Wiser Trader Stocks and Options Newsletter
______________________________________________________________________________
Issue No. 97 October 9, 2006 Prescott, Arizona Systems@WiserTrader.com
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1.0 Trading
The impressive new high for the DOW in Figure 1A should be placed in perspective.
1.1 THE ALCHEMIST by AL THOMAS
New DOW High is Meaningless
There was dancing in the streets, well, at least on the
floor of the New York Stock Exchange last week when the Dow Jones Industrial
Index closed at an all time high. The many cheerleaders on CNBC-TV were
ecstatic screaming, “I told you so”. But what did it really tell us. The DJIA
or DOW as it is also called is composed of 30 stocks that actually represent about
25% of the value of the NYSE. That is very impressive and one of the main
reasons this index is watched by so many the world over.
FIGURE 1A
Caterpillar Tractor Company was $16 in the year 2000 and closed on October 2, 2006 at $65. The worst was Intel that dropped from $72 to $20. Many fell 50%. So what really happened? Only 9 of the 30 stocks made new highs that day – only 30%. No one on CNBC bothered to mention 21 stocks, 70%, failed to participate.
New highs were entered by American Express +3 points, Boeing +12, Caterpillar +49, Johnson & Johnson +30, Minnesota Mining & Manufacturing (MMM) + 33, Altria +55, Proctor & Gamble + 4, United Technology + 39 and Exxon + 25.
There is no point in listing all the losers. Three lost more than 50% from the 2000 high. How can this make a new meaningful high when the index shows 70% of the stockholders lost money?
Way back when before you were a gleam in Daddy’s eye (1896) when the original average created by Mr. Dow and Mr. Jones first appeared in the Wall Street Journal all you did was add up the price of all the stocks and divide to get the Index.
Stocks went up, dividends were issued, and those darn stock splits played havoc with computing what the average was each day. There is no point in going into the complex details, but let’s look at how they get to the final index number.
Each stock in 1990 was added and multiplied by 2. Today each stock is added and multiplied by 8 to get the DOW number. If you add the closing prices of the DJIA stocks on October 3 it came to 1465.91. With the current multiplier of 8 makes a closing DOW Index of 11,727. A new high. Not really.
Every investor is encouraged to go on the Internet to www.bigcharts.com to look at a 10-year history of each of the 30 stocks. A comparison to the DJIA may be superimposed. It will shock most investors.
Don’t buy stock based on what the DOW is doing. You must do your own research for each issue before parting with your money.
Al Thomas’ book, “If It Doesn’t Go Up, Don’t Buy It!” has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he’s the man that Wall Street does not want you to know. Copyright 2006 All rights reserved.
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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. |
1.2 Major Averages
This week, the major averages advanced an average of 1.4%. The S&P 500 in Figure 1B gained 1.0% with healthy volume. This week kicks off earnings season with broad optimism due to scant warnings so far.
|
|
Last Week |
This Week |
% Change |
|
DOW |
11679.10 |
11850.21 |
1.5% |
|
NASDAQ |
2258.43 |
2299.99 |
1.8% |
|
S&P 500 |
1335.85 |
1349.58 |
1.0% |
|
Russell 2K |
725.59 |
739.81 |
2.0% |
|
NYSE |
8469.65 |
8534.32 |
0.8% |
|
Average |
|
|
1.41% |
FIGURE 1B
The market may be a little overly optimistic about the inflation outlook and Fed policy, according to Fed Governs Kohn. Friday’s decline is due to the market being overbought.
The NASDAQ in Figure 1C continued to move above its 200 day SMA, once again gaining 1.8% for the week.
