Wiser Trader Stocks and Options Newsletter
______________________________________________________________________________
Issue No. 95 September 25, 2006 Prescott, Arizona Systems@WiserTrader.com
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1.0 Trading
Market concerns about economic weakness now outweigh fears of inflation.
1.1 Steady and Watchful
This week, the major averages pulled back an average of two thirds of a percent. The S&P 500 in Figure 1A declined 0.4% and market volume remained respectable. The market was a little less upbeat in spite of weak inflation indicators such as the declining price of oil, energy, metals and basic materials. The FOMC leaving rates at 5.25% was already priced into the market. There are reports of slowing manufacturing, causing some to suspect that earnings will decline. However, the lack of substantial earnings warnings leads others to expect 14% year over year earnings with economic growth remaining at 2.5% or so, implying the Fed will hold off on further rate increases.
FIGURE 1A
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© 2006 WiserTrader.com, LLC. Members of wisertrader.com are neither licensed brokers nor licensed advisors. Trades discussed represent recommendations made by the editor for the wisertrader.com portfolio. The newsletter and web site are for information only and should not be considered as personal advice. While it is believed that the posted information is factual, mistakes can be made in transcription. Investors should trade stocks only after verifying all information and consulting with a licensed broker or adviser. WiserTrader.commarkets third party trading systems but has no other affiliation with trading system companies. |
The NASDAQ in Figure 1B held at its 200 day SMA, falling 0.7% for the week. Semiconductor and Technology led the decline. Biotechnology stocks continued to be flat.
FIGURE 1B
As we proceed toward the end of the third quarter, a bit more volatility can be expected as institutional investors begin to readjust their portfolios. The coming month is notorious for seasonal weakness. Earnings warning season is again upon us. Any further signs of a slowing economy will not be met favorably.
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2.0 Market Analysis
Key industry ETF’s in Table 2A are Biotech and Semiconductors, which confirm the NASDAQ. Transportation confirms the Dow Jones Industrial Average according to Dow Theory. Banking and Financials are confirming indicators for the S&P 500. Gold and Housing are respective indicators for the inverse health of the currency (inflation) and the capacity for consumer spending.
Table 2A
Indices, Key Industry ETF’s and Sector SPDR’s
|
|
1 month |
1 wk ago |
2 wks ago |
3 wks ago |
4 wks ago |
|
Dow Jones Industrial Index |
2.0% |
-0.5% |
1.5% |
-0.6% |
1.6% |
|
NASDAQ Composite Index |
3.7% |
-0.7% |
3.2% |
-1.2% |
2.5% |
|
S & P 500 Index |
1.5% |
-0.4% |
1.6% |
-0.9% |
1.2% |
|
NYSE Composite Index |
0.3% |
-0.2% |
0.8% |
-1.7% |
1.4% |
|
Russell 2000 Index |
2.8% |
-1.5% |
3.0% |
-1.8% |
3.2% |
|
HGX, Phil. Housing Index |
2.7% |
-2.7% |
5.8% |
-2.8% |
2.7% |
|
IYR, Real Estate |
4.0% |
-0.8% |
2.6% |
0.7% |
1.5% |
|
GLD, GOLD |
-5.3% |
1.9% |
-5.3% |
-2.4% |
0.6% |
|
RKH, Banking |
1.8% |
0.1% |
2.0% |
-0.1% |
-0.2% |
|
IYT, Transportation |
2.6% |
-1.8% |
5.1% |
-2.6% |
2.0% |
|
SMH, Semiconductors |
1.8% |
-2.9% |
3.1% |
-1.6% |
3.3% |
|
BBH, Biotechnology |
0.8% |
-0.5% |
0.1% |
-0.7% |
2.0% |
|
OIH, Oil Infrastructure |
-11.8% |
-1.5% |
-4.7% |
-4.9% |
-1.2% |
|
XLE, Energy |
-11.8% |
-1.0% |
-3.9% |
-4.5% |
-3.0% |
|
XLU, Utilities |
-2.2% |
-0.5% |
-1.8% |
-1.3% |
1.4% |
|
XLB, Materials |
-1.5% |
-0.2% |
-1.8% |
-1.4% |
2.0% |
|
XLI, Industrial |
1.4% |
-1.0% |
1.7% |
-0.9% |
1.7% |
|
XLK, Technology |
4.1% |
-0.5% |
2.9% |
-0.9% |
2.6% |
|
XLV, Healthcare |
1.1% |
-0.8% |
1.3% |
-0.8% |
1.4% |
|
XLF, Financials |
3.0% |
0.2% |
2.1% |
-0.2% |
0.9% |
|
XLP, Consumer Staples |
0.9% |
-0.4% |
0.2% |
-0.5% |
1.7% |
|
XLY, Consumer Discretionary |
6.5% |
-0.2% |
3.5% |
0.3% |
2.9% |
The VIX and VXN volatility indexes are listed in Table 2B.
