Performance - Week Ending 07/03/2014
The Wax Ink Portfolio was up 1.8% for the week. By comparison, the Dow was up 1.3%, the Nasdaq was up 2.0%, the S&P 500 was down 1.2%, the Russell 2000 was up 1.6%, and the Volatility Index, commonly known as the VIX, was down 8.3%.
Year to date, the Wax Ink portfolio is up 0.9%, the Dow is up 3.0%, the Nasdaq is up 7.4%, the S&P 500 is up 7.4%, the Russell 2000 is up 1.6%, and the VIX is lower by 24.8%.
The portfolio breakdown is 55% equities, 45% cash, and 0% bonds. There was no change to the total number of shares held.
This week's winners were specialty contractor URS Corporation (NYSE: URS), up 12%, municipal contractor Layne Christensen Company (Nasdaq: LAYN), up 7%, and infrastructure supplier LB Foster Company (Nasdaq: FSTR), up 4%.
This week's punch bowl floaters were small tool maker The LS Starrett Company (NYSE: SCX), down 3%, steel cylinder maker Worthington Industries (NYSE: WOR), down 1%, and ag chemicals company Agrium(NYSE: AGU), down 1%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 30% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 32% since being added to the portfolio.
Worksheets were updated this week for:
Transocean Ltd. (NYSE: RIG), Baker Hughes, Inc. (NYSE: BHI), Kodiak Oil and Gas Corporation (NYSE: KOG), Modine Manufacturing Company (NYSE: MOD), and Kinder Morgan, Inc. (NYSE: KMI).
Also, Value Alerts were issued this week for Modine Manufacturing , and Baker Hughes.
Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name. Thanx.
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