Top Stocks in 2014
Update - Since my last post, Restoration Hardware (RH) rallied from $63-$75 so obviously I like it a lot less now. Tesla (TSLA) has now dropped into my buy zone, see my comments below.
Tesla (TSLA) - Tesla (TSLA) stock has dropped from $195 to $120 on straight up panic. Momentum works both ways, up and down. TSLA is a strong buy below $120 for the long term and I currently have a $170 price target on the shares for 2014. TSLA is now my top stock pick for 2014.
Yelp (YELP) - Right now I currently have a $105 price target for Yelp stock in 2014. Yelp should break out to a new high above when that stock breaks $71.89 and I think YELP is set to rise by 70% to at least $105 by the end of 2014. If the company turns profitable earlier, we could see the stock more than double. Keep YELP on your radar in 2014. YELP is a top mobile stock and top internet stock.
Noodles & Company (NDLS) - Right now NDLS is trading around $38 per share. I see massive growth ahead for this company and the stock hitting $60-$65 in 2014. Expect 40-45 new restaurant openings during the year.
Restoration Hardware (RH) - Restoration Hardware (RH) recently rallied from $62 to $75 so I like it a lot less. Buy RH on a pullback below $60 in 2014.
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