Table 2B
Volatility
|
Indicator |
Current |
Last Week |
2 Weeks Ago |
Complacent |
Cautious |
|
VIX ** |
12.6 |
13.2 |
13.2 |
< 20 |
> 50 |
|
VXN *** |
118.2 |
19.8 |
19.8 |
< 30 |
> 70 |
|
** Above20 day SMA = Short-term sell signal. *** Below 20 day SMA = Short-term buy signal. |
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Figure 2A compares the major averages with key ETF’s and Sector SPDR’s.
FIGURE 2A
Table 2C
Market Summary
Weekly Industry performance is based on the Yahoo Industry Classification System
Monthly Industry performance is based on the Dow Jones Industry Classification System
Major Indices For the Past Week: Dow Jones -0.5% NASDAQ -0.7% S&P500 Index -0.4% Russell 2000 -1.5% NYSE -0.2% 30 Year Bond 4.738% 10 Year Note 4.597% FOMC Rate 5.250% Leading Industries For the Past Week: Lagging Industries For the Past Week: |
Leading Industries For the Past Month: Tires Recreational Services Toys Footwear Real Estate Holding & Develop Broadline Retailers Hotels Restaurants & Bars Clothing & Accessories Home Construction Lagging Industries For the Past Month: Coal Mining Gold Mining Exploration & Production Oil Equipment & Services Inde General Mining Oil Equipment, Services & Dis Oil & Gas Platinum & Precious Metals Basic Resources Crude Oil $60.31 Gold for the past 30 days: USD -5.46% CAD -4.95% CHF -5.55% GBP -5.89% EUR -5.49% JPY -5.42% |
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3.0 Procedure
The following watch lists contain stock candidates for consideration. They are not necessarily trades. Categories include checklists for insider buying and cash rich companies, as well as, filters that employ stock picking methods used by master traders. The information is not meant to imply any endorsement or sponsorship by these master traders.
Current stock rankings are based on the degree to which stocks are overbought or over sold based on the 28-period Williams %R for the past two trading days. Two columns are labeled “%R1” and “%R2” with “%R2” indicating the Williams %R for the most recent trading day. Of course, values more negative than -80 are oversold and those less negative than -20 are overbought.
One should keep in mind that oversold stocks are not necessarily ready to move upward. They could very well be in a condition of continuous decline. The lists are meant to serve as a starting point for further due diligence.
A column labeled “Monthly % Gain” was added to show the inverse relationship between price action over the past month and the Williams %R. The change from a 10-period Williams %R with a weekly percent change to a 28-period Williams %R with a monthly percent change was done to reflect a longer term view.
Watchlist performance is based on weekly closing prices on Friday. The “Reference” is the date that a stock passed the indicated filter and was first added to or returned to the list. The “% Change” is how the price has changed since the reference date. Stocks that are down 10% or more after being listed are removed for a period of about two months. The “% from Max” is the percentage the price has declined from the maximum price reached since the reference date. Stocks that are down 8% from their highs after being listed are flagged in yellow. Stocks that are down 15% from their highs after being listed are removed for two months. More information on filters is available on the web site.
A performance summary of filtering techniques for checklists and master trader selection methods is given in Table 3A.
