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Moby Waller
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Moby Waller is a former CBOE Market Maker floor trader and off the floor London-based European Index Options Trader. He is co-Portfolio Manager of the ETFTRADR & Rapid Options Income ROI... More
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  • Retail and Manufacturing Stocks Breaking Out 0 comments
    Dec 2, 2010 2:27 PM | about stocks: AZO, RL, PNRA, EL, FOSL, HLF, SJM, GWW, CMI, LEA, UNP, CAT, PII, BWA, TTC, NEU, FMC, NDSN, ROP, BLL, DF
    Following 2 impressive days of market action (which in turn was preceded by some relative VIX panic spikes hitting Top Bands), on the new 5-year high list today are some interesting names that seem to be grouped into a couple of sectors:

    Dominating the list of new multi-year highs are what I would call Retail/Consumer type names such as: 

    Autozone (NYSE:AZO)
    Polo Ralph Lauren (NYSE:RL)
    Panera Bread (NASDAQ:PNRA)
    Estee Lauder (NYSE:EL)
    Fossil (NASDAQ:FOSL)
    Herbalife (NYSE:HLF)
    JM Smucker (NYSE:SJM)

    As well as Industrial/Manufacturing types (some consumer manufacturing) such as:

    WW Grainger (NYSE:GWW)
    Cummins (NYSE:CMI)
    Lear (NYSE:LEA)
    Union Pacific (NYSE:UNP)
    Caterpillar (NYSE:CAT)
    Polaris (NYSE:PII)
    BorgWarner (NYSE:BWA)
    Toro (NYSE:TTC)

    Other manufacturing type names in a variety of sectors are also hitting highs, including NewMarket (NYSE:NEU), FMC Corp (NYSE:FMC), Nordson (NASDAQ:NDSN), Roper (NYSE:ROP), Ball (NYSE:BLL).

    A noteworthy name that was making multi-year lows recently is Dean Foods (NYSE:DF) a big maker of dairy products that may be being hurt by store brands and a large debtload.

    Do your own research (both technical and fundamental, depending on your trading/investing strategy), but there certainly are some interesting names breaking out this week on the market rally.

    Disclosure: No positions.
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