Mid Cap Report
The best scoring mid caps from one year ago (1/24/2013) averaged 601 bps of excess over the S&P 400, with 0% turnover. The top performers include NFLX up 219%, ILMN up 169%, and VRX up 116%.
NOTE: Universe composition has been updated based on market capitalization
- The best mid cap sector is industrial goods.
The average mid cap score is 69.67, above the four week moving average score of 69.38. The average mid cap is trading -10.87% below its 52 week high, 6.48% above its 200 dma, has 7.35 days to cover short, and is expected to see EPS growth of 17.18% next year.
Industrial goods, healthcare, consumer, and technology score above average. Services score in line. Financials, basics, and utilities score below average.
| MID CAP | 1/23/2014 | 4 Week MA | |||
| Company Name | Symbol | Sector | INDUSTRY | SCORE | SCORE |
| BEST | |||||
| Int'l Rectifier | IRF | TECHNOLOGY | SEMICONDUCTOR- INTEGRATED CIRCUITS | 110 | 107.5 |
| Teradyne | TER | TECHNOLOGY | SEMICONDUCTOR EQUIPMENT & MATERIALS | 110 | 97.5 |
| Conseco Inc | CNO | FINANCIALS | ACCIDENT & HEALTH INSURANCE | 105 | 103.75 |
| Alliance Bernstein | AB | FINANCIALS | ASSET MANAGEMENT | 100 | 86.25 |
| Belden CDT | BDC | INDUSTRIAL GOODS | INDUSTRIAL ELECTRICAL EQUIPMENT | 100 | 96.25 |
| Choice Hotels International, Inc | CHH | SERVICES | LODGING | 100 | 97.5 |
| Diebold Inc | DBD | CONSUMER GOODS | BUSINESS EQUIPMENT | 100 | 86.25 |
| Dillard's Inc. | DDS | SERVICES | DEPARTMENT STORES | 100 | 101.25 |
| First Fin'l Bankshares | FFIN | FINANCIALS | REGIONAL BANKS | 100 | 97.5 |
| Heartland Express | HTLD | SERVICES | TRUCKING | 100 | 100 |
| I T T Corp | ITT | INDUSTRIAL GOODS | DIVERSIFIED MACHINERY | 100 | 102.5 |
| Littelfuse | LFUS | INDUSTRIAL GOODS | INDUSTRIAL ELECTRICAL EQUIPMENT | 100 | 97.5 |
| Medidata Solutions | MDSO | TECHNOLOGY | HEALTHCARE INFORMATION SERVICES | 100 | 96.25 |
| Middleby Corp | MIDD | INDUSTRIAL GOODS | DIVERSIFIED MACHINERY | 100 | 96.25 |
| Molina Healthcare | MOH | HEALTHCARE | HEALTH CARE PLANS | 100 | 86.25 |
| Manitowoc Company Inc | MTW | INDUSTRIAL GOODS | FARM & CONSTRUCTION MACHINERY | 100 | 98.75 |
| NVR Inc | NVR | INDUSTRIAL GOODS | RESIDENTIAL CONSTRUCTION | 100 | 97.5 |
| OpenTable | OPEN | TECHNOLOGY | INTERNET INFORMATION PROVIDER | 100 | 97.5 |
| Stifel Fin'l | SF | FINANCIALS | INVESTMENT BROKERAGE | 100 | 98.75 |
| Terex Corp | TEX | INDUSTRIAL GOODS | FARM & CONSTRUCTION MACHINERY | 100 | 98.75 |
| Dealertrack Hldgs Inc | TRAK | TECHNOLOGY | APPLICATION SOFTWARE | 100 | 97.5 |
| Amerco Inc | UHAL | SERVICES | RENTAL & LEASING SERVICES | 100 | 98.75 |
| Wintrust Fin'l | WTFC | FINANCIALS | REGIONAL BANKS | 100 | 98.75 |
| Transaction Sys Architects | ACIW | TECHNOLOGY | TECHINICAL & SYSTEM SOFTWARE | 95 | 92.5 |
| Align Tech | ALGN | HEALTHCARE | MEDICAL APPLIANCES & EQUIPMENT | 95 | 92.5 |
| Arris Group | ARRS | TECHNOLOGY | COMMUNICATION EQUIPMENT | 95 | 96.25 |
