2 retailers to buy before earnings
Both of these online merchants are seeing booming sales, but buy them before April 22!
The recent economic indicators prove that the American consumer is not dead. Most recently, last week a +9.1% jump in same-store sales for retail stocks fueled optimism on Wall Street.
But what will really knock investors' socks off going forward are strong sales manifesting in the upcoming Q1 earnings reports from major retail stocks.
To get you in to the best stocks ahead of their earnings reports, here are my top two online retail stocks that I think you should purchase before their quarterly reports.
These two stocks are Amazon.com (AMZN) and Priceline.com (PCLN).
Amazon.com started as Earth's biggest bookstore, but has rapidly become the planet's biggest anything store. Relentless expansion has propelled Amazon.com in countless directions in the quest of bigger sales and profits. The company's main Web site offers anything from books to auto parts to groceries! Shoppers can also download digital content such as games, MP3s and movies to their computers or handheld devices–including Amazon's innovative portable reader, the Kindle. Amazon’s fourth-quarter earnings leaped by over 70% thanks to strong holiday sales, and I expect another great performance when Amazon reports earnings on April 22.
Disclosure: As of this writing, Louis Navellier owned shares of both AMZN and PCLN in personal or client portfolios.
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