Equity Strategies Group-Level Analysis Of The Equity Markets
Scanning The Markets
So far in 2002, the stock market has focused on one thing...solid fundamentals.
Fad Groups
The dramatic performance swings of Security Companies, Energy Technology, and look at a new “fad group,” Nanotechnology.
New Select Industries Group Holding: Restaurants
Scoring well across Value, Growth, and Relative Strength parameters. Momentum in group strong (look at relative strength!) but could be additional “cyclical” up leg as economy strengthens.
New Select Industries Group Holding: Employment Services
Quantitative strengths include VLT Momentum, Relative Strength and Judgmental. Group should benefit in first stages of rebounding economy, as employers might be reluctant to hire new full-time employees.
Scanning The Markets
There certainly was not much evidence of a “January effect” this year. Most of the market indices were down but the S&P Small Cap Index was up slightly.
New Select Industries Group Holding: Air Freight & Couriers
GS Scores improved to Attractive on VLT buy signals in both price and relative strength.
Tech Watch
S&P Tech remained flat in December, but P/E ratios continue to climb as poor earnings are reported.
Fad Groups
Some groups tend to move in and out of favor in a hurry. We review the dramatic performance swings of our recently created Security Companies and BioDefense groups along with Energy Technology.
Scanning The Markets
Group leaders & laggards in 2001.
New Select Industries Group Holding: Internet Survivors?
This quant-based group identifies Internet companies with better-than-average long term survival prospects. It was also upgraded to Attractive for many of the same reasons as Application Software.
Tech Watch…..S&P Tech Subset Soared Again. Up 16% In November
Tech soared again in November despite cratering earnings.
Fad Groups
Some groups tend to move in and out of favor in a hurry. We review the dramatic performance swings of our recently created Security Companies and BioDefense groups along with Energy Technology.
Scanning The Markets
The stock market came to life in November, with the NASDAQ leading the way.
New Select Industries Group Holding: Application Software
GS Score upgrade to Attractive came primarily from VLT buy signals for both price and relative strength, as well as an improving relative strength chart. Buying a diverse package of 13 stocks.
Tech Watch…..S&P Tech Subset Soared 16% In October
From a much lower base, at least some tech stocks could once again become earnings momentum plays.
Groups For Shooters…..Those Who “Play” Very Aggressively
For those who “play” very aggressively, two groups that are experiencing dramatic performance swings: Security Companies and BioDefense.
New Select Industries Group Holding: Now Adding Pharmaceuticals
GS Score improved to Attractive on strength from Growth, Technical, Judgmental, and Insider categories.
Scanning The Markets
The NASDAQ posted a strong 12.8% gain in October, and also leads the pack from the September 21st low with an 18.8% gain.
Tech Watch…..S&P Tech Subset Down 19% In September, Down -33% In Q3
On a valuation basis, tech stocks are approaching an attractive accumulation zone.
Internet Debacle (Opportunity?) Index
A comparison of the Internet Survivors? Index to the Internet Debacle Index that we have been covering here for the past few years.