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…

Energy

Oil_and_gas

The Energy Sector IYE reached a Supercycle Wave V high in 2008. 2014 represents a Wave B up of Cycle degree which should give rise to a Wave C down which has just started. The Oil&Gas Exploration and Production Index IEO also shows a similar pattern. The Energy weighting in the S&P500 at 2013 year-end…