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…

Consumer Goods

friends shopping

US Consumer stocks have reached a Supercycle V top in 2014. Cycle wave A down is to come. The Consumer Goods weighting in the S&P500 at 2013 year-end is 9.8%. The patterns of the individual stocks within the IYK sector is a bit mixed. For some stocks 2014 is the Wave V Supercycle top whereas…