FIGURE 1C
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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 |
4.0% |
1.5% |
1.5% |
-0.5% |
1.5% |
|
NASDAQ Composite Index |
6.2% |
1.8% |
1.8% |
-0.7% |
3.2% |
|
S & P 500 Index |
3.9% |
1.0% |
1.6% |
-0.4% |
1.6% |
|
NYSE Composite Index |
2.9% |
0.8% |
1.5% |
-0.2% |
0.8% |
|
Russell 2000 Index |
4.4% |
2.0% |
1.0% |
-1.5% |
3.0% |
|
HGX, Phil. Housing Index |
5.0% |
0.8% |
1.2% |
-2.7% |
5.8% |
|
IYR, Real Estate |
3.2% |
1.9% |
-0.6% |
-0.8% |
2.6% |
|
GLD, GOLD |
-6.0% |
-4.2% |
1.7% |
1.9% |
-5.3% |
|
RKH, Banking |
3.5% |
0.8% |
0.6% |
0.1% |
2.0% |
|
IYT, Transportation |
8.9% |
2.6% |
2.9% |
-1.8% |
5.1% |
|
SMH, Semiconductors |
2.0% |
-0.9% |
2.8% |
-2.9% |
3.1% |
|
BBH, Biotechnology |
4.2% |
1.0% |
3.6% |
-0.5% |
0.1% |
|
OIH, Oil Infrastructure |
-4.9% |
-3.7% |
5.3% |
-1.5% |
-4.7% |
|
XLE, Energy |
-2.3% |
-1.4% |
4.1% |
-1.0% |
-3.9% |
|
XLU, Utilities |
-0.4% |
0.7% |
1.3% |
-0.5% |
-1.8% |
|
XLB, Materials |
0.7% |
1.1% |
1.7% |
-0.2% |
-1.8% |
|
XLI, Industrial |
6.2% |
2.7% |
2.9% |
-1.0% |
1.7% |
|
XLK, Technology |
5.7% |
1.4% |
1.9% |
-0.5% |
2.9% |
|
XLV, Healthcare |
1.7% |
0.2% |
0.9% |
-0.8% |
1.3% |
|
XLF, Financials |
5.2% |
1.6% |
1.2% |
0.2% |
2.1% |
|
XLP, Consumer Staples |
-1.1% |
-0.4% |
-0.4% |
-0.4% |
0.2% |
|
XLY, Consumer Discretionary |
7.8% |
2.6% |
1.7% |
-0.2% |
3.5% |
The VIX and VXN volatility indexes are listed in Table 2B.
Table 2B
Volatility
|
Indicator |
Current |
Last Week |
2 Weeks Ago |
Complacent |
Cautious |
|
VIX ** |
11.6 |
12.0 |
12.6 |
< 20 |
> 50 |
|
VXN *** |
18.0 |
17.7 |
18.2 |
< 30 |
> 70 |
|
** Below 20 day SMA = Short-term buy signal. *** Below 20 day SMA = Short-term buy signal. |
|||||
Figure 2A compares the major averages with key ETF’s and Sector SPDR’s.
FIGURE 2A
Table 2C
Market Summary
Industry performance is based on the Yahoo Industry Classification System
Major Indices For the Past Week: Dow Jones +1.5% NASDAQ +1.8% S&P500 Index +1.0% Russell 2000 +2.0% NYSE +0.8% 30 Year Bond 4.837% 10 Year Note 4.696% FOMC Rate 5.250% Leading Industries For the Past Week: Lagging Industries For the Past Week: |
Leading Industries For the Past Month: Lagging Industries For the Past Month: Crude Oil $59.82 Gold for the past 30 days: USD -7.43% CAD -6.13% CHF -5.97% GBP -7.10% EUR -6.34% JPY -5.43% |
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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 |
7.6% |
0.4% |
9.2% |
3.1% |
2.2% |
1.3% |
2.6% |
|
Cash Rich Companies |
0.0% |
0.2% |
-18.8% |
-3.3% |
-1.9% |
-15.9% |
1.2% |
|
Price to Free Cash Flow |
8.1% |
-0.2% |
-1.8% |
2.0% |
