The list was up 0.87% for the week as opposed to 1.49% for the S&P500 and is up 3.39% for the last 2 weeks as opposed to 3.63% for the S&P500. Not bad results, but disappointing after the first week results where it beat the market by 0.3%. There are some good winners in there and also some losers. KEM, TU and NZT are some of the losers that are affected by disappointing earnings reports. On the other hand, NZT pays close to a 10% dividend so that helps! So does NRF which is also lagging! Jim Chanos mentioned this week that he short all the integrated oil company and in particular Royal Dutch Shell as he says that they are eating their seed corn paying dividend. Not sure if it had an impact, but it is also one of the worst performing stocks in the list. All these stocks are undervalued compared to the market in general so I have to assume that they will weather any correction better than that broad market average. We'll see over the coming weeks as I continue monitoring the list.
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