Invisible Hand at Work
Priceline.com (PCLN) held true to its trend. Well, at least initially, it has performed in line with past February reactions to earnings. The company is up there with other names like Chipotle Mexican Grill (CMG), Lululemon (LULU), Ulta Salon (ULTA), and MercadoLibre (MELI) that just seem bulletproof in this market.
In all fairness to PCLN, results and guidance were both strong. But this move is still being scoffed by some and wondered about by others. It is just part of the trend. I had my doubts. It is hard not to with these bulletproof stocks, but the trend is the trend. One thing to tuck away in the back of your mind is the May quarter has been the quarter that is tough on PCLN bulls. The stock has faltered after earnings the past two reports, but tuck it away because it is still several months away....211 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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