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Historically, difficult environments provide savvy, patient investors with great buying opportunities. A tough market takes down both the good and the bad. Well, we are definitely in a difficult environment, but here are two ideas worth looking at and buying if you do not own them already: Apple, Inc. (NASDAQ: AAPL) and Crocs, Inc. (NASDAQ: CROX).

Why? These two companies have posted up brilliant quarterly results this past quarter and the previous 3-4 as well. Strong product momentum is certainly working in their favor. The recent results were not only brilliant but better yet, forward outlook and guidance were excellent. Crocs crushed expectations this past quarter by putting up 58 cents earnings per share on revenues of $234 million. Consensus expectations were for revenues of $194 million and earnings per share of 44 cents. I raised my 2008 numbers to $1.2 billion and earnings per share of $2.55. Apple put up revenues in the June 30 quarter of $5.41 billion and earnings per share of 92 cents, a full 20 cents ahead of expectations. My forward number for Apple (which I have raised for the last 5 quarters after results came out) are for September 2008 fiscal year end of revenues at $30 billion and earnings per share of $4.50.

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Apple (AAPL) and Crocs (CROX): Two opportunistic buys in a tough market originally appeared on BloggingStocks on Thu, 09 Aug 2007 16:44:00 EST. Please see our terms for use of feeds.

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