Performance - Week Ending 01/17/2014
The Wax Ink Portfolio was up 0.1% for the week. By comparison, the Dow was up 0.1%, the Nasdaq was up 0.5%, the S&P 500 was down 0.2%, the Russell 2000 was up 0.3%, and the Volatility Index, commonly known as the VIX, increased by 2.5%.
Year to date, the Wax Ink portfolio is down 0.6%, the Dow is down 0.7%, the Nasdaq is up 0.5%, the S&P 500 is down 0.5%, the Russell 2000 is up 0.4%, and the VIX is lower by 9.3%.
The portfolio breakdown remains roughly 67% equities, 33% cash, and 0% bonds.
This week's darlings of the portfolio were pill maker Cubist Pharmaceuticals (Nasdaq: CBST), up 6%, metals processor Worthington Industries (NYSE: WOR), up 4%, and agricultural chemicals company Agrium (NYSE:AGU), up 3%.
This week's portfolio stinkers were after market auto parts maker Dorman Products (Nasdaq: DORM), down 7%, rubbers king Goodyear Tire and Rubber (NYSE: GT), down 6%, and oil refiner Holly Frontier (NYSE: HFC), down 4%.
This week’s straining to go stocks remain garage door and telephone headset maker Griffon
Corporation (NYSE: GFF), down 21% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 9% since being added to the portfolio.