Table 3A
Stock Filter Summary
|
Filter |
Avg. % Change Since Listed |
Avg. % Change Friday |
1 Month |
1 Week Ago |
2 weeks Ago |
3 Weeks Ago |
4 Weeks Ago |
|
Net Insider Buying |
3.5% |
2.0% |
4.5% |
3.0% |
2.2% |
-3.3% |
2.8% |
|
Cash Rich Companies |
2.8% |
-2.1% |
6.0% |
-3.0% |
0.4% |
-0.1% |
8.6% |
|
Price to Free Cash Flow |
4.4% |
0.4% |
1.6% |
-1.4% |
-1.3% |
3.0% |
1.5% |
|
Growth Momentum |
2.1% |
-0.5% |
3.0% |
0.9% |
3.1% |
-2.3% |
1.4% |
|
Lynch |
23.9% |
-0.1% |
7.2% |
1.2% |
2.0% |
-0.8% |
4.7% |
|
Buffett |
4.3% |
0.0% |
3.6% |
-0.7% |
3.1% |
-1.5% |
2.7% |
|
Graham |
10.8% |
-0.4% |
-0.8% |
-1.3% |
0.2% |
-1.7% |
2.1% |
|
Templeton |
8.2% |
-0.3% |
5.3% |
-0.5% |
4.1% |
-0.8% |
2.5% |
|
Zweig |
7.0% |
-0.9% |
2.9% |
0.4% |
2.2% |
-0.8% |
1.2% |
|
Average |
7.4% |
-0.2% |
3.7% |
-0.2% |
1.8% |
-0.9% |
3.1% |
Key
|
Passed Recent Filter |
|
Price declined by half of stop loss setting |
|
Oversold based on Williams %R (%R2 is most recent) |
|
Overbought based on Williams %R (%R2 is most recent) |
Companies that have experienced net insider buying within the past 6 months of 5% or more of issued stock are listed in Table 3B. These stocks should also appear in one of the master trader screens or meet additional screening criteria before being given serious consideration. This list is a mixture of stocks that are optionable and those that are not.
Table 3B
Net Insider Buying Check List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
MSN |
07/07/06 |
-2.2% |
Emerson Radio Corp. |
Consumer Cyclical |
Audio & Video Equipment |
-3.5% |
-1.9% |
-79 |
-69 |
|
TWI |
06/16/06 |
-5.9% |
Titan International, Inc. |
Consumer Cyclical |
Auto & Truck Parts |
-11.0% |
-0.7% |
-59 |
-67 |
|
ULBI |
08/18/06 |
-3.3% |
Ultralife Batteries, Inc. |
Technology |
Electronic Instruments & Controls |
-8.4% |
-6.5% |
-98 |
-66 |
|
SGEN |
09/08/06 |
-2.0% |
Seattle Genetics, Inc. |
Health Care |
Biotechnology & Drugs |
-9.4% |
-2.5% |
-48 |
-64 |
|
CYTX |
09/08/06 |
6.1% |
Cytori Therapeutics Inc. |
Health Care |
Biotechnology & Drugs |
-2.5% |
4.0% |
-64 |
-57 |
|
TELK |
08/04/06 |
4.2% |
Telik, Inc. |
Health Care |
Biotechnology & Drugs |
-4.8% |
0.5% |
-39 |
-51 |
|
VLNC |
08/04/06 |
21.6% |
Valence Technology, Inc. |
Technology |
Electronic Instruments & Controls |
-9.2% |
4.8% |
-46 |
-47 |
|
PHRM |
07/07/06 |
6.4% |
Pharmion Corporation |
Health Care |
Biotechnology & Drugs |
-5.8% |
6.6% |
-31 |
-44 |
|
NOVC |
09/22/06 |
0.0% |
Novacea, Inc. |
Health Care |
Biotechnology & Drugs |
0.0% |
9.9% |
-23 |
-39 |
|
DWRI |
09/15/06 |
3.0% |
Design Within Reach, Inc. |
Consumer Cyclical |
Furniture & Fixtures |
-1.4% |
3.0% |
-27 |
-29 |
|
TRGT |
09/22/06 |
0.0% |
Targacept , Inc. |
Health Care |
Biotechnology & Drugs |
0.0% |
3.9% |
-21 |
-22 |
|
APN |
09/08/06 |
23.3% |
Applica Incorporated |
Consumer Cyclical |
Appliances & Tools |
-3.5% |
-0.4% |
-24 |
-20 |
|
PLB |
07/21/06 |
-2.7% |
American Italian Pasta Company |
Consumer Non-Cyclical |
Food Processing |
-4.6% |
-0.9% |
-22 |
-17 |
|
HUGH |
09/22/06 |
0.0% |
HUGHES COMMUNICATIONS INC |
Services |
Communications Services |
0.0% |
28.3% |
-7 |
0 |
Companies with net cash positions that comprise at least 40% of their share price are listed in Table 3C. These stocks should also appear in one of the master trader screens or meet additional screening criteria before being given serious consideration. Again, this list is a mixture of stocks that are optionable and those that are not.
