MarketWatch Quotes Cabot Market Letter's Advice

MarketWatch's Peter Brimelow writes that Cabot Market Letter is urging its subscribers to use caution until the clouds clear.

Excerpt from MarketWatch

Bulls on the move but lacking targets

By Peter Brimelow, MarketWatch 10/27/11

NEW YORK (MarketWatch) -- There are still bears, but top-performing letters are looking for buys.

[Dennis Slothower of Stealth Stocks Daily Alert has written that the market signs are gins are still mixed and caution is warranted.]

Which is strikingly similar to another service with a strong record, the Cabot Market Letter. (See Sept. 29 column)

Cabot is happy that its indicators have turned bullish, but writes:

“From a bottoms-up stock-picking perspective, the picture is far cloudier. The rally of the past three weeks has been led by the ‘off-the-bottom’ stocks and sectors—groups like the financials, the transports, the semiconductors and the commodities that lost 30% to 40% during the past few months, and even now are still well off their old peaks. Growth stocks that are near new highs, however, have lagged; most stocks poking their head up have been met with selling.”

Cabot dislikes “off-the-bottom stocks” because “they’re likely to meet stiff resistance in the relatively near future as all the shareholders that bought at higher prices look to unload shares.”

Cabot has just downgraded Inc. (AMZN) to a “hold."

Link to the entire article on MarketWatch

Stock Picks


This stock could rise 50% before becoming fairly valued.

This hot technology company is growing like a weed, thanks to products that speed up cloud communications.

This stock is somewhat well known, but far from well loved.

Cabot Wealth Advisory

Which Is the More Undervalued Stock: Netflix or Priceline?

By J. Royden Ward on October 27, 2016

We know that Netflix and Priceline are strong growth stocks. But which is the more undervalued stock? Here’s a tale of the tape.Read More >

Targeting Upside in PayPal Stock

By Jacob Mintz on October 25, 2016

PayPal stock is trending higher after last week’s strong earnings report, with plenty of upside. Here’s how options traders can take advantage of that potential.Read More >

Nine Characteristics of Great Growth Stocks

By Timothy Lutts on October 24, 2016

Recommending great growth stocks is our specialty at Cabot. But so is education--we want you to be able to find growth stocks on your own too. Here are nine characteristics of what to look for.Read More >