-0.6% |
-1.2% |
-1.8% |
|
Growth Momentum |
5.6% |
-0.1% |
6.8% |
2.2% |
2.4% |
0.9% |
1.1% |
|
Lynch |
22.3% |
-1.1% |
2.0% |
-0.2% |
-0.9% |
1.2% |
2.0% |
|
Buffett |
7.0% |
-0.8% |
5.5% |
1.1% |
1.7% |
-0.6% |
3.3% |
|
Graham |
13.6% |
-0.5% |
1.3% |
0.7% |
1.7% |
-1.3% |
0.2% |
|
Templeton |
11.3% |
-0.7% |
7.4% |
2.5% |
1.0% |
-0.5% |
4.3% |
|
Zweig |
11.8% |
-0.4% |
7.2% |
2.6% |
1.9% |
0.4% |
2.2% |
|
Average |
9.7% |
-0.3% |
2.1% |
1.2% |
0.8% |
-1.8% |
1.7% |
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 |
|
PLB |
07/21/06 |
-9.6% |
American Italian Pasta Company |
Consumer Non-Cyclical |
Food Processing |
-11.3% |
-7.8% |
-79 |
-88 |
|
MSN |
07/07/06 |
-4.8% |
Emerson Radio Corp. |
Consumer Cyclical |
Audio & Video Equipment |
-6.0% |
0.0% |
-81 |
-86 |
|
VLNC |
08/04/06 |
23.5% |
Valence Technology, Inc. |
Technology |
Electronic Instruments & Controls |
-7.8% |
1.5% |
-58 |
-56 |
|
NOVC |
09/22/06 |
-0.6% |
Novacea, Inc. |
Health Care |
Biotechnology & Drugs |
-8.2% |
11.8% |
-42 |
-48 |
|
PBY |
10/06/06 |
0.0% |
The Pep Boys - Manny, Moe & Jack |
Services |
Retail (Specialty Non-Apparel) |
0.0% |
2.9% |
-38 |
-37 |
|
FNLY |
10/06/06 |
0.0% |
Finlay Enterprises, Inc. |
Consumer Cyclical |
Jewelry & Silverware |
0.0% |
5.2% |
-56 |
-35 |
|
CYTX |
09/08/06 |
15.6% |
Cytori Therapeutics Inc. |
Health Care |
Biotechnology & Drugs |
0.0% |
5.2% |
-52 |
-34 |
|
DWRI |
09/15/06 |
5.5% |
Design Within Reach, Inc. |
Consumer Cyclical |
Furniture & Fixtures |
0.0% |
3.3% |
-30 |
-24 |
|
APN |
09/08/06 |
22.0% |
Applica Incorporated |
Consumer Cyclical |
Appliances & Tools |
-4.5% |
1.9% |
-24 |
-24 |
|
MAG |
10/06/06 |
0.0% |
Magnetek, Inc. |
Technology |
Electronic Instruments & Controls |
0.0% |
16.2% |
-6 |
-21 |
|
PHRM |
07/07/06 |
28.4% |
Pharmion Corporation |
Health Care |
Biotechnology & Drugs |
-0.6% |
19.4% |
-15 |
-13 |
|
MFLX |
10/06/06 |
0.0% |
Multi-Fineline Electronix, Inc. |
Technology |
Electronic Instruments & Controls |
0.0% |
1.0% |
-6 |
-13 |
|
SGEN |
09/08/06 |
10.8% |
Seattle Genetics, Inc. |
Health Care |
Biotechnology & Drugs |
-0.6% |
10.8% |
-7 |
-11 |
|
ULBI |
08/18/06 |
17.7% |
Ultralife Batteries, Inc. |
Technology |
Electronic Instruments & Controls |
0.0% |
15.3% |
0 |
-1 |
|
TRGT |
09/22/06 |
4.8% |
Targacept , Inc. |
Health Care |
Biotechnology & Drugs |
0.0% |
11.5% |
0 |
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 |
|
EXAR |
07/28/06 |
0.5% |
Exar Corporation |
Technology |
Semiconductors |
-8.9% |
-5.5% |
-94 |
-97 |
|
AATI |
10/06/06 |
0.0% |
Advanced Analogic Technologies Incorp. |
Technology |
Semiconductors |
0.0% |
-39.7% |
-98 |
-96 |
|
NEXT |
