We have just recently added Cree, Inc. (NASDAQ:CREE) into our CAPS’s stock picks. Cree, Inc. is a developer and manufacturer of LED (Light Emitting Diode) products and some other related-products. Their LED products are used in video screens, gaming displays, function indicator lights and automotive backlighting.
Why Cree? If we look at their data on Yahoo! Finance, their last quarter’s revenue increased by 35.10%; and their earnings increased by 215.90%. They also don’t have debt at all, which is always a good thing.
If we look at the chart, their stock price has been up in almost a straight line in the last 52 weeks with 193.87% increase. The stock is currently a little bit overbought. We are waiting for pullback to a 50-day moving average before buying this stock.
