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…

Industrials

CAT 336E LH

For the Industrials 2014 marks a Supercycle Wave V Top. The Industrials weighting in the S&P500 at 2013 year-end is 10.9%. Most industrial stocks exhibit patterns in line with that of the sector IYJ. UTX ($107bn), BA ($93bn), MMM ($90bn), HON ($72bn), CAT ($65bn), LMT ($52bn) One of the notable exceptions is GE ($268bn) that…