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Joseph P. Porter
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I am a retired college faculty in Philosophy, with specializations in Ethics, Socio-political Theory and Rational Choice/Decision Theory. My teaching focus was on Business Ethics, Medical Ethics and Logic. After retirement I freelanced as a Grant Writer/Fund Raising Consultant. I have taught at... More
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Joseph P. Porter's Instablog
  • Dogging The Markets: Week 20 0 comments
    May 19, 2013 1:12 PM

    The Dow and the S&P were up this week, as were all four teams. However, interesting turn of events in the Dow comparison, so let's look there, first:

    (click to enlarge)

    On the whole, there wasn't much of note happening in either team - most companies were up a little bit, a couple of companies dropped a little. However, compared to last week, the Pedigrees picked up 245 BPS on the Dogs, which is quite an accomplishment.

    How did this happen? Thank Cisco Systems (NASDAQ:CSCO) and Microsoft Corp. (NASDAQ:MSFT) for having fantastic weeks. Cisco gained 1593 BPS, to 24.94% from 9.01% last week. Microsoft, on the other hand, posted a 914 BPS gain, to 32.24% from 23.10%. These two companies made all the difference, as when you average the total of their growth over the team as a whole, they account for more than the 245 BPS gain.

    While the Dow Pedigrees were closing in on the Dogs, the S&P Pedigrees were busy extending their lead over their competition - by 317 BPS.

    (click to enlarge)

    The Pedigree cause was aided again by Cisco, with the rest of the Pedigrees turning in fine performances; the Dogs, however, suffered several significant losses: Cliffs Natural Resources Inc. (NYSE:CLF); Pitney Bowes Inc. (NYSE:PBI) and Reynolds American Inc. (NASDAQ:RRD), all took significant dives which, when added to the gains by Cisco, account for the increased spread between the two teams.

    Disclosure: I am long PFE.

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