5 Rocket Stocks Worth Buying This Week
An ambitious sales strategy in mainland China, where EXPE has an ownership stake in popular travel sales sites, looks like a good way to boost that international exposure in 2012. Here again, we're looking at a momentum name in Expedia -- this stock isn't cheap, but it's been rallying hard this year.
With analyst sentiment on the upswing, we're betting on shares.
As of the most recently reported quarter, Expedia was one of Greenlight Capital's holdings. Nike
Last up on this week's Rocket Stocks list is Nike(NKE) , the standard bearer in the sports apparel and footwear businesses. Nike sells to retailers in more than 170 countries -- and direct to consumers through its more than 700 company-owned retail stores. Size matters a whole lot more for a firm like Nike than it does for the likes of Expedia, in this case giving the firm massive pricing power over key customers.
The sports apparel business is extremely competitive, with scores of brands vying for Nike's success. In order to stave off rivals like Under Armour (UA) and cling onto its brand cachet, Nike needs to continue innovating like smaller, more nimble firms. Bigger-ticket products like Nike+ should keep consumers in saturated markets like the west flowing in.