The Motley Fool's 10% Promise team was back at it again this week, reporting on all the crazy moves in the market. Earnings dominated our articles, but possible acquisitions, a new fashion trend, and a beaten-down stock caught my eye.
Just buy something already
I'm not sure if either of these deals will go through, but I'm hoping it's a sign some of the cash on corporate balance sheets will be put to work this summer. The market could use the boost.
Not all fashion is created equal
I don't know much about fashion, but I know that retailers that rely on fickle customers to buy their clothes can go in and out of style very quickly. Both Guess? and Aeropostale have gone out of fashion recently, but Fossil
Companies in this market usually make me nervous, but Fossil has a less risky set of products with watches and sunglasses. Plus, it beat expectations so soundly analysts are likely to increase future estimates soon.
It may be time to pounce on Ebix
I've had my eye on Ebix
In the first quarter, revenue grew 27% to $40.1 million, diluted earnings per share rose 16% to $0.37, and the stock's forward P/E ratio is just 14 based on 2011 expectations. The company has consistently exceeded analyst expectations.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
The Fool owns shares of Aeropostale, Apple, Ebix, Guess?, Hertz Global Holdings, and Microsoft. Motley Fool newsletter services have recommended Apple, Nuance Communications, Ebix, Fossil, and Microsoft, as well as a covered call spread position on Guess?, a bull call spread position in Apple, and a diagonal call position in Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.