Table 3C
Capital Rich Companies Check List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
WSC |
03/11/06 |
1.9% |
Wesco Financial Corporation |
Conglomerates |
Conglomerates |
-4.5% |
-3.6% |
-73 |
-88 |
|
NEXT |
09/22/06 |
0.0% |
Nextest Systems Corporation |
Technology |
Semiconductors |
0.0% |
-5.4% |
-75 |
-88 |
|
EXAR |
07/28/06 |
6.6% |
Exar Corporation |
Technology |
Semiconductors |
-3.3% |
2.4% |
-36 |
-40 |
|
LTON |
09/08/06 |
2.5% |
Linktone Ltd. (ADR) |
Technology |
Computer Services |
-5.7% |
30.4% |
-19 |
-27 |
Table 3D was added to contain companies having a low price to free cash flow (P-FCF) less than 5. Companies having P-FCF less than 10 are typically capable of financing the purchase of all their outstanding shares of stock.
Table 3D
Price to Free Cash Flow Companies Check List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
MFW |
08/18/06 |
-5.7% |
M & F Worldwide Corp. |
Consumer Non-Cyclical |
Beverages (Non-Alcoholic) |
-5.7% |
-2.1% |
-88 |
-87 |
|
F |
07/21/06 |
27.4% |
FORD MOTOR |
Consumer Cyclical |
Auto & Truck Manufacturers |
-12.9% |
-0.2% |
-79 |
-68 |
|
RHD |
07/14/06 |
-0.5% |
R.H. Donnelley Corp. |
Services |
Advertising |
-3.5% |
-3.5% |
-61 |
-60 |
|
FNLY |
09/08/06 |
-2.5% |
Finlay Enterprises, Inc. |
Consumer Cyclical |
Jewelry & Silverware |
-2.5% |
-1.3% |
-59 |
-51 |
|
FIS |
08/18/06 |
-0.1% |
Fidelity National Information Services |
Services |
Business Services |
-2.1% |
0.3% |
-24 |
-39 |
|
MNT |
08/11/06 |
8.1% |
Mentor Corporation |
Health Care |
Medical Equipment & Supplies |
-2.4% |
-1.5% |
-14 |
-22 |
For the Peter Lynch style screen in Table 3E, the number of selections is reduced by selecting only optionable stocks having P/E’s less than 30.
Table 3E
Peter Lynch Value Watch List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
AZN |
02/03/06 |
35.4% |
AstraZeneca PLC (ADR) |
Health Care |
Major Drugs |
-3.0% |
0.4% |
-51 |
-47 |
|
BTI |
08/12/05 |
40.4% |
British American Tobacco (ADR) |
Consumer Non-Cyclical |
Tobacco |
-1.6% |
2.4% |
-16 |
-29 |
|
PKX |
08/11/06 |
6.4% |
POSCO (ADR) |
Basic Materials |
Iron & Steel |
-0.8% |
1.0% |
-20 |
-17 |
|
VIP |
08/18/06 |
27.8% |
Vimpel-Communications (ADR) |
Services |
Communications Services |
-1.6% |
23.1% |
-5 |
-11 |
|
SKM |
08/25/06 |
9.4% |
SK Telecom Co., Ltd. (ADR) |
Services |
Communications Services |
0.0% |
9.4% |
-6 |
-2 |
For the Growth Momentum screen in Table 3F, the number of selections is reduced by selecting only optionable stocks having P/E’s less than 30.
