A week and a half ago I was singing the bullish praises of MeetMe Inc. (NYSEMKT:MEET). Not only was I impressed by the way shares of MEET had wrestled their way from underneath some serious technical resistance, I was sure that modest nudge was the beginning of several more breakthroughs that would propel the stock to much higher highs and reward faithful investors who stepped in on my advice.
Since then, MEET has rallied a whole 8.8%.
OK, by large cap, blue chip standards, an 8.8% move in just a few days is like winning the lottery. For a speculative small cap stocks though – which is exactly what MeetMe is – it’s not the most impressive of gains. Don’t give up on the social-networking name just yet, however, as the move I was talking about then is still brewing, and the trigger is becoming clearer and clearer.
10 Best Blue Chip Stocks To Buy For 2014: Philip Morris International Inc(PM)
Philip Morris International Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes and other tobacco products in markets outside of the United States. Its international product brand line comprises Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. The company also offers its products under the A Mild, Dji Sam Soe, and A Hijau in Indonesia; Diana in Italy; Optima and Apollo-Soyuz in the Russian Federation; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. It operates primarily in the European Union, Eastern Europe, the Middle East, Africa, Asia, Canada, and Latin America. The company is based in New York, New York.
- [By David Sterman]
4. Phillip Morris (NYSE: PM) After shares of this tobacco giant pulled back from the mid-$90s in the spring to $89 by early August, director Graham Mackay thought he spotted value, plunking down more than $1.1 million of his money to buy shares. He should have waited, as shares have since fallen below $84.
- [By Holly LaFon]