How to Handle Growth-Stock Selloffs
They are killing the high-multiple stocks. They are slaughtering Chipotle Mexican Grill (CMG) off that Credit Suisse downgrade. They are crushing Netflix (NFLX) off that slower-than-expected domestic growth. They've come for Herbalife (HLF), for Ralph Lauren (RL) and for F5 Networks (FFIV) and Salesforce.com (CRM). Look at that swoon in lululemon athletica (LULU) and Under Armour (UA).
Some say this is because people want to clear the decks to buy Facebook. Others are saying it is in sympathy with Apple (AAPL) and Coach (COH)....389 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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.
