Week 20 Performance - Up 3%
Week 20
Dow 0%
S&P -.3%%
NASDAQ +0.3%
LiveRocket +3.04%
YTD
Dow 5.25%
S&P 4.41%
NASDAQ 4.9%
LiveRocket 9.36%
Since Inception
Dow 7.2%
S&P 6.9%
NASDAQ 6.6%
LiveRocket 19.77%
This was a good week for several reasons. Many stocks hit 52 week highs. Additionally, some stocks that have been down (NTRI & MRVL) are getting back out of their hole.
I remain somewhat concerned about the Fed meeting next week. My thoughts are that the market could soar or tank but that these are short term reactions. Eventually, these stocks will be fine. I don't want us to be victims of a false STOP, but I also like the idea of a market collapse where we can buy back in and get more of the same stock at the same cost.
We bought back into JLG, JOYG and MDR this week.
FINANCIALS
Nervousness over interest rates dominates the mood, even in light of strength from Goldman Sachs and Lehman Brothers. Last week Schwab even upped its forecast.
ET – Down 2%. It's easing off its 52 week high from last week.
GHL – Up 3.5% on strong volume. Close to its 52 week high
COMMODITIES & EQUIPMENT
GRP – Up 1%. Frankly, this stock has been soft and except for today's gas price driven growth, it hasn't shown the potential I want to see. The earnings are April 4th and I think, between now and then, other oil/gas related companies will report and create more positive sentiment. Analysts currently expect earnings to double Y/Y. Bear in mind that GRP has beaten estimates the last 5 quarters (maybe more - my data doesn't go back further). If they hit earnings estimates, that's a trailing $2.03 in earnings or ~20 P/E. Pretty low P/E for a company growing by 100%. The PEG ratio is 0.62 today. This stock should be trading around $80.
TIE – Up 5%. Solid volume and it hit a 52 week high. Oh baby! Also, next quarter's earnings expectations were raised.
HI TECH
STX – Down 1% on low volume. The delay in Microsoft shipping Windows vista drove PC companies lower this week.
MRVL – Up 6%. I will celebrate when they get back to $70
TRID – Up 11%. A new 52 week high on very strong volume.
HEALTH
NTRI – Up 6%. Since hitting a low of $37 2 weeks ago, it's nice to see NTRI touching $43.
TEVA – Flat
Dow 0%
S&P -.3%%
NASDAQ +0.3%
LiveRocket +3.04%
YTD
Dow 5.25%
S&P 4.41%
NASDAQ 4.9%
LiveRocket 9.36%
Since Inception
Dow 7.2%
S&P 6.9%
NASDAQ 6.6%
LiveRocket 19.77%
This was a good week for several reasons. Many stocks hit 52 week highs. Additionally, some stocks that have been down (NTRI & MRVL) are getting back out of their hole.
I remain somewhat concerned about the Fed meeting next week. My thoughts are that the market could soar or tank but that these are short term reactions. Eventually, these stocks will be fine. I don't want us to be victims of a false STOP, but I also like the idea of a market collapse where we can buy back in and get more of the same stock at the same cost.
We bought back into JLG, JOYG and MDR this week.
FINANCIALS
Nervousness over interest rates dominates the mood, even in light of strength from Goldman Sachs and Lehman Brothers. Last week Schwab even upped its forecast.
ET – Down 2%. It's easing off its 52 week high from last week.
GHL – Up 3.5% on strong volume. Close to its 52 week high
COMMODITIES & EQUIPMENT
GRP – Up 1%. Frankly, this stock has been soft and except for today's gas price driven growth, it hasn't shown the potential I want to see. The earnings are April 4th and I think, between now and then, other oil/gas related companies will report and create more positive sentiment. Analysts currently expect earnings to double Y/Y. Bear in mind that GRP has beaten estimates the last 5 quarters (maybe more - my data doesn't go back further). If they hit earnings estimates, that's a trailing $2.03 in earnings or ~20 P/E. Pretty low P/E for a company growing by 100%. The PEG ratio is 0.62 today. This stock should be trading around $80.
TIE – Up 5%. Solid volume and it hit a 52 week high. Oh baby! Also, next quarter's earnings expectations were raised.
HI TECH
STX – Down 1% on low volume. The delay in Microsoft shipping Windows vista drove PC companies lower this week.
MRVL – Up 6%. I will celebrate when they get back to $70
TRID – Up 11%. A new 52 week high on very strong volume.
HEALTH
NTRI – Up 6%. Since hitting a low of $37 2 weeks ago, it's nice to see NTRI touching $43.
TEVA – Flat
posted by Andrew at
6:17 PM
1 Comments:
I was hoping to get your view on SHFL based strategy I asked in my earlier comment? Thanks for all your insightful posts, I am learning a lot from it really!
Post a Comment
Subscribe to Post Comments [Atom]
<< Home