Friday, November 24, 2006
Sector Spotlight: Online Retail
After I stuff my face with a sufficient amount of candied yams, I will likely take the family over to the local mall for some early Christmas shopping.
From a stock perspective, I don't like the retailers. I feel the expectations are way too high and there is a good chance the sector may selloff. However, I am bullish on the online retailers, like AMZN and EBAY.
Aside from AMZN and EBAY, who else stands to benefit from the great spender?
The following e-commerce stocks are on my radar:
EBAY, AMZN, OSTK, REDE, NILE, BFLY, SNCR, ICCA, APTM, GMKT (S. Korean), LQDT and IGLD.
Sorry for the long note, I really appreciate your site, and TIA for any type of reply you give me.
If I was forced to pick a traditional retailer, I'd say go long ANF or JCG-- both companies are on fire.
As for valuation:
AMZN is expensive. But, then again-- so is the market. Again, everything reverts back to the asshole dip buyer.
Just in case you missed the comments from Sandisk CEO today:
From the CEO of Sandisk:
Big business in digital cameras expected too. Which is good news for companies like flash memory maker Sandisk.
"The last quarter, third quarter, was a record for us, and this is going to be 50 to 60 percent higher, so definitely expect this to be a strong quarter," said Ed Harrari, CEO of SanDisk.
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