Stocks started out strong today, we even cracked 1,090 again for the S&P 500, but we’re now back in the red.
Many of my favorite stocks are at or near new 52-week highs today. Amazon.com (AMZN) continues its incredible surge since its earnings report. The stock jumped nearly 27% on Friday thanks to blow-out earnings. For the third quarter, Amazon earned 45 cents a share compared with 33 cents expected by analysts and 27 cents earned last year. I rate the stock a buy in my Blue Chip Growth service and the shares are up again today.
In my Emerging Growth service, Ebix (EBIX) made another fresh 52-week high today. The shares are up over 270% in just seven months. The stock continues to be a strong buy.
And finally, Diedrich Coffee (DDRX) is up again today. Since I recommended it in last month’s Emerging Growth issue, the stock is up by more than 40%.