Mid Cap Stock Report
The highest scoring names in mid cap from 1 year ago (5/1/2013) returned 412 bps more than the S&P 500. The best performers have been ILMN up 119%, TRN up 84%, VRX up 81%, UA up 72%, and GMCR up 64%.
- Utilities is the top scoring mid cap sector.
- Trucking is the top scoring industry.
The average mid cap score is 51.67, which is below the four week moving average score of 53.32. The average mid cap is trading -15.86% below its 52 week high, -0.36% below its 200 dma, has 6.55 days to cover short, and is expected to grow EPS by 19% next year.
The best scoring mid cap sector is utilities. Basic materials and healthcare score above average. Financials and consumer goods score in line. Industrial goods, technology, and services score below average.
| MID CAP | 5/1/2014 | 4 Week MA | |||
| Company Name | Symbol | Sector | INDUSTRY | SCORE | SCORE |
| BEST | |||||
| Alliance Resource Partners LP | ARLP | BASIC MATERIALS | INDUSTRIAL METALS & MINERALS | 100 | 98.75 |
| Centene Corp | CNC | HEALTHCARE | HEALTH CARE PLANS | 100 | 75 |
| Dillard's Inc. | DDS | SERVICES | DEPARTMENT STORES | 100 | 78.75 |
| Frontier Comm. | FTR | TECHNOLOGY | TELECOM SERVICES - DOMESTIC | 100 | 102.5 |
| Home Properties | HME | FINANCIALS | REITS | 100 | 78.75 |
| Hub Group Inc | HUBG | SERVICES | AIR DELIVERY & FREIGHT SERVICES | 100 | 92.5 |
| Piedmont Natural Gas | PNY | UTILITIES | GAS UTILITIES | 100 | 100 |
| Questcor Pharma | QCOR | HEALTHCARE | BIOTECHNOLOGY | 100 | 97.5 |
| Aspen Insurance Hldng. | AHL | FINANCIALS | PROPERTY & CASUALITY INSURANCE | 95 | 87.5 |
| Globus Medical | GMED | HEALTHCARE | MEDICAL APPLIANCES & EQUIPMENT | 95 | 95 |
| Old Dominion Freight Line Inc | ODFL | SERVICES | TRUCKING | 95 | 86.25 |
| Ryder Systems | R | SERVICES | RENTAL & LEASING SERVICES | 95 | 93.75 |
| Taubman Centers | TCO | FINANCIALS | REITS | 95 | 95 |
| AERCap Holdings | AER | SERVICES | RENTAL & LEASING SERVICES | 90 | 91.25 |
| Carrizo Oil and Gas Inc | CRZO | BASIC MATERIALS | INDEPENDENT GAS & OIL | 90 | 92.5 |
| Douglas Emmett | DEI | FINANCIALS | REITS | 90 | 87.5 |
| General Mills | GIS | CONSUMER GOODS | PROCESSED & PACKAGED GOODS | 90 | 68.75 |
| Lifepoint Hospitals | LPNT | HEALTHCARE | HOSPITALS | 90 | 67.5 |
| Trinity Industries Inc | TRN | SERVICES | RAILROADS | 90 | 86.25 |
| Apartment Inv. & Mgmt. | AIV | FINANCIALS | REITS | 85 | 75 |
| Avista | AVA | UTILITIES | DIVERSIFIED UTILITIES | 85 | 85 |
| Cavium Networks | CAVM | TECHNOLOGY | SEMICONDUCTOR- BROAD LINE | 85 | 86.25 |
| Deckers Outdoor | DECK | CONSUMER GOODS | TEXTILES | 85 | 62.5 |
| Flextronics | FLEX | TECHNOLOGY | PRINTED CIRCUIT BOARDS | 85 | 87.5 |
| Heartland Express | HTLD | SERVICES | TRUCKING | 85 | 86.25 |
| John Wiley & Sons | JW.A | SERVICES | PUBLISHING-BOOKS | 85 | 76.25 |
| Newmarket Corp | NEU | BASIC MATERIALS | SPECIALTY CHEMICALS | 85 | 87.5 |
| New Jersey Resources | NJR | UTILITIES | GAS UTILITIES | 85 | 86.25 |
| Precision Drilling Corp | PDS | BASIC MATERIALS | OIL & GAS EQUIPMENT & SERVICES | 85 | 87.5 |
| RPC Inc | RES | BASIC MATERIALS | OIL & GAS EQUIPMENT & SERVICES | 85 | 83.75 |
| Ultra Petroleum Corp. | UPL | BASIC MATERIALS | INDEPENDENT OIL & GAS | 85 | 83.75 |
| Windstream Corp | WIN | TECHNOLOGY | TELECOM SERVICES - DOMESTIC | 85 | 88.75 |
| WORST | |||||
| Buffalo Wild Wings | BWLD | SERVICES | RESTAURANTS | 15 | 23.75 |
| Cathay General Bancorp | CATY | FINANCIALS | REGIONAL BANKS | 15 | 22.5 |
| GoGo Inc. | GOGO | TECHNOLOGY | DIVERSIFIED COMMUNICATION SERVICES | 15 | 16.25 |
| J D S Uniphase | JDSU | TECHNOLOGY | COMMUNICATION EQUIPMENT | 15 | 23.75 |
| Nokia | NOK | TECHNOLOGY | COMMUNICATION EQUIPMENT | 15 | 25 |
| Panera Bread Co. | PNRA | SERVICES | SPECIALTY EATERIES | 15 | 23.75 |
Mid cap typically struggles over the next three months as managers de-risk into summer. The MDY has gained in just 3 of the past 10 years in the period from May through July.
