Style Shift
In recent times market has been favoring large cap growth. Large cap stocks have been flying for sometime now. The move started many months back. The small caps are in dog house.
Here is a list of large cap stocks in top decile in terms of relative strength currently:
AAPL,Apple Inc (Google Yahoo Earnings Chart)
ABB,Abb Ltd (Google Yahoo Earnings Chart)
ABX,Barrick Gold Corp (Google Yahoo Earnings Chart)
ACGY,Acergy S.A. Ads (Google Yahoo Earnings Chart)
ACH,Aluminum Corp China (Google Yahoo Earnings Chart)
ACP,American Real Estate Prt (Google Yahoo Earnings Chart)
AEM,Agnico-Eagle Mines Ltd (Google Yahoo Earnings Chart)
AGU,Agrium Inc (Google Yahoo Earnings Chart)
AHO,Ahold N.V. (Google Yahoo Earnings Chart)
AL,Alcan Inc. (Google Yahoo Earnings Chart)
AMZN,Amazon.Com Inc (Google Yahoo Earnings Chart)
AV,Avaya Inc (Google Yahoo Earnings Chart)
AVT,Avnet Inc (Google Yahoo Earnings Chart)
BBL,BHP Billiton Plc Ads (Google Yahoo Earnings Chart)
BCE,Bce Inc (Google Yahoo Earnings Chart)
BG,Bunge Ltd (Google Yahoo Earnings Chart)
BHP,BHP Billiton Ltd (Google Yahoo Earnings Chart)
BIDU,Baidu.com Inc (Google Yahoo Earnings Chart)
BIIB,Biogen Idec Inc (Google Yahoo Earnings Chart)
BVN,Compania De Minas Buena (Google Yahoo Earnings Chart)
CAM,Cameron International Corp (Google Yahoo Earnings Chart)
CELG,Celgene Corp (Google Yahoo Earnings Chart)
CEO,CNOOC Ltd Adr (Google Yahoo Earnings Chart)
CGV,Cgg Veritas (Google Yahoo Earnings Chart)
CHL,China Mobile Ltd (Google Yahoo Earnings Chart)
CHU,China Unicom Ltd Ads (Google Yahoo Earnings Chart)
CMI,Cummins Inc (Google Yahoo Earnings Chart)
CNH,Cnh Global Nv (Google Yahoo Earnings Chart)
CNQ,Canadian Natural Res Ltd (Google Yahoo Earnings Chart)
COP,ConocoPhillips (Google Yahoo Earnings Chart)
CSCO,Cisco Systems Inc (Google Yahoo Earnings Chart)
CYTC,Cytyc Corporation (Google Yahoo Earnings Chart)
DADE,Dade Behring Holdings Inc (Google Yahoo Earnings Chart)
DE,Deere & Co (Google Yahoo Earnings Chart)
DISCA,Discovery Holding Co Class A (Google Yahoo Earnings Chart)
DNR,Denbury Resources Ltd (Google Yahoo Earnings Chart)
DO,Diamond Offshre Drilling (Google Yahoo Earnings Chart)
DVA,Davita Inc (Google Yahoo Earnings Chart)
EBAY,Ebay Inc (Google Yahoo Earnings Chart)
EMC,Emc Corp (Google Yahoo Earnings Chart)
ENR,Energizer Holdings (Google Yahoo Earnings Chart)
ESRX,Express Scripts Inc (Google Yahoo Earnings Chart)
EXPE,Expedia Inc (Google Yahoo Earnings Chart)
FCX,Freeport Mcmoran C&G B (Google Yahoo Earnings Chart)
FDG,Fording Canadian Coal Trust (Google Yahoo Earnings Chart)
FLR,Fluor Corp (New) (Google Yahoo Earnings Chart)
FSLR,First Solar Inc (Google Yahoo Earnings Chart)
FTI,Fmc Technologies (Google Yahoo Earnings Chart)
FWLT,Foster Wheeler Ltd (Google Yahoo Earnings Chart)
GME,Gamestop Corp (Google Yahoo Earnings Chart)
GR,Goodrich Corp (Google Yahoo Earnings Chart)
GRMN,Garmin Ltd (Google Yahoo Earnings Chart)
HDB,HDFC Bank Limited (Google Yahoo Earnings Chart)
HLT,Hilton Hotels Corp (Google Yahoo Earnings Chart)
HUN,Huntsman (Google Yahoo Earnings Chart)
ICE,Intercontinental Exchange Inc (Google Yahoo Earnings Chart)
