Major Indexes Down; Fun Stocks Index Up – Sets Another Record
Fun Stocks Index Gains 645.90% in 4+years; Up 2.58% Year-To-Date
After gaining a record 76.44% in 2013, the Fun Stocks Index of 15 high growth companies created by Jim Tso on January 1, 2009, reached another record high (up 645.90% for 4+ years) on Friday, February 7, 2014. While the overall U.S. stock market for this year has been trapped in negative territory (S&P 500/SPY down 2.71%, Dow Jones/DIA down 4.64%, NASDAQ/QQQ down 0.75%), the Fun Stocks Index seems to have broken out of the general stock market malaise and back onto a rising trend.
The 15 companies, which include Netflix (NFLX), Priceline (PCLN), Disney (DIS), American Express (AXP), Expedia (EXPE), and 10 others, are reporting excellent profits and forecasting continued strong business growth for 2014. This reflects the strong consumer discretionary spending that drives the profitability of these companies.
While it will be tough to match the 76.44% gains for the Fun Stocks Index in 2013, investors could look to these companies to produce positive results for 2014. You can create your own Fun Stocks Portfolio by following the steps provided here.
In addition to the Fun Stocks Index, Jim Tso is also developing a “Best Travel Stocks” portfolio which he will share with subscribers of his Invest Better Spend Smarter (IBSS) blog. Be sure to sign up for a free subscription to stay on top of these exciting developments.
Your IBSS Team
Special Stock Market Report – February 10, 2014