Welcome to High-Multiple Heaven

 | Jun 07, 2013 | 3:52 PM EDT  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

goog

,

sbux

,

lulu

,

amzn

,

fdx

,

vra

,

fran

,

asna

,

gps

High multiple heaven! It is incredible how the growth guys only like to buy when the stocks are flying. Nothing new there. But look at the moves in Google (GOOG), Starbucks (SBUX), lululemon athletica (LULU)and Amazon (AMZN). They are breathtaking.

Away from those, you have to be stunned by the transports. FedEx (FDX) is indeed going all the way back to where it was when it disappointed. The rails are up despite Raymond James going all dire on coal.

Shrugging off Vera Bradley (VRA), Francesca's (FRAN) and Ascena (ASNA) and embracing Gap (GPS), the retailers are on fire. Frankly, it's all a little ridiculous.

But you have to admit that it is incredible. It's as if the technical damage didn't matter and all that had to happen was that a palatable number be printed. It was and that was enough.

Columnist Conversations

Fact: Contrary to what many think, the vast majority of options do not expire worthless. The facts are as foll...
Lang:
As the SPX 500 has put on over 120 handles from the low Wednesday there is a marked changed in the term struct...
As the reports that the ECB is considering buying corporate bonds increase, a report into high-yield bonds sho...
Impressive and very broad based rally as tone has changed in market since middle of last week. Airlines conti...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

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.