There is nothing wrong with chasing momemtom, so I am chasing Marvel (MVL) going into the company's earnings report on Tuesday. The stock is slightly off its 52 week high and has a slightly higher P/E ratio compared to its competitors, but the potential earnings this new Spiderman movie could bring in is amazing. This weekend Spiderman became the highest grossing opening-weekend movie ever. Marvel not only makes money from the movie, but also from the action figures, clothing and trading cards. All of these outlets translate into Marvel royalities. Earnings Whispers expects a four cent beat, but I can only suspect that Marvel will raise its guidance with the recent success of Spidey.
I am looking beyond the fundamentals and trading on a good feeling. Hope this works out.
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