Mr. Sensitive

March 15, 2013

FSX Friday Update

Filed under: Uncategorized — lbej @ 19:52

Wondering why this week’s FSX update is a little late? Because I’m writing it instead of Lee, and I chose to wait until after work. And dinner. And dessert. But here it is!

Lee’s notes on the market as a whole are below. Note: he’s feeling kind of annoyed with the market overall, specifically CEOs acting like the economy’s terrible even though their companies are performing well.

Broader market:  Dow +0.8%, S&P 500 +0.6%, Nasdaq +0.1%.  The Dow set all-time highs four of five days this week; the S&P 500 made a series of five-year highs and is just a few points below the all-time high set in 2007; the Nasdaq is at a 12-year high, but would need to rise by more than 50% to eclipse its all-time high set in March 2000.  Compared to that stock bubble—tech and telecom during 1999 and 2000—this year’s bull run looks run-of-the-mill.  But is this a bubble?  Certain areas of the market are certainly getting frothy.  Home Depot at 23 times earnings?  Procter & Gamble at 18 times? Clorox(!) at 20 times earnings?  Blue chips with single-digit EPS growth rates are trading at growth multiples, and that’s not sustainable.  The market as a whole is nowhere near as overvalued as it was the last two times the S&P 500 traded above 1550 (2000 and 2007), but the blue chips are getting close.

Lee’s notes on the FSX:

Family Stock Index: +1.4% for the week, +12.6% for the quarter.  Friday’s closing level of 15,145 is 43 points below the all-time high set yesterday.  Breadth was weaker than the headline numbers suggest, with just 15 advancers against 10 decliners.  The leaders are getting stretched; of the eight stocks to hit 52-week highs this week, only one (MOLXA) hadn’t done so already this year. The bad are getting even worse as the quarter wears on; of the five worst performers on the week, four (LEI, JOY, MCS, LULU) are among the five stocks in the red for the quarter.  (BCO is the other stock in negative territory for Q1, but Brinky was up this week.)  Obviously, I don’t know what the future holds, except that I know it holds a significant correction for the FSX and the broader market.  I just don’t know when.  Some help I am.

Advancers

  • Lee (TGI) +5.9%.  Lee: I’m six days ahead of schedule in Phase 3 of Plan XIII.  Let’s not get carried away with the rah-rah. Me: Rah-rah! I can’t wait until it’s my turn to read the book. And I can say that he’s been working very hard on it. He might also be up because we’re really enjoying Real Husbands of Hollywood. You should watch it if you don’t.
  • Jenny (JNY) +5.4%. Last week Jenny smashed her thumb. Last week Jenny also got sick, like every other kid in her class and had to stay home. This week? We found out the thumb’s not broken and she went back to school. Sounds like victory to me. Plus, since she missed three days of school she has several zeros logged in the online gradebook that make it impossible for me to really know what her grades are, so I can’t even complain about them. Yet.
  • Zondro (ZQK) +4.8%. Zondro’s up while he enjoys the last of the cold weather before spring arrives. You’d think he’d hate the cold weather, but he likes it because he gets to come back inside in the morning when it’s cold. When spring arrives, he’ll be spending a lot more time outside. (Note: this is not how Lee thinks the market commentary should work because he thinks it should be more forward-looking, but I like to apply it to right now in time precisely.)
  • Ruby (RJET) +4.8%. Mom got to spend time in her dream house this week. Maybe she’ll live in it one day. But just in case she doesn’t, she can enjoy the new counter tops she got in her own home.
  • Nicole M. (COLM) +3.7%. Nicole got to enjoy some delicious sushi this week, specially delivered by my little brother because he’s nice like that.
  • Brinkley (BCO) +3.6%. Brinky is happy about the arrival of daylight savings time. He never adjusted to the time change in the fall, so we’ve had 5:00 wake ups for several months. Now he’s back on track and waking up around 6:00 or so. Plus it’s light enough for him to play outside some in the evening and happily squeal. An incredibly high pitched squeal. But it’s seriously happy.
  • Katie (CATY) +2.6%. I’ve been enjoying sleeping until the alarm goes off. It’s amazing.
  • Justin (SCI) +2.3%. I just noticed when looking over there to the left. It’s Justin. And science. Did you see Justin Timberlake’s most recent SNL skit with Andy Samberg and science? It was funny.

Decliners

  • Icarus (FAST) -1.4%. So we’re pretty sure that Icarus might have killed the groundhog, making winter last longer for all of you guys up north. He could definitely catch a groundhog. And maybe he likes winter.
  • Jodi Ann (JOY) -1.6%. The (strangely named for the first time this year) storms are coming for you.  (Lee: I’m calling this next one Winter Storm Bananarama.)
  • Nicole E. (NICE) -1.8%. Definitely coming for you since you’re so close to Icarus.
  • Marcus (MCS) -1.9%. And you too, Marcus. Sorry it’s been such a long, cold winter for all of you guys.
  • LULU -2.1%. Lulu’s never winning the cul-de-sac cat wars. Last night I came home from the store and was greeted by one cat that tried to get run over by me (not our cat), one cat running away from our house (Lulu), and one cat on the railing of our front porch (not our cat). Lulu just wishes she could hang out in Brinky’s room with ghost Marisa. But she’s too busy going outside. And back inside. And back outside. And repeat over and over. While Lee throws the missiles (foam toys of Brinkley’s) that he’s hidden in his desk drawer at her.

 

Name Ticker 3/15/2013 Change
Brinkley BCO $28.12 +0.97
Charlotte ICE $160.98 +2.38
Dustin DST $69.75 +0.19
Ghost Marisa MOLXA $23.62 +0.08
Icarus FAST $50.80 -0.74
Jenny JNY $12.65 +0.65
Jodi Ann JOY $62.13 -1.00
Justin SCI $16.26 +0.37
Katie CATY $20.58 +0.53
Lee TGI $78.68 +4.35
Lisa LNCE $25.14 -0.03
Lucas LEI $1.34 -0.02
Lulu LULU $68.48 -1.44
Marcus MCS $11.97 -0.23
Mario T.E. MGEE $55.51 +0.42
Mario T.Y. MAR $40.35 +0.06
Namilita NL $12.82 -0.01
Nicole E. NICE $36.14 -0.65
Nicole M. COLM $57.98 +2.06
Reagan REGN $171.84 -1.13
Ruby RJET $10.89 +0.50
Wilson WILC $6.10 +0.10
Winston ED $59.17 +0.22
Zero ZAGG $7.50 -0.02
Zondro ZQK $6.51 +0.30
Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: