Diamonds and Dogs
Buy clothes, buy TV's, buy paper, and buy Shopify (SHOP) stock. The cloud based sales platform shot up 20% after Amazon named Shopify as their preferred partner. Amazon decided to shut down their Webstore e-commerce services and to use Shopify instead. Shopify will also partner with Facebook to utilize the social media site to the best of its abilities. Look for more great things from Shopify going forward.
Filter today's dog out of your portfolio. Clarcor Inc (CLC) makes filtration units in three different industry segments: engine/mobile, industrial/ environmental, and packaging. The stock is down 12% after missing analyst expectations by 20% for their third quarter. A year ago they earned $41.1 million, but this year they reported just $33.1 million. The company is blaming the global slowdown for less demand. Expect to hear that excuse more in the coming weeks.