At StateoftheMarkets.com, 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|
|OpenTable Inc||OPEN||Internet Software & Services||8.8||+26.72%||$63.30|
Why We Like The Stock:
OpenTable (OPEN) 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 positive technical set-up. Internet software and services stocks have looked rather attractive lately, as seen in outperformers like j2 Global (JCOM), Dealertrack Technologies (TRAK), WebMD Health (WBMD), and OPEN. OPEN sports a solid intermediate-term uptrend, but also has short-term momentum to the upside. The stock hit highs just north of $70 back in mid-May, and with support around $63.40 and positively trending moving averages guiding the way, OPEN looks poised to spike higher. We like OPEN at current prices and would be buyers today.
We Would Be Buyers:
At the current price (~$66.95).
OpenTable provides solution that forms an online network connecting reservation-taking restaurants and people who dine at those restaurants. Its solutions include its electronic reservation book (ERB) and and OpenTable Connect (Connect). Its solutions for diners include www.opentable.com, its restaurant reservation website, as well as a range of mobile applications. The OpenTable network includes approximately 20,000 OpenTable restaurant customers spanning all 50 states, as well as select markets outside of the United States.
Stock Rating: 8.8
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.
OpenTable – Last Three Months
OpenTable – Last 12 Months
OpenTable – Last Five Years
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.