| Brocade Communications Systems | BRCD | TECHNOLOGY | DATA STORAGE DEVICES | 95 | 95 |
| Commercial Metals Co | CMC | BASIC MATERIALS | STEEL & IRON | 95 | 96.25 |
| Compass Minerals International Inc | CMP | BASIC MATERIALS | SYNTHETICS | 95 | 78.75 |
| Coherent Inc | COHR | TECHNOLOGY | SCIENTIFIC & TECHNICAL INSTRUMENTS | 95 | 93.75 |
| Columbia Sportswear | COLM | CONSUMER GOODS | TEXTILES | 95 | 97.5 |
| Carpenter Technology Corp. | CRS | BASIC MATERIALS | STEEL & IRON | 95 | 95 |
| Carrizo Oil and Gas Inc | CRZO | BASIC MATERIALS | INDEPENDENT GAS & OIL | 95 | 92.5 |
| Carlisle Co's | CSL | CONSUMER GOODS | RUBBER & PLASTICS | 95 | 95 |
| Curtiss-Wright Corp. | CW | INDUSTRIAL GOODS | AEROSPACE/DEFENSE PRODUCTS & SERVICES | 95 | 96.25 |
| Domino's Pizza Inc | DPZ | SERVICES | FOOD WHOLESALE | 95 | 97.5 |
| Esterline Tech | ESL | INDUSTRIAL GOODS | AEROSPACE/DEFENSE PRODUCTS & SERVICES | 95 | 93.75 |
| Federal Mogul Corp | FDML | CONSUMER GOODS | AUTO PARTS | 95 | 97.5 |
| Hub Group Inc | HUBG | SERVICES | AIR DELIVERY & FREIGHT SERVICES | 95 | 96.25 |
| Lennox Int'l | LII | CONSUMER GOODS | APPLIANCES | 95 | 93.75 |
| Olin Corp | OLN | BASIC MATERIALS | COPPER | 95 | 92.5 |
| Oshkosh Truck | OSK | CONSUMER GOODS | TRUCKS & OTHER VEHICLES | 95 | 93.75 |
| S P X Corp. | SPW | INDUSTRIAL GOODS | DIVERSIFIED MACHINERY | 95 | 93.75 |
| Tenneco Automotive | TEN | CONSUMER GOODS | AUTO PARTS | 95 | 92.5 |
| TiVo Inc | TIVO | SERVICES | CATV SYSTEMS | 95 | 91.25 |
| Tempur Pedic | TPX | CONSUMER GOODS | HOME FURNISHING & FIXTURES | 95 | 96.25 |
| Trinity Industries Inc | TRN | SERVICES | RAILROADS | 95 | 90 |
| Toro Corp | TTC | INDUSTRIAL GOODS | SMALL TOOLS & ACCESSORIES | 95 | 96.25 |
| Wendy's International Inc | WEN | SERVICES | RESTAURANTS | 95 | 92.5 |
| WORST | |||||
| Casey's Gen'l Store | CASY | SERVICES | GROCERY STORES | 30 | 27.5 |
| Cooper Tire and Rubber Co | CTB | CONSUMER GOODS | RUBBER & PLASTICS | 30 | 33.75 |
| Dsw Inc Cl A | DSW | SERVICES | APPAREL STORES | 30 | 33.75 |
| Fairchild Semi | FCS | TECHNOLOGY | SEMICONDUCTOR- INTEGRATED CIRCUITS | 30 | 28.75 |
| Hudson City Bancorp | HCBK | FINANCIALS | SAVINGS & LOANS | 30 | 38.75 |
| J D S Uniphase | JDSU | TECHNOLOGY | COMMUNICATION EQUIPMENT | 30 | 31.25 |
| Newfield Expl Co | NFX | BASIC MATERIALS | INDEPENDENT OIL & GAS | 30 | 35 |
| Thor Industries | THO | CONSUMER GOODS | RECREATIONAL VEHICLES | 30 | 31.25 |
| Thoratec | THOR | HEALTHCARE | MEDICAL INSTRUMENTS & SUPPLIES | 30 | 33.75 |
Commentary:
The best scoring mid cap industry is industrial electrical equipment (LFUS, BDC). Trucking (HTLD, ODFL) offers upside on expectations for capacity driven price increases and improving GDP. Education (LOPE, DV) companies are moving higher on enrollment expectation tied to job growth and easing credit markets. Semi equipment (TER) and broad line semi (ATML) round out the top scoring mid cap industries -- in keeping with historical seasonal spring peaking in book-to-bill ratios.
