I like the Intuit product mix
Both the youth market and boomers are using on-line financial software
Intuit Inc. ( INTU ) is trying to show you how easy it is to do all your finances including tax filings on-line. The products are marketed to the public and many of the products can be purchased and downloaded directly on-line. Demographics are in their favor because the youthful markets are used to doing things on line and the boomers are finding that doing tax filings using on-line software isn't really that hard. They enjoy not only the privacy ( they like to play their finances close to the vest ) but also like the math and fact check features that are built into the software.
Price momentum in this stock has been very good lately with a 7.48% increase this past month. The stock hit 12 new highs in the last 20 trading sessions and on Barchart all 13 technical indicators signal a buy for a 100% buy rating.
Wall Street analysts are looking for increased earnings of 5.80% this year and 8.20% next year. Their projections of earnings per share increases get my attention. They estimate an EPS increase of 11.00% this year, 11.40% next year and a 5 year annual compounded EPS increase of 13.83%. I like this for a long term pick.
Over on Motley Fool the CAPS members think the stock will beat the market by a vote of 441 to 30 and if that's not a good enough investor sentiment indicator for you the All Stars vote 156 to 9 to beat the market.
I'm adding this stock to my Wall Street Survivor portfolio because:
- I like the current price momentum and the 100% Barchart technical buy call
- The product line is one that the public likes and should continue to buy year after year
- Wall Street has 10 buy and 9 hold reports published so at least I know their firms are still pumping up interest
- Investor sentiment is very high so new purchases of share are likely
Disclosure: I own no shares at the time of publication
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The Chinese e-commerce website's transaction volume dwarfs that of eBay and Amazon.com, but the company's size could be its worst enemy.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.