Table 3F
Growth Momentum Watch List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
PPDI |
08/04/06 |
-5.8% |
Pharmaceutical Product Development, Inc. |
Health Care |
Biotechnology & Drugs |
-9.0% |
-4.5% |
-70 |
-89 |
|
ENDP |
02/17/06 |
6.3% |
Endo Pharmaceuticals |
Health Care |
Biotechnology & Drugs |
-7.7% |
1.1% |
-45 |
-51 |
|
CSE |
08/04/06 |
1.6% |
CapitalSource, Inc. |
Financial |
Misc. Financial Services |
0.0% |
2.0% |
-21 |
-13 |
|
GS |
08/18/06 |
8.3% |
Goldman Sachs Group, Inc. |
Financial |
Investment Services |
0.0% |
3.0% |
-11 |
-9 |
|
CSR |
09/22/06 |
0.0% |
Credit Suisse Group (ADR) |
Financial |
Investment Services |
0.0% |
2.8% |
-4 |
-8 |
The filter for Warren Buffet style stock picking in Table 3G is for the intermediate to long term. Two requirements were added. One was to include only optionable stocks in order to find LEAPS opportunities. The other requirement was to include only those stocks having a PE of 17 or less.
Table 3G
Warren Buffett Value Watch List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
RS |
08/11/06 |
-9.9% |
Reliance Steel & Aluminum |
Basic Materials |
Misc. Fabricated Products |
-14.3% |
-3.6% |
-88 |
-98 |
|
PETD |
07/07/06 |
7.3% |
Petroleum Development Corporation |
Energy |
Oil & Gas - Integrated |
-12.4% |
-11.8% |
-79 |
-92 |
|
STR |
05/26/06 |
10.4% |
Questar Corporation |
Energy |
Oil & Gas Operations |
-12.2% |
-9.5% |
-84 |
-92 |
|
PCU |
07/21/06 |
1.6% |
Southern Copper Corporation |
Basic Materials |
Metal Mining |
-11.1% |
-3.4% |
-94 |
-91 |
|
XOM |
08/04/06 |
-5.5% |
ExxonMobil Corporation |
Energy |
Oil & Gas - Integrated |
-8.2% |
-7.8% |
-88 |
-87 |
|
NUE |
09/22/06 |
0.0% |
Nucor Corporation |
Basic Materials |
Iron & Steel |
0.0% |
-5.2% |
-75 |
-86 |
|
THO |
07/21/06 |
-4.5% |
Thor Industries, Inc. |
Capital Goods |
Mobile Homes & RVs |
-7.5% |
2.7% |
-71 |
-69 |
|
JBHT |
09/22/06 |
0.0% |
J.B. Hunt Transport Services, Inc. |
Transportation |
Trucking |
0.0% |
1.0% |
-58 |
-64 |
|
ASH |
07/21/06 |
-2.5% |
Ashland Inc. |
Capital Goods |
Construction Services |
-6.9% |
-1.2% |
-61 |
-61 |
|
MVK |
07/21/06 |
1.6% |
Maverick Tube Corporation |
Capital Goods |
Construction - Supplies and Fixtures |
-0.1% |
0.3% |
-57 |
-59 |
|
SPF |
07/14/06 |
2.9% |
Standard Pacific Corp. |
Capital Goods |
Construction Services |
-6.1% |
0.5% |
-74 |
-54 |
|
CRDN |
08/11/06 |
-0.2% |
Ceradyne, Inc. |
Capital Goods |
Aerospace and Defense |
-4.4% |
4.5% |
-29 |
-51 |
|
MTH |
08/04/06 |
-1.3% |
Meritage Homes Corporation |
Capital Goods |
Construction Services |
-7.4% |
2.5% |
-51 |
-47 |
|
DHI |
09/15/06 |
-3.5% |
D.R. Horton Inc. |
Capital Goods |
Construction Services |
-3.5% |
10.4% |
-43 |
-34 |
|
TBL |
07/07/06 |
10.5% |
The Timberland Company |
