Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.
LJ International, Inc. (NASDAQ: JADE) is the favorite speculative play from Ian Wyatt, editor of Rising Star Stocks. The small cap advisor explains, "JADE is a fast growing, vertically integrated jewelry company that employs a 'mine to market' business strategy.
"LJ International is a pure play in the superlative growth of China's domestic jewelry sector estimated at over $20 billion and growing at 18% to 20% per year. Its has also established a presence as a growing wholesaler in the massive $45 billion U.S. jewelry market.
"Equally exciting has been the company's successful venture into the retail jewelry business vis-à-vis its ENZO retail chain in China, which currently comprises 35 stores and is expected to grow to 100 stores just in time for the start of the Beijing Olympics in June of 2008.
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
