Positive Action in the Leadership Stocks: AAPL, AMZN, MA, GMCR, RL, WFM, CMG, HANS

While the overall market has been whipsawing around for two months, we are seeing some divergences of late. Yesterday, even as the market was down sharply in the first half of the day, was a particularly good day for much of the leadership group stocks – much of the old momo group (sans Netflix) is back. Apple (AAPL) was an obvious standout as it hit a new all time high. (fun factoid – while GDP is not comparable to market cap, Apple’s market cap now is comparable to GDP of countries like Argentina, South Africa, and Austria).

While we remain in a student body left (or right) environment, we are seeing some stocks regain their ‘teflon’ action.

Some examples:

Apple (AAPL)

Amazon.com (AMZN)

Mastercard (MA)

Green Mountain Coffee Roasters (GMCR)

Polo Ralph Lauren (RL)

Whole Foods (WFM)

Chipotle Mexican Grill (CMG)

Hansen Natural (HANS)

Among others….

Also seeing a lot of relative strength in the auto aftermarket stocks ala Autozone (AZO) which was a big trend during the recession… and some perkiness in the Macau oriented casinos once more.

No positions

About Mark Hanna 543 Articles

Affiliation: Hanna Capital, LLC

Mark Hanna is President and Owner of Hanna Capital, LLC, a registered investment advisory firm. Mark has been a follower of markets since the late 80s, with a focus on individual equities since the mid 90s. He has been a well known commentator in the financial blogosphere for the past 5 years, following a career in corpoporate finance and accounting. Mark attended the University of Michigan where he graduated with a degree in Economics.

As an avid reader, Market Montage is the personal blogging site for Mark to share his views on economics, markets, and the like. Occasional cynicism and wit shall be deployed in his postings.

Follow Mark on Twitter @fundmyfund.

Visit: Market Montage

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