Go Big By Going Small: 5 Small Cap Stocks to Buy Now
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Top Stock #2 –
Priceline.com (PCLN)Priceline.com (PCLN) continues to thrive as shoppers take to the Internet to name their own price. In the case of airline tickets and hotel reservations, Priceline.com keeps the difference between the price paid by the individual and what Priceline.com paid for the ticket or hotel room. You may not think that travel spending is very high right now, but the bottom line is that value-conscious consumers really love Priceline’s ability to “haggle” on prices. This has allowed the website to become an oasis for cash-strapped consumers, and I expect continued growth in the weeks ahead.
The numbers show how great PCLN is doing right now. The company announced that its third-quarter earnings rose 98.3% to $3.45 per share compared with $1.74 per share in the same quarter a year ago. During the same period, Priceline.com’s sales rose 30% to $730.7 million, and the company cites an “exceptionally strong” summer travel season as consumers took advantage of its travel bargains. The analyst community expected third-quarter earnings of $2.92 per share, so the company posted an 18.2% earnings surprise. Looking forward, Priceline.com expects full-year earnings of $1.52 to $1.62 per share, which is better than analysts’ consensus estimate of $1.49 per share.
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