09/22/06 |
-0.5% |
Nextest Systems Corporation |
Technology |
Semiconductors |
-2.8% |
-11.4% |
-75 |
-76 |
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 |
|
RHD |
07/14/06 |
-1.6% |
R.H. Donnelley Corp. |
Services |
Advertising |
-4.7% |
-0.8% |
-68 |
-77 |
|
F |
07/21/06 |
32.3% |
FORD MOTOR |
Consumer Cyclical |
Auto & Truck Manufacturers |
-9.6% |
2.7% |
-61 |
-63 |
|
FNLY |
09/08/06 |
-4.5% |
Finlay Enterprises, Inc. |
Consumer Cyclical |
Jewelry & Silverware |
-4.5% |
5.2% |
-56 |
-35 |
|
FIS |
08/18/06 |
3.0% |
Fidelity National Information Services |
Services |
Business Services |
-1.3% |
2.3% |
-1 |
-22 |
|
MNT |
08/11/06 |
11.1% |
Mentor Corporation |
Health Care |
Medical Equipment & Supplies |
-1.5% |
0.7% |
-1 |
-21 |
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 |
|
BTI |
08/12/05 |
34.0% |
British American Tobacco (ADR) |
Consumer Non-Cyclical |
Tobacco |
-6.1% |
-2.1% |
-88 |
-87 |
|
AZN |
02/03/06 |
32.1% |
AstraZeneca PLC (ADR) |
Health Care |
Major Drugs |
-5.4% |
0.9% |
-58 |
-82 |
|
SKM |
08/25/06 |
8.3% |
SK Telecom Co., Ltd. (ADR) |
Services |
Communications Services |
-2.9% |
3.4% |
-22 |
-27 |
|
PKX |
08/11/06 |
9.3% |
POSCO (ADR) |
Basic Materials |
Iron & Steel |
-1.4% |
4.8% |
-6 |
-20 |
|
VIP |
08/18/06 |
27.6% |
Vimpel-Communications (ADR) |
Services |
Communications Services |
-1.7% |
3.1% |
-7 |
-14 |
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 |
-6.8% |
Pharmaceutical Product Development, Inc. |
Health Care |
Biotechnology & Drugs |
-9.9% |
-2.1% |
-71 |
-71 |
|
IO |
10/06/06 |
0.0% |
Input/Output, Inc. |
Technology |
Scientific & Technical Instruments |
0.0% |
3.7% |
-16 |
-17 |
|
CSE |
08/04/06 |
8.8% |
CapitalSource, Inc. |
Financial |
Misc. Financial Services |
-0.9% |
2.7% |
-1 |
-9 |
|
GS |
08/18/06 |
13.6% |
Goldman Sachs Group, Inc. |
Financial |
Investment Services |
-0.5% |
3.8% |
-4 |
-3 |
|
ENDP |
02/17/06 |
12.4% |
Endo Pharmaceuticals |
Health Care |
Biotechnology & Drugs |
-2.4% |
2.9% |
-4 |
-2 |
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 |
|
BTI |
12/30/05 |
19.9% |
British American Tobacco (ADR) |
Consumer Non-Cyclical |
Tobacco |
-6.1% |
-2.1% |
-88 |
-87 |
|
IMO |
10/06/06 |
0.0% |
IMPERIAL OIL LTD |
Energy |
Oil & Gas - Integrated |
0.0% |
-6.1% |
-68 |
-75 |
|
CRDN |
08/11/06 |
-6.5% |
Ceradyne, Inc. |
Capital Goods |
Aerospace and Defense |
-10.4% |
-4.1% |
-71 |
-68 |
|
PETD |
07/07/06 |
7.3% |
Petroleum Development Corporation |
Energy |
Oil & Gas - Integrated |
-12.3% |
-5.5% |
-70 |
-66 |
|
STR |
05/26/06 |
12.9% |
Questar Corporation |
Energy |
Oil & Gas Operations |
-10.2% |
-2.9% |
-62 |
-66 |
|
GTRC |
10/06/06 |
