RL also sells directly to consumers through 367 specialty retail locations globally, spanning the luxury, mid-market and factory channels and at RalphLauren.com and Rugby.com.

The company's well-managed portfolio of strong brands, long track record of successful operating performance, and relatively stable profitability over recent years despite weak retail conditions make me bullish on the stock. Moreover, I see the stock benefiting from continued development and expansion of accessories, denim and home categories as well as brand re-positioning in China.

Yesterday, the stock lost $0.39, or 0.27 percent, to close at $141.79. However, in the last three months, the stock gained $11.28 or 8.64 percent. The stock's current range of $138.08-$142.91, compares to 52 week range of $102.33-$164.55.

Based on log-normal random walk, within the next one month there is 95 percent chance that the stock price could be between $119.97 and $177.64. This implies a profit to loss ratio of 1.6 to 1.

Tesla Motors Inc   (Nasdaq:TSLA)

Tesla Motors Inc., incorporated in 2003, designs, develops, manufactures and sells fully electric vehicles and electric vehicle powertrain components. The company commercially produces an electric vehicle, the Tesla Roadster. The Tesla Roadster has a battery pack capable of storing approximately 53 kilowatt-hours of usable energy. The Tesla Roadster has a range of 236 miles on a single charge. As of March 31, 2010, the company had sold 1,063 Tesla Roadsters to customers in 22 countries. It has also introduced a Roadster model, the Tesla Roadster 2 and the Roadster Sport, which accelerates from 0 to 60 miles per hour in 3.7 seconds.

I prefer the stock as it is undervalued substantially. Market correction provides significant upside.

Yesterday, the stock lost $0.62, or 1.93 percent, to close at $31.45. However, in the last three months, the stock gained $8.49 or 36.98 percent. The stock's current range of $31.25-$32.05, compares to 52 week range of $21.11-$36.42.

Based on log-normal random walk, within the next one month there is 95 percent chance that the stock price could be between $22.89 and $44.87. This implies a profit to loss ratio of 1.6 to 1.

Under Armour, Inc.  (NYSE:UA)

Under Armour reported a net income of $45.99 million, or $0.88 per diluted share, for the third quarter ended September 30, 2011, compared to $34.86 million, or $0.68 per diluted share, for the third quarter ended September 30, 2010. The company surpassed a billion dollars in net revenues last year, and the Brand has already topped that milestone this year through the first three quarters. Its product engines are as strong as ever, as demonstrated by consecutive quarters of 40% plus growth for the first time since 2007.

The company expects net revenues of $1.46 billion to $1.47 billion and operating income in the range of $159-$162 million. The company had previously anticipated fiscal 2011 net revenues in the range of $1.42-$1.44 billion and fiscal 2011 operating income in the range of $155 million to $160 million.

Yesterday, the stock gained $1.37, or 1.83 percent, to close at $76.43. Moreover, in the last three months, the stock gained $13.8 or 22.03 percent. The stock's current range of $74.13-$77, compares to 52 week range of $51.77-$87.4.

Based on log-normal random walk, within the next one month there is 95 percent chance that the stock price could be between $62.5 and $103.58. This implies a profit to loss ratio of 1.95 to 1.