Consumer Cyclical |
Footwear |
-3.3% |
6.4% |
-29 |
-32 |
|
CCRT |
09/08/06 |
8.6% |
CompuCredit Corporation |
Financial |
Consumer Financial Services |
-2.3% |
16.3% |
-28 |
-30 |
|
PHM |
08/04/06 |
3.0% |
Pulte Homes, Inc. |
Capital Goods |
Construction Services |
-2.4% |
8.6% |
-38 |
-30 |
|
BTI |
12/30/05 |
25.6% |
British American Tobacco (ADR) |
Consumer Non-Cyclical |
Tobacco |
-1.6% |
2.4% |
-16 |
-29 |
|
MDC |
09/22/06 |
0.0% |
M.D.C. Holdings, Inc. |
Capital Goods |
Construction Services |
0.0% |
6.5% |
-31 |
-23 |
|
TOL |
09/22/06 |
0.0% |
Toll Brothers, Inc. |
Capital Goods |
Construction Services |
0.0% |
7.0% |
-35 |
-23 |
|
JOSB |
09/22/06 |
0.0% |
Jos. A. Bank Clothiers, Inc. |
Services |
Retail (Apparel) |
0.0% |
10.3% |
-20 |
-21 |
|
ANF |
09/08/06 |
5.3% |
Abercrombie & Fitch Co. |
Services |
Retail (Apparel) |
-3.6% |
11.5% |
-14 |
-17 |
|
AEOS |
03/10/06 |
48.9% |
American Eagle Outfitters |
Services |
Retail (Apparel) |
-1.3% |
23.3% |
-12 |
-9 |
|
KSWS |
09/15/06 |
4.2% |
K-Swiss Inc. |
Consumer Cyclical |
Footwear |
-0.1% |
13.8% |
-13 |
-8 |
Stocks from Benjamin Graham’s style of utility investing are listed in Table 3H. A requirement was added to include only those stocks having a PE of 17 or less.
Table 3H
Benjamin Graham Utility Watch List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
WPS |
05/26/06 |
-0.3% |
WPS Resources Corp |
Utilities |
Electric Utilities |
-7.2% |
-4.2% |
-91 |
-96 |
|
EON |
03/10/06 |
12.0% |
E.ON AG (ADR) |
Utilities |
Electric Utilities |
-4.4% |
-3.0% |
-79 |
-94 |
|
VVC |
03/03/06 |
0.5% |
Vectren Corporation |
Utilities |
Natural Gas Utilities |
-7.8% |
-3.2% |
-94 |
-94 |
|
ATO |
04/01/05 |
3.8% |
Atmos Energy Corporation |
Utilities |
Natural Gas Utilities |
-6.0% |
-1.0% |
-86 |
-88 |
|
OKE |
11/11/05 |
37.8% |
ONEOK, Inc. |
Utilities |
Natural Gas Utilities |
-5.4% |
-2.0% |
-90 |
-84 |
|
UGI |
12/30/05 |
16.4% |
UGI Corporation |
Utilities |
Natural Gas Utilities |
-6.5% |
-0.1% |
-75 |
-83 |
|
OTTR |
06/09/06 |
8.9% |
Otter Tail Corporation |
Utilities |
Electric Utilities |
-4.4% |
-0.8% |
-55 |
-77 |
|
PGN |
01/10/05 |
-1.3% |
Progress Energy, Inc. |
Utilities |
Electric Utilities |
-5.0% |
-0.7% |
-69 |
-62 |
|
WGL |
12/23/05 |
0.5% |
WGL Holdings, Inc. |
Utilities |
Natural Gas Utilities |
-2.6% |
1.5% |
-49 |
-58 |
|
ATG |
10/21/05 |
7.9% |
AGL Resources Inc. |
Utilities |
Natural Gas Utilities |
-10.0% |
0.3% |
-45 |
-45 |
|
SRE |
01/10/05 |
35.0% |
Sempra Energy |
Utilities |
Natural Gas Utilities |
-2.1% |
0.8% |
-34 |
-38 |
|
UU |
06/10/05 |
8.3% |
United Utilities PLC (ADR) |
Utilities |
Electric Utilities |
-0.8% |
2.7% |
-14 |
-30 |
Optionable stocks from John Templeton’s style of investing are listed in Table 3I.
