Top Stock # 5 –
If you want to know why I like Priceline.com (PCLN) so much, consider that shares of this stock leaped by almost 10% the day after its latest earnings report. On February 17, the company reported that its quarterly profit more than doubled and sales grew 33% thanks to a rebound in consumer sentiment.
The real power of Priceline lies in the company’s “name your own price” model. Because the online travel site allows users to haggle on airfares and hotels, it is a huge resource for businesses and vacationers looking to save a few bucks on their trips. I expect big things from PCLN as we enter the summer travel season, so load up on this stock now.
Priceline.com is a strong buy.
Top 5 Stocks for March
Article printed from InvestorPlace Media, http://investorplace.com/2010/02/top-rated-stocks-for-march-f-pcln-bidu-abv-ctsh/.
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