NEW YORK (Real Money) -- We've got some slow, under-the-radar breakouts occurring one year after some serious breakdowns were taking place.
Take Salesforce.com (CRM - Get Report) . This company reports the last week in February and those who recall the action a year ago remember that, even though CRM delivered, it was caught up in the cloud bubble. That bubble burst after Salesforce.com reported, and the group hasn't been the same since. CRM's run in place long enough, it seems, and the market likes what it sees.
The VF (VFC) breakout is something to behold. I think a lot people felt that the VF quarter could be like those of PVH (PVH) and Ralph Lauren (RL) . But the coalition brands of VF seem to be gaining strength, particularly in Europe, as the continent gets better and the consumer strengthens.
How about the continued runs in Amazon.com (AMZN - Get Report) and Netflix (NFLX - Get Report) ever since they reported their better-than-expected quarters? There has been buy interest in those two almost every day. It's really pretty amazing that all it took for Amazon was to show you it could make a little money if it wanted. Netflix showed you what could happen if it keeps getting it right. That said, they just keep sending the stock up on the same information, which isn't sustainable.
Google's (GOOGL - Get Report) been doing better ever since that quarter sent it into the tank and that's because, like Amazon, I think that it mouthed the words discipline and it gave people hope. I am not as sanguine as I once was about this stock, but I do believe that it wants to go higher,
Finally, there's the Pioneer (PXD) . This is a stock that went down six before rallying 10 on the same quarter! I believe that people want to be in on the bottom in oil and that they know they can't wait until they actually get one.
I like EOG (EOG) best, which reports next week.
Amazingly, there are very few breakdowns, almost all part of the utility industry or in American Express (AXP) , which did not prep us at all for the huge -- some would say colossal -- loss it would be if the company couldn't come to terms with Costco (COST) .
After this remarkable run, that's an amazing ratio of good to bad.