ST50, IBD50, INx watchlist and portfolio update. ULTA pops.
When we look the performance of our benchmark indices this week, it is clear that different segments of the market are not moving in lockstep:
- NASDAQ 100: -0.50%
- NASDAQ Composite: -0.19%
- DJIA: -2.21%
- S&P500: -1.68%
- Russell 2000: +1.69% (yes, that’s over a 3% delta to the S&P500)
- Wilshire 5000: -1.55%
Maybe we are seeing the impact of the poor performance of some of the larger financials here, but I should tell you that comment is based on supposition, not research. Keep these numbers in mind as we review our watchlist and portfolio performance. All numbers from Friday night to Friday night.
Also looking back to last week it appears my comments about the Swissy and Europe turned out to be somewhat prophetic. I wish I could pick stocks with such accuracy.
Our monthly IBD 50 Top10-based portfolio rose 3% to $53,919, helped as we will see by a holding of ULTA. The INx portfolio fell 1.08% to $99,811. The ST50 Top10 weekly portfolio was up 1.92% to $105,695.
From the watchlists the IBD50 Top10 has it this week with a 3% hike (8W2L) largely on the back of a 23.71% leap from ULTA. The full list was up 0.72% with 24W26L. The ST50 Top-10 gained 1.11% also with 8W2L. RIC +8.02% and CVV -8.97% bracketed the list. The full ST50 list gained 1.04% 32W18L. The IntersectioNx list gained 0.10% 6W4L.
As we saw last week with MITK, one stock can make a huge difference to watchlist performance. Last week the beneficiary was the ST50, this week it’s the IBD50 and the stock is ULTA which leapt on better earnings. Talk about a news driven market and any port in a storm:
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