Ever since the Fitch credit downgrade of the United States a couple of weeks ago, we've seen a market pullback that's slowed the generally positive trajectory we've been on all year. Because I'm still anticipating that we're looking at the first stages of a long bull market, for me this represents the opportunity to go looking for dips to buy and lock in good companies at great prices that'll appreciate when things kick back into gear.
But there's another outlier I'm also watching - companies that seem immune to the market's flagging momentum and are continuing to ride higher. And there's one stock in particular that seems well-nigh unstoppable right now.
As of this writing, it's up over 212% year-to-date, and pretty much every time it's seemed like it was about to take a hit, it's pushed past and gone even higher. Now having joined the ranks of trillion-dollar market cap companies, it's continuing to fly high even as the market falters.
One reason for this is because of what analysts are anticipating when it reports earnings next Wednesday. Consensus estimates suggest that the company's EPS growth for last quarter could represent an astonishing 425% year-over-year increase. If they meet that, the stock will keep pushing higher. If they beat it? Hold onto your seats.
While normally I would wait for a dip on a stock like this and look for an ideal level to buy in at, on this rare occasion I'm going to tell you not to wait. I don't think this stock's coming back down anytime soon, and you don't want to miss out on the rocket ride it's on.
So check out this video for the ticker:
About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
The work he did laid the foundation for what would later become the VIX - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of Hyperdrive Portfolio, Shah presents his legion of subscribers with massive profit opportunities that result from paradigm shifts in the way we work, play, and live.
Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on Fox Business's Varney & Co.