The Priceline Group: Buy On A Corrective Pullback [Seeking Alpha]
THE PRICELINE GROUP INC COMMON (PCLN)
US:NASDAQ Investor Relations:
ir.pricelinegroup.com/events.cfm
Company Research
Source: Seeking Alpha
Summary The technology sector has been lagging the broad-based market over the past month. It seems like it may be the beginning of a corrective pullback. I don’t expect a significant correction but any weakness will be a good opportunity to buy The Priceline Group ( PCLN ). The online travel industry is set to benefit from the positive structural changes and so this company would be an excellent play. It is the cheapest stock compared to peers and it has been delivering strong results in the history which shows no sign of slowing. Weakness in technology sector Over the past weeks, the technology sector showed the first sign of weakness. Nasdaq index declined from all-time high 6341 to current 6135 which is just a mere 2.9% weakness in a month. On the other hand, the broad S&P 500 index declined just 0.4%. Source: www.finance.yahoo.com At first glance, it may look not that significant. But the important thing is that it is the first time over the past 12 month
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