INTC,Intel Corp (Google Yahoo Earnings Chart)
ISRG,Intuitive Surgical Inc (Google Yahoo Earnings Chart)
JEC,Jacobs Engineering Group (Google Yahoo Earnings Chart)
JNC,Nuveen Investments Inc Cl A (Google Yahoo Earnings Chart)
JNPR,Juniper Networks (Google Yahoo Earnings Chart)
KBR,KBR Inc. (Google Yahoo Earnings Chart)
LFC,China Life Insurance Company (Google Yahoo Earnings Chart)
LFL,Lan Chile Sa (Google Yahoo Earnings Chart)
LUK,Leucadia National Corp (Google Yahoo Earnings Chart)
LVS,Las Vegas Sands (Google Yahoo Earnings Chart)
LYO,Lyondell Chemical Co (Google Yahoo Earnings Chart)
MA,MasterCard Inc (Google Yahoo Earnings Chart)
MDR,Mcdermott Internat Inc (Google Yahoo Earnings Chart)
MGM,MGM MIRAGE Inc (Google Yahoo Earnings Chart)
MHS,Medco Health Solutions (Google Yahoo Earnings Chart)
MON,Monsanto Co (Google Yahoo Earnings Chart)
MOS,Mosaic Company (Google Yahoo Earnings Chart)
MT,Arcelor Mittal (Google Yahoo Earnings Chart)
MTL,Mechel Steel Group OAO ADS (Google Yahoo Earnings Chart)
NHY,Norsk Hydro As Adr (Google Yahoo Earnings Chart)
NOK,Nokia Corp Ads (Google Yahoo Earnings Chart)
NOV,National Oilwell Varco Inc (Google Yahoo Earnings Chart)
NVDA,NVIDIA Corporation (Google Yahoo Earnings Chart)
NVO,Novo Nordisk A/S (Google Yahoo Earnings Chart)
NVT,Navteq Corp (Google Yahoo Earnings Chart)
OI,Owens Illinois Inc (Google Yahoo Earnings Chart)
OXY,Occidental Petro Cp (Google Yahoo Earnings Chart)
PBR,Petroleo Brasileiro S.A. Petrobras ADS (Google Yahoo Earnings Chart)
PBR.A,Petroleo Brasileiro S.A. Petrobras ADS Class A (Google Yahoo Earnings Chart)
PCP,Precision Castparts Corp (Google Yahoo Earnings Chart)
PCU,Southern Copper Corp (Google Yahoo Earnings Chart)
PCZ,Petro-Canada (Google Yahoo Earnings Chart)
PKX,Posco (Google Yahoo Earnings Chart)
POT,Potash Cp Saskatchewan (Google Yahoo Earnings Chart)
RCI,Rogers Commun B Non-Votg (Google Yahoo Earnings Chart)
RIG,Transocean Inc (Google Yahoo Earnings Chart)
RIMM,Research In Motion Ltd (Google Yahoo Earnings Chart)
RIO,Companhia Vale Do Rio Doce (Google Yahoo Earnings Chart)
ROS,Rostelecom (Google Yahoo Earnings Chart)
RRI,Reliant Energy Inc (Google Yahoo Earnings Chart)
RTN,Raytheon Co (Google Yahoo Earnings Chart)
RTP,Rio Tinto Plc Adr (Google Yahoo Earnings Chart)
SAP,Sap Ag Ads (Google Yahoo Earnings Chart)
SBS,Companhia De Saneamento B (Google Yahoo Earnings Chart)
SID,Companhia Siderurgica Nacional S.A. (Google Yahoo Earnings Chart)
SII,Smith Internat Inc (Google Yahoo Earnings Chart)
SJR,Shaw Communications Cl B (Google Yahoo Earnings Chart)
SLB,Schlumberger Ltd (Google Yahoo Earnings Chart)
SPWR,SunPower Corp (Google Yahoo Earnings Chart)
SSL,Sasol Ltd Adr (Google Yahoo Earnings Chart)
STO,Statoil Asa (Google Yahoo Earnings Chart)
SU,Suncor Energy (Google Yahoo Earnings Chart)
TEF,Telefonica Sa (Google Yahoo Earnings Chart)
TKC,Turkcell Iletisim Hizmetleri ADS (Google Yahoo Earnings Chart)
TNE,Tele Norte Leste Partic (Google Yahoo Earnings Chart)
TSP,Telecom De Sao Paulo Sa (Google Yahoo Earnings Chart)
USM,U.S. Cellular Corp (Google Yahoo Earnings Chart)
VIP,Vimpel Communication Ads (Google Yahoo Earnings Chart)
VOD,Vodafone Group Plc (Google Yahoo Earnings Chart)
