Mid Cap Report- Best And Worst
The highest scoring names in mid cap from 1 year ago (3/27/2013) returned 170 bps more than the S&P 500. The best performers have been ILMN up 179%, NFLX up 99%, GMCR up 90%, SIVB up 85%, and VRX up 77%.
- Consumer goods is the top scoring mid cap sector.
- Drillers are the top industry.
The average mid cap score is 58.97, below the four week moving average score of 63.32. NOTE: Scores will shift to reflect Q2 seasonality next week. The average mid cap is trading -12.6% below its 52 week high, 4.58% above its 200 dma, has 5.68 days to cover held short, and is expected to post EPS growth of 18.9% next year.
The best scoring mid cap sectors are consumer goods and financials. Services, basics, technology, and industrial goods score in line with the average universe score. Healthcare and utilities score below average.
| MID CAP | 3/20/2014 | 3/27/2014 | 4 Week MA | |||
| Company Name | Symbol | Sector | INDUSTRY | SCORE | SCORE | SCORE |
| BEST | ||||||
| Cavium Networks | CAVM | TECHNOLOGY | SEMICONDUCTOR- BROAD LINE | 105 | 90 | 103.75 |
| Cadence Design | CDNS | TECHNOLOGY | TECHINICAL & SYSTEM SOFTWARE | 105 | 90 | 103.75 |
| Teradyne | TER | TECHNOLOGY | SEMICONDUCTOR EQUIPMENT & MATERIALS | 105 | 90 | 98.75 |
| Conseco Inc | CNO | FINANCIALS | ACCIDENT & HEALTH INSURANCE | 100 | 85 | 98.75 |
| First Tennessee | FHN | FINANCIALS | REGIONAL BANKS | 100 | 85 | 90 |
| Heartland Express | HTLD | SERVICES | TRUCKING | 105 | 85 | 98.75 |
| Int'l Rectifier | IRF | TECHNOLOGY | SEMICONDUCTOR- INTEGRATED CIRCUITS | 100 | 85 | 101.25 |
| I T T Corp | ITT | INDUSTRIAL GOODS | DIVERSIFIED MACHINERY | 100 | 85 | 97.5 |
| Alliance Bernstein | AB | FINANCIALS | ASSET MANAGEMENT | 100 | 80 | 93.75 |
| C B L & Assoc | CBL | FINANCIALS | REITS | 65 | 80 | 68.75 |
| Commercial Metals Co | CMC | BASIC MATERIALS | STEEL & IRON | 75 | 80 | 83.75 |
| Carpenter Technology Corp. | CRS | BASIC MATERIALS | STEEL & IRON | 75 | 80 | 75 |
| Flowers Foods | FLO | CONSUMER GOODS | PROCESSED & PACKAGED GOODS | 65 | 80 | 72.5 |
| Genesco Inc. | GCO | SERVICES | APPAREL STORES | 100 | 80 | 95 |
| Littelfuse | LFUS | INDUSTRIAL GOODS | INDUSTRIAL ELECTRICAL EQUIPMENT | 95 | 80 | 92.5 |
| Molina Healthcare | MOH | HEALTHCARE | HEALTH CARE PLANS | 70 | 80 | 87.5 |
| Olin Corp | OLN | BASIC MATERIALS | COPPER | 95 | 80 | 87.5 |
| Stifel Fin'l | SF | FINANCIALS | INVESTMENT BROKERAGE | 100 | 80 | 93.75 |
| Terex Corp | TEX | INDUSTRIAL GOODS | FARM & CONSTRUCTION MACHINERY | 95 | 80 | 92.5 |
| TiVo Inc | TIVO | SERVICES | CATV SYSTEMS | 75 | 80 | 83.75 |
| Dealertrack Hldgs Inc | TRAK | TECHNOLOGY | APPLICATION SOFTWARE | 100 | 80 | 97.5 |
| Ultra Petroleum Corp. | UPL | BASIC MATERIALS | INDEPENDENT OIL & GAS | 95 | 80 | 92.5 |
| Wintrust Fin'l | WTFC | FINANCIALS | REGIONAL BANKS | 100 | 80 | 88.75 |
| Teleflex | TFX | HEALTHCARE | MEDICAL INSTRUMENTS & SUPPLIES | 100 | 80 | 96.25 |
| WORST | ||||||
| Anglogold | AU | BASIC MATERIALS | GOLD | 55 | 30 | 47.5 |
| Casey's Gen'l Store | CASY | SERVICES | GROCERY STORES | 35 | 30 | 32.5 |
| Cumulus Media | CMLS | SERVICES | RADIO BROADCASTING | 30 | 30 | 37.5 |
| Janus Capital Group Inc | JNS | FINANCIALS | ASSET MANAGEMENT | 30 | 30 | 37.5 |
| Select Medical | SEM | HEALTHCARE | HOSPITALS | 55 | 30 | 47.5 |
Market seasonality shifts neutral for the coming three month period.
The best scoring mid cap industry is drillers (RDC, ATW). Textiles (WWW, SKX, COLM) score strongly. Clothing and accessories retail sales were up 1.9% year-over-year for the three months ending February 28th. Steel & iron (CRS, CMC, STLD) offer seasonal upside. Industrial production of fabricated metals grew 2.6% year-over-year in February. Production of auto products increased 6.9% from a year ago. Auto markets continue to improve in Europe, with passenger car registrations climbing 8% year-over-year in February (the 6th consecutive month of improvement). Appliances also support metal demand given industry appliance unit volume grew 9% in 2013 and is expected up 5-7% in 2014.
