As the stock market trends higher -- now at record highs for many companies and major indexes, I decided to dig in to a few of my favorite companies to talk about. It's not likely I will find any deals out there, but we'll see.
Apple - $115 a share (deceiving since it was trading in the $500-$600 range a year ago), but the stock spilt did wonders for the company, made it more affordable for the average investor and Apple has never been worth more. On a rampage.
Nike - at $98 a share, this one is not cheap. At record highs and yet I believe this is close to the company's true value. I'd love to buy more at the high 70's, should it get there. Full disclosure: this is one of the few stocks I still own. (Waiting for the inevitible market correction).
Starbucks - Nearing record highs. Currently trading at $80 and the high is $81.46, if it gets past that, look out. Cha-ching!
The Habit - this one is new to my list as they recently entered IPO mania. I like them because they are a local company looking to grow. Based out of Irvine, California, one of Southern California's hottest start-up communities.
Lululemon - Yoga pants. What's not to like? And trading at about half it's value of a year ago. Yes, please.
Oracle - All time high territory. Still don't like them. But cannot deny they make serious cash.
EA Sports - I know several people who work there and they make bad-ass video games like Madden. Need I say more?
Tesla - Sillicon Valley's current darling and my favorite car on the road. I need one. Not want. Need. Here's the plan. Tesla's stock price drops to $200 and I load up. Then it sky-rockets (pun intended: Elon Musk, SpaceX, get it?) and I made straight cash, homie. Cash out. Buy Tesla. Drive in style.
What are some of your favorite West Coast companies? And would you buy stock in them? Why or why not?