Marvel Entertainment, as most of us in my generation are familiar with, has brought us Spiderman, Hulk and the recently acclaimed Iron Man. Aside from the array of sequels and new comic based movies coming in the near future, Marvel is also fundamentally bullish. The company has raised guidance 20 cents from $1.35 to $1.55 after beating first quarter estimates by 11 cents per share. Furthermore, these estimates do not even include Iron man which could pull in 200 million in profits alone. Marvel’s 19 PE is relatively cheap and insider buying is occurring even after the stock has advanced. New Marvel movies coming out include The Incredible Hulk, Captain America, Nick Fury, Thor, The Avengers, Wolverine and Punisher 2. Technically, Marvel is trading close to its 52 week high and I would wait for a small pull back but the upward trendline and support are solid while the range is small.
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