Mid Cap Best & Worst Report - April 13, 2016

  • The best mid cap sectors are utilities, industrial goods, and technology.
  • The highest scoring mid cap industry is oil & gas equipment & services.

The average mid cap score is 54.91 and that's below the four week average score of 59.9. Scores shifted to reflect Q2 seasonality last week and mid cap stocks offer neutral seasonal tailwinds. The MDY has gained in just five of the past 10 years, returning a median -0.18% in the period.

SOURCE: SEASONAL INVESTOR

The average stock in our mid cap universe is trading -24.35% below its 52 week high, 0.65% above its 200 dma, has 6.24 days to cover held short, and  is expected to grow its EPS by 14.97% in the coming year. Utilities, industrials, and technology score best. Consumer, basics, and healthcare score in line. Services and financials score poorly.

The following are the top and bottom scoring mid caps in our universe.

The following chart shows average weekly historical scores.

Oil & gas equipment & services (RES, PDS, HLX), residential construction (NVR, KBH), industrial electrical (RBC, AOS, BDC), gas utilities (NJR, PNY), and packaging & containers (TUP, MINI) are the best scoring industries.

In mid cap basics, buy oil & gas equipment & services, specialty chemicals (NEU), and independent oil & gas (NFX, STR). Packaging & containers and textiles (CRI, COLM) score best in consumer goods. Accident & health insurance (AIZ, AFL) and REITs (LXP, CLI, DEI) are above average in financials. In healthcare, concentrate on medical instruments (HRC, TFX, NUVA), healthcare plans (MOH, CNC), and medical appliances (ALGN). Residential construction, industrial electrical, and diversified machinery (ATU, NDSN, BGG) score highest in industrials. The top services groups are business services (HPY, RBA, GPN, HMSY), restaurants (WEN, CBRL, TXRH), and movies (RGC). In technology, focus on scientific & technical instruments (CGNX, FLIR, COHR), business software (WBMD, ROVI, PEGA), and technical & system software (CDNS, MENT). Gas utilities can also be bought.

 

Disclosure: None.

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