Table 3I
John Templeton Watch List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
DGX |
08/19/05 |
24.3% |
Quest Diagnostics Incorporated |
Health Care |
Healthcare Facilities |
-3.3% |
-2.2% |
-87 |
-81 |
|
UNH |
08/25/06 |
-3.8% |
UnitedHealth Group Inc. |
Financial |
Insurance (Accident & Health) |
-6.8% |
-3.8% |
-50 |
-76 |
|
HAR |
08/18/06 |
-6.0% |
Harman International Industries Inc./DE/ |
Consumer Cyclical |
Audio & Video Equipment |
-6.0% |
0.8% |
-63 |
-72 |
|
THO |
08/25/06 |
2.7% |
Thor Industries, Inc. |
Capital Goods |
Mobile Homes & RVs |
-5.6% |
2.7% |
-71 |
-69 |
|
PNR |
07/28/06 |
0.0% |
Pentair, Inc. |
Conglomerates |
Conglomerates |
-5.3% |
-2.9% |
-80 |
-67 |
|
USTR |
08/11/06 |
-0.8% |
United Stationers Inc. |
Consumer Non-Cyclical |
Office Supplies |
-4.4% |
1.7% |
-52 |
-67 |
|
JBHT |
09/22/06 |
0.0% |
J.B. Hunt Transport Services, Inc. |
Transportation |
Trucking |
0.0% |
0.7% |
-58 |
-64 |
|
JNJ |
02/17/06 |
8.3% |
Johnson & Johnson |
Health Care |
Major Drugs |
-1.6% |
0.3% |
-48 |
-62 |
|
IEX |
08/11/06 |
-0.2% |
IDEX Corporation |
Capital Goods |
Misc. Capital Goods |
-4.4% |
-1.1% |
-71 |
-62 |
|
EWBC |
12/30/05 |
8.4% |
East West Bancorp, Inc. |
Financial |
Regional Banks |
-3.3% |
-1.3% |
-30 |
-57 |
|
SPF |
09/15/06 |
-4.4% |
Standard Pacific Corp. |
Capital Goods |
Construction Services |
-4.4% |
0.5% |
-74 |
-54 |
|
WSM |
09/01/06 |
6.2% |
Williams-Sonoma, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-3.4% |
9.9% |
-47 |
-54 |
|
FAST |
09/22/06 |
0.0% |
Fastenal Company |
Basic Materials |
Misc. Fabricated Products |
0.0% |
7.9% |
-43 |
-48 |
|
CHS |
09/15/06 |
5.7% |
Chico's FAS, Inc. |
Services |
Retail (Apparel) |
0.0% |
22.2% |
-48 |
-47 |
|
GISX |
12/30/05 |
24.0% |
Global Imaging Systems, Inc. |
Technology |
Office Equipment |
-3.0% |
3.0% |
-28 |
-45 |
|
LOW |
09/08/06 |
4.0% |
Lowe's Companies, Inc. |
Services |
Retail (Home Improvement) |
-3.5% |
-3.5% |
-42 |
-43 |
|
RYL |
08/11/06 |
10.4% |
The Ryland Group, Inc. |
Capital Goods |
Construction Services |
-4.2% |
0.7% |
-48 |
-39 |
|
DHI |
07/14/06 |
10.8% |
D.R. Horton Inc. |
Capital Goods |
Construction Services |
-3.5% |
10.4% |
-43 |
-34 |
|
CHD |
11/18/05 |
15.1% |
Church & Dwight Co., Inc. |
Consumer Non-Cyclical |
Personal & Household Products |
-1.5% |
2.5% |
-20 |
-34 |
|
HHS |
08/18/06 |
1.6% |
Harte-Hanks, Inc. |
Services |
Printing & Publishing |
-1.6% |
2.5% |
-6 |
-33 |
|
GBCI |
05/05/06 |
6.9% |
Glacier Bancorp, Inc. |
Financial |
Regional Banks |
-1.7% |
3.9% |
-21 |
-31 |
|
WSO |
07/28/06 |
0.0% |
Watsco, Incorporated |
Capital Goods |
Misc. Capital Goods |
-2.8% |
4.2% |
-12 |
-30 |
|
SPLS |
05/26/06 |
2.0% |
