The Wax Ink Portfolio was up 1.2% for the week. By comparison, the Dow was up 0.9%, the Nasdaq was up 1.2%, the S&P 500 was up 1.0%, the Russell 2000 was up 0.5%, and the Volatility Index, commonly known as the VIX, was down 8.2%.
Year to date, the Wax Ink portfolio is unchanged, the Dow is down 0.4%, the Nasdaq is down 1.3%, the S&P 500 is up 1.8%, the Russell 2000 is down 3.0%, and the VIX is lower by 5.9%.
The portfolio breakdown is 65% equities, 35% cash, and 0% bonds. There was no change in the total shares held.
This week's winners were drug maker Cubist Pharmaceuticals (Nasdaq: CBST), up 14%, building materials company Griffon Corporation (NYSE: GFF), up 7%, and industrial/aerospace parts maker Kaman Corporation (NYSE: KAMN), up 4%.
This week's losers were municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 10%, rubber and tire company maker The Goodyear Tire and Rubber Company (NYSE: GT), down 8%, and container maker Myers Industries (NYSE: MYE), down 6%.
The portfolio's worst performing stocks remain building materials company Griffon Corporation (NYSE: GFF), down 36% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 23% since being added to the portfolio.
Worksheets were updated this week for:
Snyder-Lance, Inc. (Nasdaq: LNCE), Monster Beverage Corporation (Nasdaq: MNST), Bristol-Myers Squibb Company (NYSE: BMY), Cambrex Corporation (NYSE: CBM), Basic Energy Services, Inc. (NYSE: BAS), Schlumberger Ltd. (NYSE: SLB), Haliburton Company (Nasdaq: HAL), Key Energy Services, Inc. (NYSE: KEG).
Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing. To access any worksheet in this post, click on the associated company name.
Wax Ink is a baseline equity research company not licensed or registered with any government agency
Copyright © 2014 Wax Ink
Disclosure: I am long CBST, GFF, KAMN, LAYN, GT, MYE.