Superstars of the 2009 – 2014 bull market

Superstar

Consumer Borgwarner – BWA: Autoparts: Fuel economy standards and improved emission drives growth. P/E (12/14E) – 17.7x Footlocker – FL: Athletic Apparel: Fitness theme. P/E (12/14E) – 15.0x Fossil – FOSL: Watches & Lifestyle. Collection of different brands eg. A/X, Diesel, DKNY, Adidas. 44% of US Market. Growth of Fossil outstrips that of industry. P/E…

Utilities

Pylons

The Utility sector hit a Wave V Supercycle peak in 2008. 2014 is a Cycle B Wave that has topped. Cycle C Wave is to come. The Utilities weighting in the S&P500 at 2013 year-end is 2.9%. The Utility stocks themselves are quite mixed. There are many stocks that follow the pattern of the index…