by Alyssa Oursler | June 26, 2013 8:08 am
Netflix (NFLX) — which is up more than 200% in the past 12 months and 130% year-to-date in 2013 — was stuck with an “underperform” rating from Bernstein Research this week on the grounds that the stock’s rally simply isn’t sustainable. InvestorPlace Editor Jeff Reeves still thinks NFLX makes a good near-term pick, though.
Analysts had better news for beverage giant Coca-Cola (KO) this week as two new price targets predict around 20% upside for the stock. KO has slightly lagged the broader market so far this year with gains just under 10%.
Cruise operator Carnival Corp. (CCL) is getting a new CEO. Micky Arison stepped down yesterday and will be replaced by long-time board member Arnold Donald. The company also posted a profit of $41 million in the most recent quarter — nearly triple what it earned in the year-ago period — thanks in part to lower fuel prices.
Men’s Wearhouse (MW) recently fired founder and executive chairman George Zimmer — you know, the guy in the commerials — but now sources are saying Zimmer apparently is mulling a comeback at his company.
Technology giant Oracle (ORCL) has been busy making deals this week, announcing a nine-year plan to merge cloud platforms with rival Salesforce.com (CRM) yesterday and a partnership with Microsoft (MSFT) on Monday.
Last but not least, Neiman Marcus has filed for an IPO. The century-old department store plans to raise up to $100 million from the offering. IPO expert Tom Taulli says not to expect the luxury offering to be the next Michael Kors (KORS), though.
Check out past “6 Stocks in 60 Seconds” clips here.
For more videos — including exclusive access to full-length interviews and early access to weekly updates — like us on Facebook or follow us on Twitter. As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities. Follow her on Twitter: @alyssaoursler.
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