VRTX,Vertex Pharmaceuticals (Google Yahoo Earnings Chart)
WFT,Weatherford International Ltd (Google Yahoo Earnings Chart)
WYNN,Wynn Resorts Ltd (Google Yahoo Earnings Chart)
ZNH,China Southern Airlns Co (Google Yahoo Earnings Chart)
There are many reason for such a shift. The large caps have underperformed for some time so they are catching up. Most measures of valuation show under valuation for them. The weak dollar effect. Later stage of bull market favors large cap. Flight to safety and many other reasons. But currently large caps is where the mojo is.
11 comments:
Take a peek on my Neopolean and China Syndrome stories.
Have fun,
Mkt Swimmer
Pradeep,
I made two donations, one of $20 and one of $30.
Thanks for allowing me access. Your work is fabulous.
David
Is the $50 donation a one-time donation or is it a monthly donation? It is a reasonable method, in my opinion.
could you write a post explaining the reason behind the new member only area? Why do you need a donation? Isn't this like doing a paying newsletter like many are doing? (I remember that your were opposed to that before).
Barbara
It is one time donation for yearly access.
James
Primarily for three reasons:
1 Some entities and individuals have offered incentive to take Market Monitor private and have exclusive access to the signal and analysis and further development of the timing model.
2 Voluntary efforts like EP list and Earnings list died natural death when the interest waned when I went to India. So many of the traders using that information requested for it and offered donations to continue those efforts.
3 To pay for hosting cost once I shift the data to hosted site from current arrangements.
Pradeep:
Thank you but I'll pass for the moment. Market Monitor is not rocket science and it easy to replicate (I'm a programmer and I already have the data on my HD updated daily). I didn't do it before because your market monitor was convenient.
And for the Earnings list, I think that it is better that I do the research myself as it is a learning process and I don't want to rely too much on another person.
However, I'll be happy to continue reading your blog if it still remains open.
Pradeep,
Does previous' donations' count? I donated twice before in the last 2 months
Pradeep
Which Real Estate stock has the best chance of coming out of this turmoil intact? RYL? TOL? Maybe someone else?
Thanks
Hector
Is it under R.. R... Or send me an email, and I will process the invite.
Andy
Probably MDC and DHI
well, I guess it was nice while it lasted. I knew this o similar would happen sooner or later. It's sad but logic rules. Thanks for the long time you shared with us all your views.
Best.
Hi Pradeep!
It was not clear to me two days ago that you are creating a special members section that requires a donation of $ 50.00 Now you suddenly post this requirement and also do not accept any more members. Is it the way you want to treat your old faithful readers of your blog? Now I know that , I am willing to donate the $ 50.00 would you give me the opportunity to be a member?
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