Mid Cap Report: Best And Worst
The highest scoring names in mid cap from 1 year ago (4/24/2013) returned 281 bps more than the S&P 500. The best performers have been ILMN up 116%, UA up 90%, TRN up 75%, GMCR up 74%, SIVB up 67%, and NUVA up 65%.
- The best mid cap sector is utilities
- The best mid cap industry is gas utilities
The average mid cap score is 56.55, above the four week moving average score of 54.72. The average mid cap is trading -14.33% below its 52 week high, 1.33% above its 200 dma, has 6.56 days to cover short, and is expected to grow EPS by 19% next year.
Utilities are the top scoring mid cap sector, followed by consumer and industrial goods. Financials also score above average. Basics, technology, and healthcare score in line. Services score below average.
| MID CAP | 4/24/2014 | 4 Week MA | |||
| Company Name | Symbol | Sector | INDUSTRY | SCORE | SCORE |
| BEST | |||||
| Frontier Comm. | FTR | TECHNOLOGY | TELECOM SERVICES - DOMESTIC | 105 | 103.75 |
| SVB Financial | SIVB | FINANCIALS | REGIONAL BANKS | 105 | 95 |
| Teleflex | TFX | HEALTHCARE | MEDICAL INSTRUMENTS & SUPPLIES | 105 | 100 |
| Alliance Resource Partners LP | ARLP | BASIC MATERIALS | INDUSTRIAL METALS & MINERALS | 100 | 98.75 |
| Globus Medical | GMED | HEALTHCARE | MEDICAL APPLIANCES & EQUIPMENT | 100 | 95 |
| Hub Group Inc | HUBG | SERVICES | AIR DELIVERY & FREIGHT SERVICES | 100 | 85 |
| Piedmont Natural Gas | PNY | UTILITIES | GAS UTILITIES | 100 | 100 |
| Portfolio Recovery Assoc. | PRAA | SERVICES | BUSINESS SERVICES | 100 | 80 |
| AERCap Holdings | AER | SERVICES | RENTAL & LEASING SERVICES | 95 | 92.5 |
| Aspen Insurance Hldng. | AHL | FINANCIALS | PROPERTY & CASUALITY INSURANCE | 95 | 81.25 |
| Carrizo Oil and Gas Inc | CRZO | BASIC MATERIALS | INDEPENDENT GAS & OIL | 95 | 93.75 |
| Energen Corp | EGN | UTILITIES | GAS UTILITIES | 95 | 86.25 |
| Old Dominion Freight Line Inc | ODFL | SERVICES | TRUCKING | 95 | 85 |
| Questcor Pharma | QCOR | HEALTHCARE | BIOTECHNOLOGY | 95 | 91.25 |
| Ryder Systems | R | SERVICES | RENTAL & LEASING SERVICES | 95 | 93.75 |
| Taubman Centers | TCO | FINANCIALS | REITS | 95 | 88.75 |
| Tenneco Automotive | TEN | CONSUMER GOODS | AUTO PARTS | 95 | 73.75 |
| Barnes Group, Inc. | B | INDUSTRIAL GOODS | INDUSTRIAL EQUIPMENT & COMPONENTS | 90 | 68.75 |
| Cavium Networks | CAVM | TECHNOLOGY | SEMICONDUCTOR- BROAD LINE | 90 | 86.25 |
| Douglas Emmett | DEI | FINANCIALS | REITS | 90 | 87.5 |
| Flextronics | FLEX | TECHNOLOGY | PRINTED CIRCUIT BOARDS | 90 | 87.5 |
| Heartland Express | HTLD | SERVICES | TRUCKING | 90 | 87.5 |
| I T T Corp | ITT | INDUSTRIAL GOODS | DIVERSIFIED MACHINERY | 90 | 75 |
| Newmarket Corp | NEU | BASIC MATERIALS | SPECIALTY CHEMICALS | 90 | 88.75 |
| New Jersey Resources | NJR | UTILITIES | GAS UTILITIES | 90 | 87.5 |
| Precision Drilling Corp | PDS | BASIC MATERIALS | OIL & GAS EQUIPMENT & SERVICES | 90 | 88.75 |
| Insulet Corp | PODD | HEALTHCARE | MEDICAL INSTRUMENTS & SUPPLIES | 90 | 75 |
| Trinity Industries Inc | TRN | SERVICES | RAILROADS | 90 | 83.75 |
| Windstream Corp | WIN | TECHNOLOGY | TELECOM SERVICES - DOMESTIC | 90 | 82.5 |
| Apartment Inv. & Mgmt. | AIV | FINANCIALS | REITS | 85 | 73.75 |
| Avista | AVA | UTILITIES | DIVERSIFIED UTILITIES | 85 | 85 |
