PLEASE NOTE All performance numbers are from Monday’s open, on the inescapable logic that that was the first time you could have duplicated any of these lists.
WE had a positive week in general in the broad markets as the following chart of the DJ US Total Stock Market shows. It is interesting to note that the increase in the week largely occurred on Tuesday and Thursday’s open with a little help from the President’s comments on Tuesday afternoon. Otherwise the markets traded pretty flat. It has been a lop-sided week, as you will see from the numbers, but as a teaser, I went long with selections from the IBD50 top-10 and our Intersection list on Tuesday and am down roughly 1% with 2W, 7L, 1even.
Using the DJ-UBS Commodity Index as a proxy you will see that commodities were negatively correlated to equities, although Friday fixed that problem:
Here is how the benchmark equity indices performed this week. The indices suggest larger issues faired better than smaller.:
- DJIA +2.08%
- Nasdaq Comp +2.9%
- Nasdaq 100 +3.47%
- SP500 +2.58%
- W5000 +2.46%
- R2000 +1.51%
The IBD50 had a gain of 1.02% for the week, with 35W and 15L. Better winners were:
AH, +9.43%; CHSI, +8.42%; BPI. +7.96%
The bigger losers are almost painful to list:
TZOO, -22.74%; RVBD, -18.12%; EW, -12.44%
The IBD50 top-10 list could not beat the larger list and gained only 0.62% for the week with LULU leading at +5.68%
The thirteen stock on our Intersection list this week did better, but still underperformed the S&P with a gain of 2.27%. LULU was the leader here.
The Stocktwits50 full was the leader this week with a gain of 2.82%, 40W, 10L. Better winners were:
FTK, +18.67%; MPEL, 9.69% and LAD, 9.04%.
The ST50 had its painful loser too, though:
FTNT, -22.94%; LAVA, -2.56% and NFLX. -1.86%.
Almost exactly like the IBD50 top-10, the ST50 top-10 list only gained 0.69% for the week, falling behind its parent list.
We’ll have the new versions of these lists for you tomorrow. We’ll close out with a chart of the winner of the week, Flotek Industries (FTK):