120112 No BS Investor Rankings Update

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  • 8/3/2019 120112 No BS Investor Rankings Update

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    Weekly Market Update

    Stock and ETF Rankings

    PLUS

    Thursday January 12, 2012

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    This is David Cohne, Head Strategist forNo BS Investor, with your weekly marketupdate and ETF & Stock Rankings.

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    Through January 12th, the S&P 500

    is up 3.0% for the year, the DowJones Industrial Average is up 2.1%,the Nasdaq is up 4.6% and the

    EAFE index, which tracks theinternational markets is up 0.7% forthe year. Our No BS ETF Trader

    model is up 2.3%.

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    Most of the major indices endedthe day positive. This was mostly

    due to solid Italian & Spanishbond auctions in Europe andfalling oil prices. Oil prices fellbelow $100 a barrel. The topindustries of the day were

    industrials and materials.

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    In addition the European Central

    Bank announced that it will notchange the benchmark interestrate. Some commodity prices were

    very volatile today after the USDAreported a larger than expectedsupply of grains. This hurt corn and

    wheat prices.

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    In other economic news, weekly initialjobless claims grew to 399K and retailsales climbed just 0.1% last month. In

    better news, 30 Year fixed ratemortgages fell to a record low of 3.89percent. This was a result of the 10 yearTreasury note falling below 2%. In

    addition, consumer confidence reachedits highest level since summer. TheBloomberg Consumer Comfort Index

    reported a figure of minus 44.7.

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    In corporate news, Chevron Corpreported that its fourth quarter profit

    would be much lower than the previousquarter. Chevron ended the day down2.6%. Wynn Resorts Ltd dropped 1.9%after its Vice Chairman sued thecompany. Multi-Fineline Electronix Inc, acreator of circuit boards reported betterthan expected preliminary quarterlysales. The stock finished the day up18%.

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    Weekly ETF Rankings

    1. (VIXY) ProShares Trust VIX Short Term2. (AMLP) Alerian MLP

    3. (USO) United States Oil

    4. (DBO) PowerShares DB Oil

    5. (KXI) iShares S&P Global Consumer Staples

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    Weekly Stock Rankings

    1. (AKRK) Asia Cork Inc2. (NEI) Network Engines Inc

    3. (ALN) American Lorain Corp

    4. (HFC) HollyFrontier Corp.

    5. (CBEH) China Integrated Energy Inc

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    Please note these are rankings and not

    suggested portfolio holdings. For moreinformation on model portfolios, pleasevisit http://www.nobsinvestor.com.

    Also visit our blog where you can viewone of our current modelshttp://nobsinvestor.com/blog/january-

    12th-weekly-market-update-rankings/

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