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.