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.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.