Stockchase Opinions

Michael Bowman PowerShares Dynamic Leisure & Entertainment ETF PEJ-N PAST TOP PICK Aug 14, 2013

(A Top Pick September 21/12. Up 32.6%.) Entertainment, hotels, casinos, Carnival Cruise Lines, etc. Expect this will go higher.

$30.420

Stock price when the opinion was issued

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TOP PICK

Has outperformed the S&P 500. No yield on it but with his bullish scenario he is also looking at the baby boomers that are going to continue working and have lots of disposable income.

PAST TOP PICK

(A Top Pick July 17/12 (BNN showed Sept 28/12 in error.-Bill) Up 3.94% but I show Up 3.8%.) Normally they do very well in the summer but this is one didn’t do that much.

PAST TOP PICK

(Top Pick Sept 21/12, Up 8.52%)

PAST TOP PICK

(A Top Pick Sept 21/12. Up 14.77%.) Still likes. This is a fundamental ETF which means all the companies in it are ranked and rated. Still a Buy. A very conservative play.

PAST TOP PICK

(A Top Pick June 22/12. Up 26.4%.) This trade was based on summertime travel.

PAST TOP PICK

(Top Pick Jun 22/12, Up 31.76%) Doesn’t look as good this summer. There is only one blockbuster movie, “Superman” which opened today. He is not bullish on the movie companies for the seasonal trade this year. If you want one company, your choice would be Disney.

TOP PICK

This is a whole mix of entertainment and leisure type companies. If we are considering an economic recovery, then consumer discretionary stocks should do very well. This ETF is composed of hotels, restaurants, cruise lines, gaming houses. Has about 30 companies and they are all rebalanced quarterly. They are looked at by management actions, price momentum, earnings momentum and a number of value criteria.

COMMENT
Some gambling and travel stocks that is a way to play re-opening. It's a bet on people going back to having fun and traveling around.
BUY
He's watching reopening stocks like this, and the reopening trade is intact as it performs very well. He's looking at the PEJ ETF is a way to play the reopening. PEJ holds Expedia, Marriott, Booking Holdings and others. He'll likely buy this today or tomorrow. This has legs, supported by solid price action and the reopening stocks it holds.