didnt see the non-diluted EPS # but it sure sounds like the growth is slowing a bit. Shes definitely taking a hit tomorrow.
$44 even right now. Guess your 50 buck target gonna have to wait. D'OH!
Trailing 3 month page views are down 32% according to Alexa. The consumer is on the ropes, no money for photobooks!
Sentiment: Strong Sell
Have to be at least 5-6 dozen other craft beers at my local grocery store (Wegmans). At some point all these little guys will make a dent in SAM's market share. No way this thing deserves a 40 multiple. STRONG SELL.
You are calling people idiots but you listened to them. What does that make YOU? This stock is overbought; 30 p/e is a slowing economy, and their main attraction is overbreaded and oversauced wings. Sell.
Agreed. Adcance outpacing declines by 3 to 4 margin. 350 new highs, only 36 new lows. This market has room to run. Dow 15k soon.
Very good analysis. Whats most worrisome is that there is no exit strategy for this QE infinity. The prior injections always were always finite. This time around Bernake will print until the cows come home. This wont end well!
Bull is no means dead but could use a correction. Bernake is printing a trillion a year for 2.5% growth? Would have been less if there wasnt a drought. There is a slowdown coming in the 2nd half of the year and will be reflected in stock prices sooner than later.
Its gotta crack at some point. Hiring, consumer, govt, corporate spending, are all slowing. GDP grew at 1.5% if you backout the farm data. Effects from sequestration have yet to be realized. Even with Benny buying bonds with both hands this economy is barely advancing. Sooner rather the later the economic fundamentals will catch up to this market. And the blood on the street will be massive.
If you backout the farm data, the # falls to 1.5%. Benny buying bonds with both hands and it equates to a paltry percent and half growth. This is a house of cards if ever one existed.