"Media is HOT" portfolio is getting killed today...
Getting severely killed.
While the market is down only a fraction of a percent, my Media is HOT portfolio is down 3.4%
Most notably, MNI is down 8.5%, LEE is down 7%, MEG is down 6.3%, SSP and SALM are down 5%, and GCI is down 4%.
Not a good day for media. Not at all. Actually, quite a few of the stocks from this portfolio got a 30% haircut since this correction started a few weeks ago.
However, there is some good news.
This same portfolio of 14 media stocks is up 67.4% since it was created on 10/5/09 in this post here. During the same time frame, S&P returned -0.4%.
In othere words, if you invested $10,000 in the Media is HOT portfolio on 10/5/09 (same amount of money in each stock), you would now be sitting on $16,740. If you invested those same $10,000 in S&P 500, you would now have only $9,960. Who would think?
Most notable winners are SBSA up 188%, EMMS up 130%, SBGI up 98%, ETM up 94%, and MNI up 77%.
What I find most interesting is that every single stock from this portfolio is still nicely outperforming the S&P 500. Yes, even during this brutal correction. The worst performer of these 14 stocks is SSP, up 14.6%.
I thought you might find this interesting too.
Good Luck All!