Jul

06

2008

Solar Whacked, Medical Showing Strength, GE Reports Friday

I’m trying to take a bit of time off this weekend so won’t have a detailed look at the market this week but will have an update once normal trading volumes return towards the middle of the week. 

::: Model Portfolio :::

** This section will now appear as a separate report about every other Wednesday. 

The Self Investors Model Portolio wrapped up 2006 with a gain of 27.6%, 2007 with a gain of 30.2% and is more than 10% ahead of the S&P in a very difficult 2008.  This is a REAL portfolio with position sizing and features annualized returns of 24%.

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::: Best/Worst Performers :::

- Top 10 Performing Industries For the Week -

1. Drug Manufacturers – Major: 4.40%
2. Biotechnology: 3.65%
3. Discount – Variety Stores: 1.85%
4. Auto Parts Wholesale: 1.85%
5. Gold: 1.70%
6. Education & Training Services: 1.65%
7. Long Distance Carriers:  1.60%
8. Drug Manufacturers – Other: 1.35%
9. Medical Instruments & Supplies: 1.10%
10. Telecom Services – Foreign: 1.05%

- Top 10 Worst Performing Industries For the Week -

1. Resorts & Casinos: -16.30%
2. Internet Service Providers: -14.15%
3. Major Airlines: -13.15%
4. Publishing – Periodicals: -13.10%
5. Semiconductor – Memory Chips: -12.75%
6. Auto Dealerships: -11.75%
7. Mortgage Investment: -11.30%
8. Long Term Care Facilities: -11.05%
9. Home Furnishings & Fixtures: -11.05%
10. Semiconductor – Specialized: -10.20%

- Top 5 Best Performing ETFs For the Week -

1. iShares Silver (SLV) 5.75% 
2. HLDRS Biotech (BBH) 4.15%
3. Central Fund of Canada (CEF) 3.80%
4. US Oil Fund (USO) 3.25%
5. SPDR Biotech (XBI) 2.70%

- Worst 5 Performing ETF’s -

1.Claymore Global Solar Energy (TAN) -15.20%
2. Turkish Invest Fund (TKF) -13.60%
3. Greater China Fund (GCH) -13.15%
4. PowerShares Clean Energy (PBW)  -12.15%
5. Market Vectors Coal (KOL) -12.05%

::: Upcoming Economic Reports (7/7/2008- 7/11/2008) :::

Monday:        None
Tuesday:       Wholesale Inventories, Consumer Credit
Wednesday:  Crude Inventories
Thursday:      Initial Claims
Friday:           Export/Import Prices, Trade Balance, Mich Sentiment (prelim), Treasury Budget

::: Earnings I’m Watching This Week :::

Tuesday: Alcoa (AA)

Wednesday: Acergy (ACGY), Shaw Group (SGR)

Friday: General Electric (GE)