LiveRocket Performance Week 40 - Up 3.1%

I’m feeling pleased with the week, overall. While I may fault the rationality behind some of the bull rally (like a doubtful jobs report), I like the pressure it puts on shorts.

INFRASTRUCTURE: COMMUNICATIONS

AMX – Up 2.3% following a flat week. It is bouncing off its 52 week high
MICC – Up 5.5%. Another strong week for MICC. No news.
NUAN – Up 8.9%. Another 52 week high. There are rumors of a buyout, but those seem more like wishful thinking. NUAN has no real competition, so a buyout would not strengthen them via an alliance. They stand alone, and I bet the CEO likes being able to play his game, his way. So I think the opposite is true: NUAN will continue to be the acquiring company. Having assembled a winning team, NUAN will attract other winners. The stock keeps moving up, so they can leverage the stock to buy companies.

INFRASTRUCTURE: TRANSPORTATION

PCP – Up 0.5%. That’s 2 weeks in a row of flatness. An interesting note: the single major delay in Boeing’s 787 roll-out is a lack of aluminum fasteners. Guess what – that’s PCP. Can you say “name your price”?

RAW MATERIALS including oil services/equipment

TIE – Down 2%. We are approaching the end of my patience with TIE. We can get better yields elsewhere. This is the quarter they need to run or we cut our line.

ATW – Up 2.8%. Looks like $80 is their short term resistance level.
CLB – Flat, but after hours up 2%.FWLT – Up 7.6% and they hit a new 52 week high. My theory that they would move faster than MDR has –so far at least – not been proven. They are moving in step. They announced a big win at Exxon for a facility in Singapore, details unknown.

NOV – Up 6.2% and a new 52 week high. So much for a pause after splitting. Some no-name firm downgraded them – probably has a short position they want to protect.

HEALTHCARE

HOLX – Up 7.2% and up every day and hit a new 52 week high. I need to threaten to leave a stock more often. This puppy is up maybe 15% or more since I started complaining a few weeks ago.
IMA – Up 1.2% after a big week. Hit a 52 week high again. No news.

BTW I am on vacation for a week starting mid-week next week, so expect less real-time commentary