In the service industry, I believe that there are a few stocks that are presenting very strong opportunities. With that said, below are my favorites in service and why you should be watching these stocks…
Netflix Continues Declining On Icahn Announcement
Netflix, Inc. (NASDAQ: NFLX)
Netflix had a great run on Wednesday after announcing that the company would be performing a 7-1 stock split; meaning that if you own 1 share now, you will own 7 shares of the company after the split. This caused big gains. However, yesterday, billionaire Carl Icahn announced in a Twitter post that he had sold the remaining shares he had in the company; stating that Apple currently provides a better opportunity. While I agree with Icahn, I think it’s important not to discount the opportunity that Netflix provides; and thanks to the declines we saw yesterday and today, the stock is even more appealing. That’s because after the split, more investors will have access to the new, lower priced shares. This will likely cause the stock to gain in value as demand for shares increases. So, with regard to Netflix, it may be time to start looking for support as this one is likely to see pretty big gains relatively soon!
Amazon Web Services Is Getting Quite A Bit Of Attention
Amazon.com, Inc. (NASDAQ: AMZN)
Amazon is another stock that’s well worth watching closely. While I started to lose my faith in the stock last year, this year has been great; and is likely to get better. A few months ago, AMZN gave us a look into the details of Amazon Web Service, a cloud service offered by the company. At the time, AWS had already grown to be a $5 billion per year business; and margins are great since overhead on the service is incredibly low. As a result, their stock has been on a steep uptrend for quite some time now; leading analysts like Axiom to weigh in with upgraded ratings. With that said, I’m expecting AWS to continue to drive AMZN higher. So, if you’re looking for an opportunity for gains, this may just be what you’re looking for.
Walt Disney Stock Continues An Uptrend That’s Not Likely To Reverse
Walt Disney Co (NYSE: DIS)
Walt Disney stock is definitely one for the longs. The reality is that since its entrance in the market in 1978, we’ve seen uptrends leading to more uptrends; with the only major declines happening around poor economic times. With that said, if you’re looking for a solid long term investment, DIS is a very strong option. All you’ll need to do is look for the occasional pull back for your opportunity to get in on the gains!
BlackBerry Stock Is Likely To See A Trend Reversal
BlackBerry Ltd (NASDAQ: BBRY)
BlackBerry has had a rough time in the market recently. For more than a month, its stock price has been rolling down the hill. However, I think that this trend is likely to see a reversal relatively soon. BlackBerry announced today that it is planning a 12 million share buy back program. The goal here is to offset share dilution from employee stock plans. Ultimately, the buy back will make supply of BBRY shares fall; hopefully leading to an increase in demand and it’s price per share. So, this is another stock to watch closely for dips and buying ops as gains seem to be just around the corner.
Do You Know Of Any Others?
Are you watching any stocks in the service sector that are presenting strong opportunities? If so, let us know what they are in the comments below!