0.0% |
Guitar Center, Inc. |
Services |
Retail (Specialty Non-Apparel) |
0.0% |
9.5% |
-13 |
-44 |
|
PCU |
07/21/06 |
8.3% |
Southern Copper Corporation |
Basic Materials |
Metal Mining |
-5.2% |
-1.6% |
-48 |
-40 |
|
XOM |
08/04/06 |
-1.7% |
ExxonMobil Corporation |
Energy |
Oil & Gas - Integrated |
-4.5% |
1.1% |
-42 |
-39 |
|
DHI |
09/15/06 |
-3.1% |
D.R. Horton Inc. |
Capital Goods |
Construction Services |
-5.1% |
7.2% |
-31 |
-36 |
|
CCRT |
09/08/06 |
7.9% |
CompuCredit Corporation |
Financial |
Consumer Financial Services |
-2.9% |
7.9% |
-29 |
-33 |
|
TBL |
07/07/06 |
11.7% |
The Timberland Company |
Consumer Cyclical |
Footwear |
-2.7% |
2.4% |
-16 |
-33 |
|
TOL |
09/22/06 |
1.6% |
Toll Brothers, Inc. |
Capital Goods |
Construction Services |
-2.0% |
8.2% |
-22 |
-30 |
|
AEOS |
03/10/06 |
48.8% |
American Eagle Outfitters |
Services |
Retail (Apparel) |
-5.5% |
7.3% |
-12 |
-27 |
|
PHM |
08/04/06 |
5.8% |
Pulte Homes, Inc. |
Capital Goods |
Construction Services |
-3.2% |
10.6% |
-27 |
-26 |
|
SPF |
07/14/06 |
9.4% |
Standard Pacific Corp. |
Capital Goods |
Construction Services |
-1.4% |
7.8% |
-19 |
-25 |
|
JOSB |
09/22/06 |
-1.2% |
Jos. A. Bank Clothiers, Inc. |
Services |
Retail (Apparel) |
-4.0% |
13.6% |
-15 |
-25 |
|
MTH |
08/04/06 |
3.8% |
Meritage Homes Corporation |
Capital Goods |
Construction Services |
-2.7% |
10.5% |
-23 |
-25 |
|
NUE |
09/22/06 |
8.8% |
Nucor Corporation |
Basic Materials |
Iron & Steel |
-1.7% |
2.9% |
-8 |
-19 |
|
ASH |
07/21/06 |
0.1% |
Ashland Inc. |
Capital Goods |
Construction Services |
-4.4% |
3.9% |
-31 |
-18 |
|
RS |
08/11/06 |
1.1% |
Reliance Steel & Aluminum |
Basic Materials |
Misc. Fabricated Products |
-3.9% |
4.5% |
-15 |
-15 |
|
THO |
07/21/06 |
4.4% |
Thor Industries, Inc. |
Capital Goods |
Mobile Homes & RVs |
0.0% |
7.2% |
-7 |
-13 |
|
KSWS |
09/15/06 |
6.3% |
K-Swiss Inc. |
Consumer Cyclical |
Footwear |
-1.0% |
11.0% |
-6 |
-12 |
|
MDC |
09/22/06 |
6.2% |
M.D.C. Holdings, Inc. |
Capital Goods |
Construction Services |
-1.0% |
17.2% |
-7 |
-11 |
|
ANF |
09/08/06 |
13.4% |
Abercrombie & Fitch Co. |
Services |
Retail (Apparel) |
-1.9% |
13.4% |
-1 |
-11 |
|
JBHT |
09/22/06 |
10.4% |
J.B. Hunt Transport Services, Inc. |
Transportation |
Trucking |
0.0% |
13.2% |
-10 |
-9 |
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 |
|
EON |
03/10/06 |
5.9% |
E.ON AG (ADR) |
Utilities |
Electric Utilities |
-9.6% |
-7.6% |
-90 |
-95 |
|
OTTR |
06/09/06 |
11.0% |
Otter Tail Corporation |
Utilities |
Electric Utilities |
-2.6% |
-1.5% |
-48 |
-52 |
|
PGN |
01/10/05 |
1.3% |
Progress Energy, Inc. |
Utilities |
Electric Utilities |
-3.0% |
2.4% |
-36 |
-46 |