| Compass Minerals International Inc | CMP | BASIC MATERIALS | SYNTHETICS | 85 | 78.75 |
| Copart | CPRT | SERVICES | AUTO DEALERSHIPS | 85 | 76.25 |
| Genesco Inc. | GCO | SERVICES | APPAREL STORES | 85 | 82.5 |
| John Wiley & Sons | JW.A | SERVICES | PUBLISHING-BOOKS | 85 | 77.5 |
| Kilroy Realty | KRC | FINANCIALS | REITS | 85 | 82.5 |
| Newfield Expl Co | NFX | BASIC MATERIALS | INDEPENDENT OIL & GAS | 85 | 85 |
| PolyOne | POL | BASIC MATERIALS | SYNTHETICS | 85 | 80 |
| Patterson Energy | PTEN | BASIC MATERIALS | OIL & GAS DRILLING & EXPLORATION | 85 | 83.75 |
| RPC Inc | RES | BASIC MATERIALS | OIL & GAS EQUIPMENT & SERVICES | 85 | 83.75 |
| Texas Industries | TXI | INDUSTRIAL GOODS | CEMENT | 85 | 83.75 |
| Ultra Petroleum Corp. | UPL | BASIC MATERIALS | INDEPENDENT OIL & GAS | 85 | 83.75 |
| Alliant Tech | ATK | INDUSTRIAL GOODS | AEROSPACE/DEFENSE PRODUCTS & SERVICES | 80 | 77.5 |
| Biomed Realty Trust | BMR | FINANCIALS | REITS | 80 | 66.25 |
| Cadence Design | CDNS | TECHNOLOGY | TECHINICAL & SYSTEM SOFTWARE | 80 | 63.75 |
| Columbia Sportswear | COLM | CONSUMER GOODS | TEXTILES | 80 | 77.5 |
| Charles River Labs | CRL | HEALTHCARE | BIOTECHNOLOGY | 80 | 70 |
| Knight Transportation Inc | KNX | SERVICES | TRUCKING | 80 | 78.75 |
| Littelfuse | LFUS | INDUSTRIAL GOODS | INDUSTRIAL ELECTRICAL EQUIPMENT | 80 | 71.25 |
| Life Time Fitness | LTM | SERVICES | SPORTING ACTIVITIES | 80 | 66.25 |
| Middleby Corp | MIDD | INDUSTRIAL GOODS | DIVERSIFIED MACHINERY | 80 | 70 |
| Mannkind Corp | MNKD | HEALTHCARE | BIOTECHNOLOGY | 80 | 68.75 |
| NuVasive Inc | NUVA | HEALTHCARE | MEDICAL INSTRUMENTS & SUPPLIES | 80 | 88.75 |
| New York Times | NYT | SERVICES | PUBLISHING-NEWSPAPERS | 80 | 77.5 |
| Papa Johns Int'l | PZZA | SERVICES | RESTAURANTS | 80 | 80 |
| Sirona Dental | SIRO | HEALTHCARE | MEDICAL APPLIANCES & EQUIPMENT | 80 | 68.75 |
| Amerco Inc | UHAL | SERVICES | RENTAL & LEASING SERVICES | 80 | 66.25 |
| WORST | |||||
| Atlas Pipeline Partners | APL | BASIC MATERIALS | OIL & GAS PIPELINES | 20 | 23.75 |
| Chicos Fas | CHS | SERVICES | APPAREL STORES | 20 | 16.25 |
| Cleveland-Cliffs Inc | CLF | BASIC MATERIALS | STEEL & IRON | 20 | 21.25 |
| Mack-Cali Realty | CLI | FINANCIALS | REITS | 20 | 21.25 |
| GoGo Inc. | GOGO | TECHNOLOGY | DIVERSIFIED COMMUNICATION SERVICES | 20 | 16.25 |
| Harsco Corp | HSC | BASIC MATERIALS | STEEL & IRON | 20 | 17.5 |
| Harsco Corp | HSC | BASIC MATERIALS | STEEL & IRON | 20 | 17.5 |
| Office Depot | ODP | SERVICES | SPECIALTY RETAIL, OTHER | 20 | 16.25 |
| Opko Health | OPK | HEALTHCARE | MEDICAL APPLIANCES & EQUIPMENT | 20 | 26.25 |
| Rent-a-Center | RCII | SERVICES | RENTAL & LEASING SERVICES | 20 | 22.5 |
The following chart shows historical mid cap scores since 2010.
The top mid cap industry is gas utilities (PNY, EGN, NJR). Trucking (ODFL, HTLD, KNX) scores high and benefits from rising load volumes leveraged against tight capacity. Oil & gas equipment (PDS, RES, EXH) offers solid seasonal tailwinds. Synthetics (POL, CMP) and industrial metals & minerals (ARLP, ATI) round out the best industries this week. Watch coal spot market pricing given natural gas historically moves higher through the rest of Q2, supporting utilities spot market coal purchases.
