3 More Los Angeles Companies Cheering the Lakers in the NBA Finals
Last night the LA Lakers spoiled the Boston Celtics homecoming in Game 3 of the NBA Finals. Here are three more companies in Los Angeles which are cheering today and could actually use some help (click here to see a breakdown of the first three):
4. Staples (Nasdaq: SPLS)
Staples stock has been hurting since tanking at the start of March. The company is obviously hoping for priceless exposure if the Lakers can win the championship at the Staples Center.
We think Staples has A-Level Management, but at the moment it’s lacking in just about every other category for our Cheat Sheet Investing Framework.
5. Mattel Inc. (Nasdaq: MAT)
Mattel is another company with A-Level Management and an excellent return on equity of 26%. The short term Trend is down, but the stock is still holding onto its 200-day moving average. The chart is definitely healthier than Staples.
6. Jacobs Engineering (NYSE: JEC)
Jacobs Engineering is looking forward to the US continuing to rebuild infrastructure. The company has a healthy Equity-to-Debt ratio — which is very important for low risk/high reward investments. However, after making a 20+% move since the beginning of the year, talk of a slowing global economy has crushed the stock more than the broader markets. Too bad a remodel at Kobe’s house wouldn’t move the needle for this engineering behemoth.
Disclosure: No positions.
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