Education (DV) and processed & packaged goods (FLO, GIS) round out the best mid cap industry ranking this week.
In mid cap basics, buy drillers, steel & iron, and independent oil & gas (UPL, ROSE). Every mid cap consumer goods industry scores above average, led by textiles, processed & packaged goods, and business equipment (DBD, PAY). In financials, focus on regional banks (FHN, WTFC, FFIN) and asset managers (AB, EV).
Commercial and industrial loans held at commercial banks has eclipsed recession era highs, rising to $1,651 billion in February, up from $1,581 billion in October, and $1,512 billion a year ago. Easing standards suggests consumer loan volume acceleration this year..
In healthcare, buy medical instruments (TFX, MR, HAE). Industrial electrical equipment (LFUS), diversified machinery (ITT, MIDD), and residential construction (NVR) score highest in industrial goods. In services, buy education, trucking (HTLD), and apparel (GCO, ANN, AEO). The best technology groups are technical & system software (CDNS), semi equipment (TER), and computer peripherals (ZBRA, NICE).
| MID CAP INDUSTRY SCORE BY SECTOR | 3/27/2014 | |
| Sector | INDUSTRY | SCORE |
| BASIC MATERIALS | OIL & GAS DRILLING & EXPLORATION | 67.50 |
| BASIC MATERIALS | STEEL & IRON | 65.71 |
| BASIC MATERIALS | INDEPENDENT OIL & GAS | 61.25 |
| BASIC MATERIALS | OIL & GAS EQUIPMENT & SERVICES | 60.00 |
| BASIC MATERIALS | SYNTHETICS | 58.75 |
| BASIC MATERIALS | INDUSTRIAL METALS & MINERALS | 56.67 |
| BASIC MATERIALS | SPECIALTY CHEMICALS | 41.67 |
| CONSUMER GOODS | TEXTILES | 67.00 |
| CONSUMER GOODS | PROCESSED & PACKAGED GOODS | 65.00 |
| CONSUMER GOODS | BUSINESS EQUIPMENT | 62.50 |
| CONSUMER GOODS | PACKAGING & CONTAINERS | 61.67 |
| CONSUMER GOODS | AUTO PARTS | 61.00 |
| FINANCIALS | REGIONAL BANKS | 63.64 |
| FINANCIALS | ASSET MANAGEMENT | 63.00 |
| FINANCIALS | ACCIDENT & HEALTH INSURANCE | 61.67 |
| FINANCIALS | REITS | 60.29 |
| FINANCIALS | INVESTMENT BROKERAGE | 58.75 |
| FINANCIALS | SURETY & TITLE INSURANCE | 51.67 |
| HEALTHCARE | MEDICAL INSTRUMENTS & SUPPLIES | 61.50 |
| HEALTHCARE | HOSPITALS | 52.00 |
| HEALTHCARE | BIOTECHNOLOGY | 50.45 |
| INDUSTRIAL GOODS | INDUSTRIAL ELECTRICAL EQUIPMENT | 63.75 |
| INDUSTRIAL GOODS | DIVERSIFIED MACHINERY | 61.25 |
| INDUSTRIAL GOODS | RESIDENTIAL CONSTRUCTION | 60.00 |
| INDUSTRIAL GOODS | AEROSPACE/DEFENSE PRODUCTS & SERVICES | 53.75 |
| SERVICES | EDUCATION & TRAINING SERV | 65.00 |
| SERVICES | TRUCKING | 65.00 |
| SERVICES | APPAREL STORES | 64.50 |
| SERVICES | RESTAURANTS | 61.43 |
| SERVICES | BUSINESS SERVICES | 60.00 |
| SERVICES | DEPARTMENT STORES | 60.00 |
| SERVICES | RENTAL & LEASING SERVICES | 58.00 |
| SERVICES | MOVIE PRODUCTION, THEATERS | 55.00 |
| SERVICES | SPECIALTY RETAIL, OTHER | 55.00 |
| SERVICES | AUTO DEALERSHIPS | 53.33 |
| SERVICES | TECHNICAL SERVICES | 48.33 |
| TECHNOLOGY | TECHiNICAL & SYSTEM SOFTWARE | 63.00 |
| TECHNOLOGY | SEMICONDUCTOR EQUIPMENT & MATERIALS | 61.67 |
| TECHNOLOGY | COMPUTER PERIPHERALS | 61.00 |
| TECHNOLOGY | SEMICONDUCTOR- INTEGRATED CIRCUITS | 60.00 |
| TECHNOLOGY | SEMICONDUCTOR-BROAD LINE | 60.00 |
| TECHNOLOGY | INFORMATION & DELIVERY SERVICES | 58.33 |
| TECHNOLOGY | PRINTED CIRCUIT BOARDS | 56.67 |
| TECHNOLOGY | SCIENTIFIC & TECHNICAL INSTRUMENTS | 56.67 |
| TECHNOLOGY | BUSINESS SOFTWARE & SERVICES | 56.11 |
| TECHNOLOGY | COMMUNICATION EQUIPMENT | 55.00 |
| UTILITIES | GAS UTILITIES | 53.33 |
None.
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