|
VVC |
03/03/06 |
3.9% |
Vectren Corporation |
Utilities |
Natural Gas Utilities |
-4.8% |
1.5% |
-37 |
-45 |
|
WPS |
05/26/06 |
3.0% |
WPS Resources Corp |
Utilities |
Electric Utilities |
-4.1% |
1.2% |
-32 |
-40 |
|
UGI |
12/30/05 |
19.0% |
UGI Corporation |
Utilities |
Natural Gas Utilities |
-4.4% |
0.0% |
-37 |
-34 |
|
WGL |
12/23/05 |
3.3% |
WGL Holdings, Inc. |
Utilities |
Natural Gas Utilities |
-1.3% |
4.0% |
-4 |
-23 |
|
OKE |
11/11/05 |
43.9% |
ONEOK, Inc. |
Utilities |
Natural Gas Utilities |
-1.2% |
0.3% |
-21 |
-23 |
|
ATG |
10/21/05 |
10.5% |
AGL Resources Inc. |
Utilities |
Natural Gas Utilities |
-7.9% |
2.8% |
-3 |
-18 |
|
SRE |
01/10/05 |
41.8% |
Sempra Energy |
Utilities |
Natural Gas Utilities |
-0.7% |
2.8% |
-5 |
-15 |
|
ATO |
04/01/05 |
7.6% |
Atmos Energy Corporation |
Utilities |
Natural Gas Utilities |
-2.6% |
3.1% |
-4 |
-14 |
|
UU |
06/10/05 |
11.6% |
United Utilities PLC (ADR) |
Utilities |
Electric Utilities |
-0.1% |
6.6% |
-13 |
-4 |
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 |
|
EWBC |
12/30/05 |
7.2% |
East West Bancorp, Inc. |
Financial |
Regional Banks |
-4.4% |
-2.2% |
-47 |
-64 |
|
GISX |
12/30/05 |
25.0% |
Global Imaging Systems, Inc. |
Technology |
Office Equipment |
-2.3% |
1.1% |
-45 |
-63 |
|
RYL |
08/11/06 |
8.2% |
The Ryland Group, Inc. |
Financial |
Consumer Financial Services |
-6.2% |
5.8% |
-45 |
-48 |
|
PNR |
07/28/06 |
-0.8% |
Pentair, Inc. |
Conglomerates |
Conglomerates |
-6.0% |
-2.6% |
-45 |
-42 |
|
DHI |
07/14/06 |
11.3% |
D.R. Horton Inc. |
Capital Goods |
Construction Services |
-5.1% |
7.2% |
-31 |
-36 |
|
JNJ |
02/17/06 |
10.1% |
Johnson & Johnson |
Health Care |
Major Drugs |
-1.2% |
0.2% |
-29 |
-31 |
|
CHD |
11/18/05 |
17.0% |
Church & Dwight Co., Inc. |
Consumer Non-Cyclical |
Personal & Household Products |
-1.1% |
0.7% |
-7 |
-28 |
|
UNH |
08/25/06 |
1.2% |
UnitedHealth Group Inc. |
Financial |
Insurance (Accident & Health) |
-2.0% |
1.2% |
-44 |
-27 |
|
LOW |
09/08/06 |
7.2% |
Lowe's Companies, Inc. |
Services |
Retail (Home Improvement) |
-2.8% |
4.1% |
-1 |
-26 |
|
SPF |
09/15/06 |
1.7% |
Standard Pacific Corp. |
Capital Goods |
Construction Services |
-1.4% |
7.8% |
-19 |
-25 |
|
HHS |
08/18/06 |
2.3% |
Harte-Hanks, Inc. |
Services |
Printing & Publishing |
-1.3% |
1.4% |
-24 |
-25 |
|
WSM |
09/01/06 |
10.2% |
Williams-Sonoma, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-3.4% |
11.0% |
-7 |
-25 |
|
HIBB |
07/21/06 |
33.7% |
Hibbett Sporting Goods, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-2.6% |
1.7% |
-13 |
-23 |
|
FAST |
09/22/06 |
4.0% |
Fastenal Company |
Basic Materials |
Misc. Fabricated Products |
