Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
As the market continues to grind higher, a lot of the leadership of first half 2012 is being blown up one by one during this earnings season. It is quite interesting to see the “whose who” of growth stocks take it on the chin one after the other – last night Monster Beverage was down as much as 20% after hours but has come back this morning to “only” be down 8%ish. But even before last evening it has not participated in the rebound from early June.
Here are some examples of the “go to” stocks of the first part of this year and really the past few years that have crushed growth investors the past month. Of course I am not including stocks like Facebook (FB) which never got off the ground or an Apple (AAPL) which had a rare earnings miss but has since recovered.
Just yesterday Priceline.com (PCLN) imploded:
Chipotle Mexican Grill (CMG) not only got crushed but it took a lot of the “growthy” consumer discretionary stocks down with it a few weeks back.
Coinstar (CSTR)
lululemon (LULU) has now disappointed twice in the past year
TripAdvisor (TRIP)
Starbucks (SBUX)
Buffalo Wild Wings (BWLD)
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Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