In mid cap basics, buy oil & gas equipment & services, synthetics, and industrial metals & minerals. In consumer goods, focus on textiles (COLM, CRI), processed & packaged goods (FLO), and auto parts (TEN, DAN). The best financials groups are REITs (TCO, DEI, KRC, AIV, BMR) and accident & health insurance (AIZ). In healthcare, only medical instruments (TFX, PODD, NUVA, PKI) score above average. In industrial goods, buy aerospace/defense (ATK, ESL, CW, CAE, HXL), industrial electrical equipment (LFUS), and diversified machinery (ITT, MIDD). The best services groups include trucking, rental & leasing services (R, AER), and auto dealers (CPRT). Consumer discretionary is usually a weak performer through summer. In technology, buy printed circuit boards (FLEX), computer peripherals (NICE, LXK), and semi equipment (SPIL, ENTG).
| MID CAP INDUSTRY SCORE BY SECTOR | 4/24/2014 | |
| Sector | INDUSTRY | SCORE |
| BASIC MATERIALS | OIL & GAS EQUIPMENT & SERVICES | 80.00 |
| BASIC MATERIALS | SYNTHETICS | 75.00 |
| BASIC MATERIALS | INDUSTRIAL METALS & MINERALS | 73.33 |
| BASIC MATERIALS | SPECIALTY CHEMICALS | 73.33 |
| BASIC MATERIALS | INDEPENDENT OIL & GAS | 68.75 |
| BASIC MATERIALS | OIL & GAS DRILLING & EXPLORATION | 46.67 |
| BASIC MATERIALS | STEEL & IRON | 32.14 |
| CONSUMER GOODS | TEXTILES | 67.00 |
| CONSUMER GOODS | PROCESSED & PACKAGED GOODS | 66.67 |
| CONSUMER GOODS | AUTO PARTS | 62.00 |
| CONSUMER GOODS | BUSINESS EQUIPMENT | 60.00 |
| CONSUMER GOODS | PACKAGING & CONTAINERS | 53.33 |
| FINANCIALS | REITS | 66.18 |
| FINANCIALS | ACCIDENT & HEALTH INSURANCE | 63.33 |
| FINANCIALS | REGIONAL BANKS | 55.91 |
| FINANCIALS | ASSET MANAGEMENT | 50.00 |
| FINANCIALS | INVESTMENT BROKERAGE | 43.75 |
| FINANCIALS | SURETY & TITLE INSURANCE | 36.67 |
| HEALTHCARE | MEDICAL INSTRUMENTS & SUPPLIES | 63.00 |
| HEALTHCARE | BIOTECHNOLOGY | 53.75 |
| HEALTHCARE | HOSPITALS | 45.00 |
| INDUSTRIAL GOODS | AEROSPACE/DEFENSE PRODUCTS & SERVICES | 62.50 |
| INDUSTRIAL GOODS | INDUSTRIAL ELECTRICAL EQUIPMENT | 60.00 |
| INDUSTRIAL GOODS | DIVERSIFIED MACHINERY | 59.38 |
| INDUSTRIAL GOODS | RESIDENTIAL CONSTRUCTION | 33.33 |
| SERVICES | TRUCKING | 88.33 |
| SERVICES | RENTAL & LEASING SERVICES | 63.00 |
| SERVICES | AUTO DEALERSHIPS | 58.33 |
| SERVICES | EDUCATION & TRAINING SERV | 58.33 |
| SERVICES | BUSINESS SERVICES | 51.36 |
| SERVICES | RESTAURANTS | 47.14 |
| SERVICES | APPAREL STORES | 47.00 |
| SERVICES | DEPARTMENT STORES | 46.67 |
| SERVICES | TECHNICAL SERVICES | 46.67 |
| SERVICES | SPECIALTY RETAIL, OTHER | 46.00 |
| SERVICES | MOVIE PRODUCTION, THEATERS | 41.67 |
| TECHNOLOGY | PRINTED CIRCUIT BOARDS | 68.33 |
| TECHNOLOGY | COMPUTER PERIPHERALS | 62.00 |
| TECHNOLOGY | SEMICONDUCTOR EQUIPMENT & MATERIALS | 61.67 |
| TECHNOLOGY | BUSINESS SOFTWARE & SERVICES | 58.33 |
| TECHNOLOGY | SEMICONDUCTOR-BROAD LINE | 57.50 |
| TECHNOLOGY | INFORMATION & DELIVERY SERVICES | 53.33 |
| TECHNOLOGY | TECHiNICAL & SYSTEM SOFTWARE | 53.00 |
| TECHNOLOGY | SCIENTIFIC & TECHNICAL INSTRUMENTS | 52.50 |
| TECHNOLOGY | COMMUNICATION EQUIPMENT | 43.75 |
| TECHNOLOGY | SEMICONDUCTOR- INTEGRATED CIRCUITS | 43.33 |
| UTILITIES | GAS UTILITIES | 95.00 |
None.
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