Staples, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-2.3% |
7.2% |
-23 |
-29 |
|
MIK |
12/30/05 |
22.2% |
Michaels Stores, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-0.3% |
0.8% |
-21 |
-22 |
|
COH |
07/28/06 |
19.5% |
Coach, Inc. |
Consumer Cyclical |
Apparel/Accessories |
-2.8% |
16.0% |
-13 |
-18 |
|
HZO |
08/11/06 |
23.3% |
MarineMax, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-1.5% |
5.9% |
-10 |
-16 |
|
ORLY |
09/01/06 |
7.3% |
O'Reilly Automotive, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-0.7% |
15.0% |
-7 |
-11 |
|
HIBB |
07/21/06 |
32.4% |
Hibbett Sporting Goods, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-0.7% |
1.1% |
-6 |
-8 |
|
BBBY |
07/21/06 |
17.7% |
Bed Bath & Beyond Inc. |
Services |
Retail (Specialty Non-Apparel) |
0.0% |
16.3% |
-3 |
-3 |
Optionable stocks from Martin Zweig’s style of investing are listed in Table 3J.
Table 3J
Martin Zweig Watch List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
MDU |
01/27/06 |
-2.4% |
MDU Resources Group, Inc. |
Utilities |
Natural Gas Utilities |
-10.8% |
-8.5% |
-88 |
-99 |
|
PCAR |
07/28/06 |
1.7% |
PACCAR Inc |
Consumer Cyclical |
Auto & Truck Manufacturers |
-6.3% |
0.2% |
-75 |
-73 |
|
ESI |
11/04/05 |
10.5% |
ITT Educational Services |
Services |
Schools |
-4.6% |
0.3% |
-55 |
-64 |
|
FSH |
05/05/06 |
6.5% |
Fisher Scientific International Inc. |
Technology |
Scientific & Technical Instruments |
-1.7% |
0.5% |
-18 |
-58 |
|
IO |
08/25/06 |
0.2% |
Input/Output, Inc. |
Technology |
Scientific & Technical Instruments |
-4.0% |
0.2% |
-37 |
-52 |
|
BSC |
06/16/06 |
4.4% |
The Bear Stearns Companies Inc. |
Financial |
Investment Services |
-5.7% |
1.5% |
-36 |
-33 |
|
DHR |
07/21/06 |
6.8% |
Danaher Corporation |
Technology |
Scientific & Technical Instruments |
-1.2% |
2.3% |
-30 |
-33 |
|
RL |
08/11/06 |
11.6% |
Polo Ralph Lauren Corporation |
Consumer Cyclical |
Apparel/Accessories |
-2.8% |
10.3% |
-22 |
-32 |
|
TROW |
07/28/06 |
16.2% |
T. Rowe Price Group, Inc. |
Financial |
Investment Services |
-1.4% |
10.3% |
-11 |
-19 |
|
PCP |
08/11/06 |
4.9% |
Precision Castparts Corp. |
Capital Goods |
Aerospace and Defense |
-1.1% |
3.1% |
-5 |
-16 |
|
GS |
06/16/06 |
16.3% |
Goldman Sachs Group, Inc. |
Financial |
Investment Services |
0.0% |
11.6% |
-11 |
-9 |
4.0 Results & Conclusions
This section highlights trading performance. Only a summary is provided here to save space. Detailed lists of closed trades can be found on the portfolio page of the website.
|
Major Indices Year to Date |
Relative to SMA 200 |
200 Day High |
Relative to High |
50 Day Low |
Relative to Low |
||||
|
|
12/30/05 |
9/23/06 |
% Chg |
09/23/06 |
Prior Week |
||||
|
DOW |
10717.5 |
11,508.10 |
7.38% |
||||||