Bull’s Eye Report: Shutterfly (SFLY)

by Dave Moenning | October 3, 2013 4:03 pm

At StateoftheMarkets.com[1], we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

Company Symbol Industry Stock Rating YTD% Gain S.T. Stop Loss
Shutterfly SFLY Internet Retail 9.9 +89.05% $54.51

Why We Like The Stock:

Shutterfly (SFLY[2]) is our most compelling buy today due to the fact that it is a top-rated stock (in terms of earnings strength and company/industry performance) with a strong technical set-up. We’ve been saying it all year – Internet Retail is the place to be in 2013. We could go on and on about the performance in stocks like Netflix (NFLX[3]), Groupon (GRPN[4]), TripAdvisor (TRIP[5]), Priceline.com (PCLN[6]), and Amazon.com (AMZN[7]) this year. However, these are all high-flyers and aren’t good “buys” at current prices. So, let’s turn our focus to SFLY, which offers a nice blend of intermediate- and short-term strength. SFLY has been trending higher since December of 2012, really taking off through he first half of 2013. After a brief pullback in late-August, SFLY rebounded quickly before consolidating down to current prices. The stock is now sitting just above its 50-day moving average, and has held up extremely well through the recent misery in the S&P 500 and DJIA. We like SFLY at current prices for a run back to $60, which it briefly hit for two sessions at the beginning of August.

We Would Be Buyers:

At the current price (~$56.64), or on a pullback to the 50-day moving average ($55.31).

Looking to trade the Bull’s Eye stock picks? Click here to download our free Special Report, “How We Identify Our “Bull’s Eye” Picks & How You Can Profit Trading Them”

Company Profile:

SunEdison Inc, formerly MEMC Electronic Materials, Inc is engaged in the development, manufacture and sale of silicon wafers. The Company is a developer and seller of photovoltaic energy solutions. Through Solar Materials and Solar Energy (SunEdison), it is a developer of solar energy projects. The Company operates in two segments: semiconductor materials and solar energy. The Company’s Solar Energy segment includes the operations of its old Solar Materials segment, as well as its SunEdison business. In the Semiconductor Materials, the Company offers wafers with a variety of features. The Company’s wafers vary in size, surface features, composition, purity levels, crystal properties and electrical properties. Effective July 30, 2013, Sunedison Inc acquired EchoFirst Inc.

Stock Rating: 9.9

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

Shutterfly – Last Three Months

sfly 1 Bull's Eye Report: Shutterfly (SFLY)[8]

Shutterfly – Last 12 Months

sfly 2 Bull's Eye Report: Shutterfly (SFLY)[9]

Shutterfly – Last Five Years

sfly 3 Bull's Eye Report: Shutterfly (SFLY)[10]

Looking to trade the Bull’s Eye stock picks? Click here to download our free Special Report, “How We Identify Our “Bull’s Eye” Picks & How You Can Profit Trading Them”[11]
At the time of publication the editor and affiliated companies own the following positions: None

Note: Positions may be bought or sold while this publication is in circulation without notice.

 

Endnotes:
  1. StateoftheMarkets.com: http://www.StateoftheMarkets.com
  2. SFLY: http://studio-5.financialcontent.com/investplace/quote?Symbol=SFLY
  3. NFLX: http://studio-5.financialcontent.com/investplace/quote?Symbol=NFLX
  4. GRPN: http://studio-5.financialcontent.com/investplace/quote?Symbol=GRPN
  5. TRIP: http://studio-5.financialcontent.com/investplace/quote?Symbol=TRIP
  6. PCLN: http://studio-5.financialcontent.com/investplace/quote?Symbol=PCLN
  7. AMZN: http://studio-5.financialcontent.com/investplace/quote?Symbol=AMZN
  8. [Image]: http://investorplace.com/wp-content/uploads/2013/10/sfly-1.png
  9. [Image]: http://investorplace.com/wp-content/uploads/2013/10/sfly-2.png
  10. [Image]: http://investorplace.com/wp-content/uploads/2013/10/sfly-3.png
  11. Looking to trade the Bull’s Eye stock picks? Click here to download our free Special Report, “How We Identify Our “Bull’s Eye” Picks & How You Can Profit Trading Them”: http://stateofthemarkets.com/wp-content/uploads/2013/08/Top5SpecialReport.pdf

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