We’re about midway through the year and the S&P is barely up 4%. However, at the same time, plenty of stocks have taken off, like AAPL, AMZN and NFLX. I can point out specific stock winners and losers; but that would only accentuate the ability of those particular companies to operate in this environment. What I am more interested in is larger trends. Are there any, thus far?
Foreign stocks have trounced US gains, so there’s that. China is, by far, the best performer–for reasons unbeknownst to anyone. Domestically, we saw a huge bounce back in energy related names. More so, however, were gigantic leaps in General Contractors. These companies are heavily dependent upon the oil and gas industry and were the biggest losers of 2014. The industry is up 33%, ytd, led by ABGB, SERV, CBI and FIX.
Other industry winners include Drugs-Wholesale, Appliances, Publishing-Books, Healthcare Plans and Solar.
The losers are Aluminum, 3-D Printing, Heavy Construction, Airlines and Trucking.
In short, healthcare continues to run higher, unabated, as investors gravitate towards the next takeover or FDA winner. There is big growth in healthcare now, which is insulated from the forex and QE machinations of the investing public. Then there is the oil and gas trade and the unwind of the winners who benefited from cheap crude. I am talking about restaurants, sans SHAK, truckers and gas station plays. All of those stocks are taking a breather, as the energy complex trade lifts higher.
Seasonally, oil always does well during the first half of the year. Perhaps the second half will see crude lower again, which might reignite a sharp rally in the aforementioned companies who’ve recently paused (no homo)?
One thing remains constant, during all of these trend changes: free cash flow.
Inside of Exodus, I run a semi-annually managed portfolio of stocks, just 15 of them, that is about to be updated (once in January and again in June). The tenets of the portfolio, or the mantra if you will, is to find Growth at a Reasonable Price. Hence the acronym GARP you fucking ignoring clam diggers. I look for high growth names with great free cash flow, that aren’t obscenely priced. This portfolio is designed for longer term investors. Year to date, including dividends, it’s up more than 14%–price weighted.
Off to an early dinner and subsequent adventures at my local Whole Foods. FML
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FLY is up 18.5% YTD. Just sayin…
27.5% asshole
I was talkin’ the stock, not the Doctor, Doctor.
Ah
lol
Maybe the lovely Mrs. Fly will drive you and the children to Nomad Pizza? That wouldn’t be so bad…
We have plans elsewhere.
I truly sense sadness in your reply. Must be a vegan joint.
No it’s a good spot. Honest
Where the mojo gone, ouboet?
The ME looks to be on the verge of complete implosion again. Oil higher is a reasonable possibility over the long hot Summer.
The only possible monkey wrench for healthcare would be the Supreme Court.
In your opinion, how high does HCA run?
I am long hca and Lpnt. They go higher
Ironic of you to use that tile pic…..the man that the movie was based on was just killed in a New Jersey turnpike wreck.
Nothing ironic about it. I posted that pic on purpose.
The Fly is omnipresent. You should know that by now.
That’s why I ALWAYS don trousers (and socks) when perusing iBC.
Your computer cams are automatically initiated upon visiting IBc to ensure the dress code is obeyed.
ShangWhy, nother 2% tonight
The pattern (their session tonight) suggests to me someone wants this up, more accurately doing it. The higher low waves up just observationally look structured. Which continue certain predictions that (some of) this bubble is purposefullllllllll
Shangwhynot – me love you long time.
correction 3.2% 5days about 18%
looking a little (quiet:) parabolic?
China is ripping just like we did post ’82. They have decided that stocks will rise. Not complicated.
The real question is FB. With the Congress not agreeing on how to watch all plebs all the the time thru the conduit. Does FB finally feel gravity?
So Nash spends his whole life as a super genius and they wait til he’s 82 to award him with a 400 thousand dollar prize and the poor bastard dies a few months later??
illuminati confirmed
He lived long enough and recovered well enough to see the impact his work had upon the world. Neither he nor his spouse had to deal with the grief of losing a partner. All things considered, there are worse ways to go out.