This Looking at You Crox
Update – Good thing I got out after a 1 point loss. Yikes.
This will basically be a hit or miss week. Many retail stocks are coming out with earnings this week, and it will be interesting to see how the market takes all the news, especially with big name Walmart to set off the week with earnings at mid-day.
The one stock that has caught my fancy is Crocs (CROX). The stock has taken a huge beating. Nearly 50% off its high from back in October. Many stocks that I have picked based on the beating they have taken have worked out pretty well (eg. CAT).
After spitting out somewhat disappointing numbers back in October, investors will be interested to see what CROX has to say this time. The company is known for usually knocking the reports out of the ballpark. I personally am getting into the stock (33.85-ish) before they report after the market closes Tuesday. That is probably when the biggest jump will occur (if it happens). If the reports are good, then I will look to possibly hold it long.
Filed Under: Stock Recommendations
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Plastic shoes are the last thing to consumers want when they get pinched. And doesn’t plastics come from petroleum? Demand destruction + increased cost + bubble stock = downside risk.