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…

Financials

Wall Street

Looking at the severity of the selloff in the financial crisis of 2008, it is possible that the financial sector – represented here by IYG and BKX hit a Grandsupercycle (V) Top in 2007. Since then we have traced out (A) wave down with wave (C) to come. The real estate sector IYR also topped…