In mid cap basics, buy steel & iron (CRS, CMC, STLD) and synthetics (CMP, POL). Rebounding European auto demand helps support steel pricing. Shifts to value added products and services support service centers. In consumer, focus on business equipment (DBD, PAY), auto parts (TEN, FDML), and processed & packaged goods (HAIN, FLO). The top financials baskets are investment brokers (SF, GHL), asset managers (AB, EV), and accident & health insurance (CNO, AIZ). In healthcare, buy medical instruments (NUVA, PKI) and hospitals (THC, LPNT). Every mid cap industrial group scores above average. Buy industrial electrical equipment, aerospace/defense (ESL, CW, TDY), and residential construction (NVR, RYL). The top services industries are trucking, education, and restaurants (WEN, EAT, PZZA). In technology, concentrate on semi equipment, semi broad line, and technical & system software (ACIW, TYL, MCRS).
| MID CAP INDUSTRY SCORE BY SECTOR | 1/23/2014 | |
| Sector | INDUSTRY | SCORE |
| BASIC MATERIALS | STEEL & IRON | 75.00 |
| BASIC MATERIALS | SYNTHETICS | 73.75 |
| BASIC MATERIALS | OIL & GAS DRILLING & EXPLORATION | 68.75 |
| BASIC MATERIALS | INDUSTRIAL METALS & MINERALS | 61.67 |
| BASIC MATERIALS | OIL & GAS EQUIPMENT & SERVICES | 58.33 |
| BASIC MATERIALS | INDEPENDENT OIL & GAS | 53.75 |
| BASIC MATERIALS | SPECIALTY CHEMICALS | 51.67 |
| CONSUMER GOODS | BUSINESS EQUIPMENT | 77.50 |
| CONSUMER GOODS | AUTO PARTS | 77.00 |
| CONSUMER GOODS | PROCESSED & PACKAGED GOODS | 75.00 |
| CONSUMER GOODS | TEXTILES | 73.00 |
| CONSUMER GOODS | PACKAGING & CONTAINERS | 68.33 |
| FINANCIALS | INVESTMENT BROKERAGE | 80.00 |
| FINANCIALS | ASSET MANAGEMENT | 78.33 |
| FINANCIALS | ACCIDENT & HEALTH INSURANCE | 76.67 |
| FINANCIALS | REGIONAL BANKS | 74.09 |
| FINANCIALS | REITS | 57.65 |
| FINANCIALS | SURETY & TITLE INSURANCE | 55.00 |
| HEALTHCARE | MEDICAL INSTRUMENTS & SUPPLIES | 73.00 |
| HEALTHCARE | HOSPITALS | 72.50 |
| HEALTHCARE | BIOTECHNOLOGY | 62.50 |
| INDUSTRIAL GOODS | INDUSTRIAL ELECTRICAL EQUIPMENT | 90.00 |
| INDUSTRIAL GOODS | AEROSPACE/DEFENSE PRODUCTS & SERVICES | 78.57 |
| INDUSTRIAL GOODS | RESIDENTIAL CONSTRUCTION | 76.67 |
| INDUSTRIAL GOODS | DIVERSIFIED MACHINERY | 71.25 |
| SERVICES | TRUCKING | 86.67 |
| SERVICES | EDUCATION & TRAINING SERV | 85.00 |
| SERVICES | RESTAURANTS | 75.00 |
| SERVICES | BUSINESS SERVICES | 73.50 |
| SERVICES | SPECIALTY RETAIL, OTHER | 71.25 |
| SERVICES | RENTAL & LEASING SERVICES | 68.75 |
| SERVICES | DEPARTMENT STORES | 68.33 |
| SERVICES | MOVIE PRODUCTION, THEATERS | 63.33 |
| SERVICES | APPAREL STORES | 62.00 |
| SERVICES | TECHNICAL SERVICES | 61.67 |
| SERVICES | AUTO DEALERSHIPS | 60.00 |
| TECHNOLOGY | SEMICONDUCTOR EQUIPMENT & MATERIALS | 85.00 |
| TECHNOLOGY | SEMICONDUCTOR-BROAD LINE | 81.25 |
| TECHNOLOGY | TECHNICAL & SYSTEM SOFTWARE | 80.00 |
| TECHNOLOGY | SCIENTIFIC & TECHNICAL INSTRUMENTS | 78.00 |
| TECHNOLOGY | BUSINESS SOFTWARE & SERVICES | 76.67 |
| TECHNOLOGY | COMPUTER PERIPHERALS | 68.00 |
| TECHNOLOGY | INFORMATION & DELIVERY SERVICES | 65.00 |
| TECHNOLOGY | SEMICONDUCTOR- INTEGRATED CIRCUITS | 61.67 |
| TECHNOLOGY | COMMUNICATION EQUIPMENT | 59.00 |
| TECHNOLOGY | PRINTED CIRCUIT BOARDS | 48.33 |
| UTILITIES | GAS UTILITIES | 55.00 |
None.
Comments