The following chart shows mid cap scores since 2010.
The best mid cap industry is trucking (ODFL, HTLD, KNX). Gas utilities (PNY, NJR) are strong scoring. Oil & Gas equipment and services (RES, PDS, HLX) are strong and benefit from seasonal tailwinds. However, May usually provides an opportunity to reduce exposure to them ahead of weakness in July and August. Industrial metals (ARLP) similarly score high. Coal benefits from seasonal utility demand ahead of summer peak electricity season.
In mid cap basics, buy oil & gas equipment and services, industrial metals & minerals, and specialty chemicals (NEU, PPO). The best consumer goods groups are processed & packaged goods (GIS, FLO) and textiles (DECK, CRI). In financials, buy REITs (HME, TCO, DEI, AIV, KRC, BMR) and accident & health (AIZ, CNO). Only hospitals (LPNT) score above average across healthcare. Aerospace/defense (ATK, ESL, CW) is the only industrial goods group to score above average this week. In services, focus on truckers, rental & leasing (R, AER, UHAL), and department stores (DDS). Generally, summer is weak for consumer discretionary stocks, suggesting managers remain on the sidelines until Q3.
The top technology groups are printed circuit boards (FLEX) and computer peripherals (NICE).
The following mid cap stocks offer the best seasonality over the next three months.
| MID CAP INDUSTRY SCORE BY SECTOR | 5/1/2014 | |
| Sector | INDUSTRY | SCORE |
| BASIC MATERIALS | OIL & GAS EQUIPMENT & SERVICES | 77.50 |
| BASIC MATERIALS | INDUSTRIAL METALS & MINERALS | 71.67 |
| BASIC MATERIALS | SPECIALTY CHEMICALS | 70.00 |
| BASIC MATERIALS | INDEPENDENT OIL & GAS | 65.00 |
| BASIC MATERIALS | SYNTHETICS | 57.50 |
| BASIC MATERIALS | OIL & GAS DRILLING & EXPLORATION | 50.00 |
| BASIC MATERIALS | STEEL & IRON | 33.33 |
| CONSUMER GOODS | PROCESSED & PACKAGED GOODS | 71.67 |
| CONSUMER GOODS | TEXTILES | 66.00 |
| CONSUMER GOODS | BUSINESS EQUIPMENT | 48.75 |
| CONSUMER GOODS | AUTO PARTS | 43.00 |
| CONSUMER GOODS | PACKAGING & CONTAINERS | 40.00 |
| FINANCIALS | REITS | 65.59 |
| FINANCIALS | ACCIDENT & HEALTH INSURANCE | 58.33 |
| FINANCIALS | ASSET MANAGEMENT | 46.00 |
| FINANCIALS | REGIONAL BANKS | 45.45 |
| FINANCIALS | INVESTMENT BROKERAGE | 38.75 |
| FINANCIALS | SURETY & TITLE INSURANCE | 35.00 |
| HEALTHCARE | HOSPITALS | 65.00 |
| HEALTHCARE | BIOTECHNOLOGY | 52.08 |
| HEALTHCARE | MEDICAL INSTRUMENTS & SUPPLIES | 49.00 |
| INDUSTRIAL GOODS | AEROSPACE/DEFENSE PRODUCTS & SERVICES | 58.13 |
| INDUSTRIAL GOODS | DIVERSIFIED MACHINERY | 43.75 |
| INDUSTRIAL GOODS | INDUSTRIAL ELECTRICAL EQUIPMENT | 43.75 |
| INDUSTRIAL GOODS | RESIDENTIAL CONSTRUCTION | 35.00 |
| SERVICES | TRUCKING | 85.00 |
| SERVICES | RENTAL & LEASING SERVICES | 63.00 |
| SERVICES | DEPARTMENT STORES | 56.67 |
| SERVICES | EDUCATION & TRAINING SERV | 51.67 |
| SERVICES | AUTO DEALERSHIPS | 48.33 |
| SERVICES | BUSINESS SERVICES | 45.45 |
| SERVICES | APPAREL STORES | 45.00 |
| SERVICES | SPECIALTY RETAIL, OTHER | 45.00 |
| SERVICES | TECHNICAL SERVICES | 40.00 |
| SERVICES | MOVIE PRODUCTION, THEATERS | 38.33 |
| SERVICES | RESTAURANTS | 34.29 |
| TECHNOLOGY | PRINTED CIRCUIT BOARDS | 65.00 |
| TECHNOLOGY | COMPUTER PERIPHERALS | 59.00 |
| TECHNOLOGY | SEMICONDUCTOR-BROAD LINE | 52.50 |
| TECHNOLOGY | BUSINESS SOFTWARE & SERVICES | 50.00 |
| TECHNOLOGY | SCIENTIFIC & TECHNICAL INSTRUMENTS | 50.00 |
| TECHNOLOGY | SEMICONDUCTOR EQUIPMENT & MATERIALS | 46.67 |
| TECHNOLOGY | INFORMATION & DELIVERY SERVICES | 41.67 |
| TECHNOLOGY | SEMICONDUCTOR- INTEGRATED CIRCUITS | 40.00 |
| TECHNOLOGY | TECHiNICAL & SYSTEM SOFTWARE | 37.00 |
| TECHNOLOGY | COMMUNICATION EQUIPMENT | 33.75 |
| UTILITIES | GAS UTILITIES | 83.33 |
None.
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