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…

Basic Materials

Copper mine

The Basic Material stocks have completed a Supercycle Top V, and Cycle Wave B up from 2009 – 2014 has just completed. The Gold/Sector XAU ($181bn) peaked later in 2011 but since then has also come off dramatically. Cycle Wave C down is to come for both indices. The Basic Materials weighting in the S&P500…