Meet the New 'Four Horsemen'

 | Jan 11, 2014 | 12:30 PM EST
  • Comment
  • Print Print
  • Print
Stock quotes in this article:
















Every strong market has a few highly liquid momentum names that tend to act as leaders. This summer I wrote about Tesla (TSLA), Netflix (NFLX), Facebook (FB) and LinkedIn (LNKD). All four stocks ran up very strongly but they eventually corrected and momentum money moved elsewhere. Of the four, Facebook probably remains the most interesting, but none are the leaders they once were.

While skeptics will tell us that this bull run is a bit long in the tooth, I believe it's still a good idea to identify what stocks are serving as leaders. Being leaders doesn't necessarily make them good buys, but they do give us insight into overall market. When these stocks stop outperforming, the likelihood is that the broader market will also start to struggle.

The new Four Horsemen are:

YY Inc. (YY) is a Chinese social media play.

Canadian Solar (CSIQ) is a leading manufacturer of solar cells and modules.

Yelp (YELP) is an online platform that allows users to find and review local businesses.

Jazz Pharmaceuticals (JAZZ) develops drugs used for the treatment of narcolepsy, cancer, pain and neurological ailments.

None of these stocks present easy entry right now, but they are excellent trading vehicles that should provide insight into the health of the overall market.

Columnist Conversations

volatility is quite low here, and we could see some downsides here in the short term. ...



News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.