(WAB) Wax Ink Weekly Performance Breakdown – Investment Ideas

Conflict, uncertainty, and change are things that the markets simply cannot deal with. Couple those things with talk by the Fed about reducing its involvement in the economy and being invested in stocks may not be the place for most individual investors.

Welcome to the squirts and dribbles that were this week’s market, a market the culminated yesterday with a large mud drop.

As I have been saying for the past month or so, the markets have been placed under a great deal of pressure with comments by the Fed about tapering its involvement in the economy.

Enter the Syrian gas attack on its own people. Enter the President and the general government response to that attack and then couple that with the feline Brits response and the conflict on a multi-national scale, both politically, and militarily becomes apparent.

The markets realize that the Fed was going to start tapering off its involvement in the economy. Now there is the threat of world conflict. That world conflict could impact the United States economic recovery. If that happens will the Fed refrain from the proposed taper? Will they increase their involvement in the economy? The questions add to an already uncertain market.

Couple the conflict and the uncertainty with the change in the way shares are traded by the pubescent zit-faced high speed computer traders, whose only interest is in making money, and massive change is introduced into the marketplace because dollars that were once being invested by these Y-Box lovers are now sitting on the sideline waiting for the markets to take a wiz.

Even with all of the things that weigh against us as individual investors, those of us that actually perform our due diligence before we plunk our hard won cash into the turbulent waters of the marketplace, somehow manage, over time, to end up with fair return on our invested dollars.

Hi. My name is Wax, and I am an individual investor, a working class investor, just trying to do the best I can in a world that was never intended for investors like me.

Throughout the course of the week, I post a Daily Alert, which is my review of an individual equity. It is intended to help the reader decide if that particular equity is worth their time to research.

The other thing I do, is let the world watch as I manage the The Wax Ink Portfolio.

Perhaps watching me make the mistakes I make will help other working class investors avoid the investing pitfalls that seem to find me.

Enjoy your weekend

Wax

Markets
The Wax Ink Portfolio was down 2.6% for the week. By comparison the Dow was down 1.3%, the Nasdaq was down 1.9%, the S&P 500 was down 1.8%, the Russell 2000 was down 2.6%, and the Volatility Index, commonly known as the VIX, was up 21.7%.

Year to date, the Wax Ink portfolio is up 17%, the Dow is up 13%, the Nasdaq is up 18.9%, the S&P 500 is up 14.5%, the Russell 2000 is up 19%, and the VIX is up 11.6%.

Breakdown
The Wax Ink Portfolio currently holds 61,072 shares of stock spread among 24 companies. The breakdown remains unchanged with roughly 70% of the portfolio in equities, 30% of the portfolio in cash, and 0% of the portfolio in bonds.

Research
I finished baseline equity reviews on the following companies during the course of the week. My rating follows the ticker symbol.

Westinghouse Air Brake Technologies Corporation (NYSE: WAB) – Positive Investment Interest

The Western Union Company (NYSE: WU) – Positive Investment Interest

Waters Corporation (NYSE: WAT) – Positive Investment Interest

Hertz Global Holdings, Inc. (NYSE: HTZ) – Negative Investment Interest

Amgen, Inc. (Nasdaq: AMGN) – Negative Investment Interest

AmSurg Corporation (NYSE: AMSG) – Negative Investment Interest

Holdings
This week’s moving on up stock was rubber company The Goodyear Tire and Rubber Company (NYSE: GT), up 7%, while drug maker Cubist Pharmaceuticals (Nasdaq: CBST), was unchanged.

This week’s floaters in the bunch bowl were paper company Schweiter-Maudit International, Inc. (NYSE: SWM), down 9%, garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 7%, and iron ore company Cliffs Natural Resources (NYSE: CLF), down 7%.

Not Performing
The top portfolio choke and puke stocks remain communications equipment company Tellabs, Inc., down 59% since being added to the portfolio, garage door and telephone headset maker Griffon Corporation, down 39% since being added to the portfolio, and iron ore company Cliffs Natural Resources, Inc., down 38% since being added to the portfolio.

Copyright © 2013 Wax Ink, Wax Ink is a baseline equity research company not licensed or registered with any government agency

View original at: Wax Ink

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