Outperformance Hits Highest Mark Ever, By Brian Nelson, CFA
Since the previous edition of our Best Ideas Newsletter released June 15, the markets have been on a bumpy ride. Still, the S&P 500 edged out a modest gain during this time period, and our portfolio continues to grow its outperformance gap. We’re now outpacing our benchmark, the S&P 500 SPDR (SPY), by nearly 28 percentage points, the highest degree of outperformance ever.
Perhaps the biggest piece of news during the past few weeks was the US Supreme Court’s decision to uphold President Obama’s Patient Protection and Affordable Care Act (PPACA), which can arguably be considered the most sweeping change in America’s healthcare system during the past half-century. In a narrow 5-4 split ruling, the Supreme Court ruled as constitutional the so-called individual mandate — that Congress has the power to order most people to obtain health insurance starting in 2014 or pay a penalty (tax). Though we withhold judgment about whether this is…
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INSIDE THIS ISSUE
1 Outperformance Hits Highest Mark Ever
1 AMD Warns On Revenue, We Like Intel Instead (tickers: AMD, INTC)
5 Wells Fargo Continues Its Sound Performance (ticker: WFC)
6 June Same Store Sales Actually Weren’t Bad (see article for tickers)
7 We Agree With Abercrombie & Fitch: Its Stock Is Cheap (ticker: ANF)
8 Our Best Ideas Portfolio (see article for tickers)
9 Alcoa Beats Estimates But We Don’t Like the Stock (ticker: AA)
10 Facebook May Start a Job Board To Compete With LinkedIn (tickers: FB, LNKD)
11 Ford’s North American Story Is Intact But Challenges Remain (ticker: F)
11 Seagate Warns About Revenue and Earnings (ticker: STX)
13 Red Hat’s Second Quarter Outlook Misses the Mark (ticker: RHT)
14 International Speedway Posts Solid Results (ticker: ISCA)
14 News Corp’s Possible Split Could Reward Shareholders (ticker: NWSA)
15 Strong Corn Sales Help Monsanto Beat Expectations (ticker: MON)
15 Marriott International Posts a Fine Second Quarter (ticker: MAR)
16 Ideas for Your Radar
18 Featured Reports: JNJ, TEN, NBR
21 Our Stock-Selection Methodology