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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!