Today’s 3 Best Stocks: Netflix, Inc. (NFLX), Staples, Inc. (SPLS), Walgreen Company (WAG)

Page 1 of 2

It wasn’t the kind of pop that optimists had hoped for, but better-than-expected U.S. retail sales figures proved enough to get the market back on the right track today.

U.S. retail sales came in up 1.1% from January, well ahead of the 0.5% gain that Wall Street had been looking for. Compounded with a better-than-expected jobs report, the economy is beginning to look like it’s turning around and would support this extensive rally. However, to play the other side of the coin, it is worth noting that both restaurant sales and home furnishings fell during this latest U.S. retail sales report — an uncanny sign of things to come, with payroll taxes taking a bite out of most people’s paychecks.

Netflix, Inc. (NASDAQ:NFLX)For the day, the broad-based S&P 500 (S&P Indices:.INX) finished higher by 2.04 points (0.13%) to close at 1,554.52.

Today’s biggest gainer was content-streaming kingpin Netflix, Inc. (NASDAQ:NFLX), which rose more than $10, or 5.6%, after announcing a U.S. sharing collaboration with Facebook Inc (NASDAQ:FB). The two companies already have a partnership internationally, whereby Netflix, Inc. (NASDAQ:NFLX) users can see what their friends have been watching. Netflix, Inc. (NASDAQ:NFLX) is now (finally) bringing that collaboration to the U.S. Obviously, this could be a positive for both parties as it drives cheap, friend-based advertising, increases time spent on Facebook, and should give both parties a better understanding of consumer viewing habits. However, my personal opinion of Netflix, Inc. (NASDAQ:NFLX) — that it is completely overvalued – remains unchanged by today’s news.

Following Netflix, Inc. (NASDAQ:NFLX) higher was office supply store Staples, Inc. (NASDAQ:SPLS), which roared higher by 4.3% after MacRumors posted an internal document from the company that would indicate it may begin carrying the iPhone, iPad, and Mac computer lines. Electronic items definitely don’t carry the margin they once did, but Apple Inc. (NASDAQ:AAPL) products have an allure by themselves that’s enough to draw traffic into a store. If Staples, Inc. (NASDAQ:SPLS) can capitalize on displaced customers from the Office Depot Inc (NYSE:ODP) buyout of OfficeMax Inc (NYSE:OMX), as well as work in better foot traffic from its new Apple products, this turnaround could be even more impressive than Best Buy Co., Inc. (NYSE:BBY)‘s has been lately.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!