-0.7% |
7.7% |
-18 |
-23 |
|
HZO |
08/11/06 |
26.2% |
MarineMax, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-1.8% |
0.8% |
-22 |
-21 |
|
WSO |
07/28/06 |
3.1% |
Watsco, Incorporated |
Capital Goods |
Misc. Capital Goods |
-1.5% |
6.7% |
-6 |
-21 |
|
SPLS |
05/26/06 |
7.3% |
Staples, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-2.4% |
9.9% |
-2 |
-17 |
|
USTR |
08/11/06 |
3.4% |
United Stationers Inc. |
Consumer Non-Cyclical |
Office Supplies |
-0.8% |
5.6% |
-7 |
-17 |
|
COH |
07/28/06 |
25.6% |
Coach, Inc. |
Consumer Cyclical |
Apparel/Accessories |
-2.1% |
10.9% |
-2 |
-13 |
|
THO |
08/25/06 |
12.3% |
Thor Industries, Inc. |
Capital Goods |
Mobile Homes & RVs |
0.0% |
7.2% |
-7 |
-13 |
|
JBHT |
09/22/06 |
10.4% |
J.B. Hunt Transport Services, Inc. |
Transportation |
Trucking |
0.0% |
4.1% |
-10 |
-9 |
|
BBBY |
07/21/06 |
21.2% |
Bed Bath & Beyond Inc. |
Services |
Retail (Specialty Non-Apparel) |
-1.7% |
15.9% |
-4 |
-9 |
|
GBCI |
05/05/06 |
11.8% |
Glacier Bancorp, Inc. |
Financial |
Regional Banks |
-0.9% |
10.7% |
-2 |
-9 |
|
MIK |
12/30/05 |
23.4% |
Michaels Stores, Inc. |
Services |
Retail (Specialty Non-Apparel) |
0.0% |
1.2% |
-4 |
-8 |
|
CHS |
09/15/06 |
12.3% |
Chico's FAS, Inc. |
Services |
Retail (Apparel) |
-1.5% |
24.3% |
0 |
-8 |
|
ORLY |
09/01/06 |
12.6% |
O'Reilly Automotive, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-1.1% |
13.2% |
-1 |
-8 |
|
HAR |
08/18/06 |
0.6% |
Harman International Industries Inc./DE/ |
Consumer Cyclical |
Audio & Video Equipment |
0.0% |
8.2% |
-2 |
-3 |
|
IEX |
08/11/06 |
8.0% |
IDEX Corporation |
Capital Goods |
Misc. Capital Goods |
0.0% |
5.4% |
-2 |
-2 |
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 |
-1.0% |
MDU Resources Group, Inc. |
Utilities |
Natural Gas Utilities |
-9.5% |
-2.4% |
-67 |
-74 |
|
FSH |
05/05/06 |
7.9% |
Fisher Scientific International Inc. |
Technology |
Scientific & Technical Instruments |
-0.5% |
1.9% |
-41 |
-27 |
|
IO |
08/25/06 |
7.2% |
Input/Output, Inc. |
Technology |
Scientific & Technical Instruments |
-0.1% |
2.8% |
-16 |
-17 |
|
RL |
08/11/06 |
16.8% |
Polo Ralph Lauren Corporation |
Consumer Cyclical |
Apparel/Accessories |
-1.8% |
7.6% |
-8 |
-14 |
|
TROW |
07/28/06 |
17.9% |
T. Rowe Price Group, Inc. |
Financial |
Investment Services |
-1.4% |
7.9% |
0 |
-13 |
|
DHR |
07/21/06 |
9.4% |
Danaher Corporation |
Technology |
Scientific & Technical Instruments |
-0.3% |
5.4% |
-6 |
-11 |
|
ESI |
11/04/05 |
16.3% |
ITT Educational Services |
Services |
Schools |
-0.5% |
3.1% |
-1 |
-11 |
|
PCP |
08/11/06 |
11.9% |
Precision Castparts Corp. |
Capital Goods |
Aerospace and Defense |
-0.3% |
13.7% |