If there is anyone under 30 in your household just ask them about Skechers USA -- SKX. This company has captured the hearts and minds of the youth of America and should catch your interest too. They make shoes that kids (and the young at heart) want. They market through Nordstrom, Macy's, Dillard's, J C Penny and Foot Locker. Just look at any sales circular in the newspaper and you will see ads for their product.
Analysts like this stock too. There are 4 analyst following this stock and they continue to increase the earnings expectations for this company with all 4 upgrading the estimate in the last 30 days. This years estimate of 49 cents goes up top $1.11 for next year, better than double!
BarChart likes SKX too with all 13 technical indicators giving a 100% BUY. Hitting 16 new highs in the last 20 trading sessions shows momentum you can appreciate. The last 65 day have seen an 84% price appreciation.
Recommendation: BUY SKX around 25 with a protective stop loss at 20.
Jim Van Meerten blogs about financial matters here and on Financial Tides. Pleased comment below or email to FinancialTides@gmail.com
Disclosure: I hold no position in SKX at the time of publication
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