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Adobe Running Well -- But Should You Chase?


There may be better opportunities.

Fossil (FOSL):
Justin Sharon points out in his article this morning that Jesup & Lamont slapped a Buy rating on the company. I guess it figures it will keep on ticking.

I think it's okay here, but I intend to keep it in the back of my mind that the stock has already had a heck of a sweet run and the company trades at about 16.8 times this year's estimate, which isn't something Ben Graham probably would have wrestled me over.

In short, I'd much rather slap this one on my wrist on a pullback. That said, I do think it's got a shot of beating estimates in the December quarter.

AMR Corp (AMR)/UAL Corp (UAUA)
Justin Sharon also points out this morning in Upgrades & Downgrades: Airlines Take Flight, that "Morgan Stanley moves the airline space to Attractive on an improving industry risk/reward profile as liquidity concerns abate in coming quarters. AMR Corp and UAL Corp (each now Overweight from Equal-Weight) are among the opinion changes."

I wouldn't touch these guys with a 50-foot pole. The way I see it, fuel prices are still way too elevated, and the larger economy is still in a fragile state. Additionally, I don't think vacations to Bora Bora are on the agenda for too many of us this holiday season, so I'm failing to see the upside.

Have a great day! Only two more days until Festivus!

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No positions in stocks mentioned.

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