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…

The Small Caps

Small cap baby

In Apr 2014 the Russell 2000 finished hit it’s Supercycle Wave V Top. In terms of composition the Russell 2000 has a total market cap of around $2tr and consists mainly of small cap stocks, so is a lot more volatile than the Dow Industrials and S&P500. The largest market cap of a company in…