Wednesday, February 18th, 2009
Education stocks hot relatively speaking
I’ve had a quick look at education stocks in the US and they are a pocket of relative strength.
Education tends to be relatively defensive in tough economic times because people are reluctant to cut back spending on their children’s education.
Some even believe it is counter-cyclical as people made redundant ride out the downturn in colleges, while others who are employed try to bolster their credentials and improve employment prospects.
The charts below show some decent patterns. My only concern is that a number of education stocks including Strayer Education (STRA), Universal Technical Institute (UTI) and New Oriental Education and Technology Group (EDU) have broken down recently.
But here are the strong ones:
Grand Canyon Education (LOPE)
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American Public Education (APEI)
Career Education (CECO)
Capella Education (CPLA)
Corinthian Colleges (COCO)
Apollo Group (APOL)
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February 18th, 2009 at 11:57 pm
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