Monster Worldwide (MWW): Poised for higher prices

By Michael Cintolo, Vice President of Investments and Editor of Cabot Market Letter and Cabot Top Ten Weekly
From Cabot Wealth Advisory 1/6/11 Sign up for free Cabot Wealth Advisory e-newsletter

Despite all the talk of our jobs recession, I think there’s a good shot that the job market is going to pickup in a big way during 2011. And that view is bolstered by the action of some of the top stocks in the group.

In particular, I like both Monster Worldwide (MWW), operator of the Monster. com job search site (it’s become a huge global brand), and Korn/Ferry (KFY), which is more on the executive recruitment side of things.  

Monster Worldwide has yet to see business really accelerate, but in the prior quarter, management mentioned that advanced bookings—a reliable sign of future growth—were at the highest levels in quite some time. The stock has been pausing just south of 25 for a few weeks, and while a shakedown to 22 or 23 isn’t out of the question, I think it’s poised for higher prices.

Editor’s Note: Mike Cintolo is Vice President of Investments for Cabot, as well as editor of Cabot Market Letter, a Model Portfolio-based newsletter of the best leading growth stocks in the market. Thanks to top-notch stock picking and market timing, Mike’s simple to follow and concentrated (no more than 12 stocks) portfolio has crushed the market by 14.4% annually since the start of 2007; he was up 24% in 2010.   If you want to own the top leaders in every market cycle, be sure to give Cabot Market Letter a try by clicking here.

Mike Cintolo Michael Cintolo

Vice President of Investments and Editor of Cabot Market Letter and Cabot Top Ten Weekly

A growth stock and market timing expert, Michael Cintolo is editor of Cabot Market Letter and Cabot Top Ten Weekly. Since joining Cabot in 1999, Mike has uncovered exceptional growth stocks and helped to create new tools and rules for buying and selling stocks. Perhaps most notable was his development of the proprietary trend-following market timing system, Cabot Tides that has helped Cabot place among the top handful of market-timing newsletters numerous times.