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Industry Group Analysis
This Week: Big Chart Update for the Week of January 14 1. Introduction 2. Groups That Are Heating Up 3. Groups That Are Cooling Off 4. On The Radar Screen This Week 5. Disclaimer ***********************Our Sponsor************************* Tech Buyback Portfolio Posts Stellar Gains: +39.23% YTD! David Fried knows a stock is undervalued when the company buys back its shares. That's how he earned 39.23% YTD in techs while the benchmark Nasdaq fell 21.82%. 'Buy these 5 techs today,' Fried says. Get them with a FREE trial: http://www.investools.com/c/go/BACK/WSCE-backTX4 *********************************************************** 1. Introduction The Big Chart is showing a more defensive stance, with commodities rising in rank - especially gold stocks. New York City area banking stocks have also been showing recent strength after reporting favorable earnings. Industry Group Analysis is just another of the many great reasons to be a subscriber to the WallStreetCity website. Besides great industry group analysis and incredible stock analysis, you also get access to the world's most powerful stock screening tool on the planet, ProSearch, all in one subcription package. However, we give you a 30-day FREE trial to this service to make sure it suits you, so give us a try. Click below to take a 30-day FREE trial. http://subs.wallstreetcity.com/c/go/XPRO/WSCE-bc011402s=S601&D=XWSC ____________________________________________________________ 2. Groups That Are Heating Up Multiple groups within the Basic sector have been showing strength as of late, though the most two most notable groups are Basic/Mining/Gold {.MGO} and Basic/Mining/Junior Gold {.MJG}. Gold prices rose throughout last week with Friday's closing price of $287.55 the highest since October 9. Part of the buying pressure was spurred by Bruce Hansen's, CFO of Newmont Mining {NEM}, prediction that gold could reach $300 per ounce. Gold stocks have also been bid up on merger speculation with NEM and AngloGold {AU} both trying to acquire Normandy Mining {NMDMF}. Other groups within the sector showing upward momentum include Basic/Mining/Copper {.MCP}, Basic/Paper-Products {.PAP}, Basic/Steel-Iron {.STE}, Basic/Steel-Iron/Minimill {.SMN}, and Basic/Steel-Iron/Specialties {.SOS}. Banks {.BAN}, Banks/Savings & Loan {.BSL}, and Banks/Savings Banks {.BSB} have rebounded recently, with the first group rising the to the 50th percentile for the first time in four weeks. Volume for mortgage and refinancing applications continues to be strong, but what was also helping the sector were New York City area banks. Commerce Bancorp {CBH} and Hudson City Bancorp {HCBK} both reported better than expected earnings last week, boosting prices of competitors Staten Island Bank {SIB} and Astoria Financial {ASFC}. Other groups with rising rankings include Beverages {.BEV}, Beverages/Bottlers {.BBO}, Broadcasting/Television {.BTV}, Electronics/Defense {.EDE}, Energy/Oil-Gas/Refiner {.ORF}, Finance/Leasing {.FLE}, Homes/Hotels-Motels-Inns {.HOT}, Home/Pet & Supplies {.PET}, Leisure/Musical Instruments {.LMU}, and Telecommunications/Satellite {.TSA}. To view the Big Chart click the link below. http://www.wallstreetcity.com/commentary/commentary_group_rotation.asp ____________________________________________________________ 3. Groups That Are Cooling Off The ranking for Vehicles/Auto Parts-Equipment {.APT} dropped materially last week, from the 56th percentile to the 36th percentile primarily because of the fallout from Ford's {F} problems. Ford announced that it would be laying off workers, closing several plants and ending production of certain models in an effort to return to profitability. Visteon {VC} was the most adversely affected because of its dependency on sales to Ford and because of a dispute with the automaker over price reductions. Magma {MGA} also sold-off following its first quarter earnings guidance. The guidance was inline, but had a lower end of the range, which caused concerned about weakening business conditions among many investors. Other groups with declining rankings include Building {.BUI}, Electronics/Radios-TV-Tape {.ERT}, Finance/Diversified Miscellaneous {.FDM}, Publishing/Textbooks {.PTE}, and Textiles/Leather Shoes/Producer {.LSP}. To view the Big Chart click the link below. http://www.wallstreetcity.com/commentary/commentary_group_rotation.asp ____________________________________________________________ 4. On The Radar Screen This Week Building/Homebuilding {.BHO} has been retreating off of its recent highs, pulling back for the third consecutive week to the 87th percentile. The pullback appears to be technical in nature, with many having set or trading near 52-week highs during the past few weeks. Given that a strong earnings report out of KB Homes {KBH} did little to renew buying interest, the group's direction may be dependant on overall market sentiment, with positive news appearing to have been already priced in - at least over the short-term. To view the Big Chart click the link below. http://www.wallstreetcity.com/commentary/commentary_group_rotation.asp ***********************Our Sponsor************************* Rip-Roaring Returns from the Post-September 2001 Rebound! Few profited as handsomely as Steve Harmon in today's market turnaround. For instance, his portfolio of travel security stocks is up an incredible +88% since 9/01. And the best is yet to come! Get a jump on 2002 with a FREE 30-day trial: http://www.investools.com/c/go/BRBN/WSCE-brbnTD2?s=S601 *********************************************************** 5. Disclaimer WallStreetCity's Industry Group Analysis is published solely for informational purposes and is not a solicitation or an offer to buy or sell any stock, mutual fund or other security. The information obtained from internal and external sources is considered reliable, but has not been independently verified for accuracy and completeness. WallStreetCity, its employees, and/or officers and directors, may from time to time have a position in the securities mentioned and may sell or buy such securities. Trading involves risk, including possible loss of principle and other losses. Trading results may vary. No representations are being made that these techniques will result in or guarantee profits in trading. Past performance is no indication of future results. 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