The highest scoring names in large cap from 1 year ago (4/23/2013) returned an average 21.37% in the past year.  Performance has been led MGA up 76%, NOC up 75%, MCK up 62%, HAL up 55%, and EQT up 55%.

• The top scoring sector is utilities.
• The best large cap industry is industrial metals & minerals.

The average large cap score pops to 59.86 this week, moving it above the four week moving average score of 58.23. The average large cap is trading -10.5% below its 52 week high, 2.78% above its 200 dma, has 4.09 days to cover held short, and is expected to post EPS growth of 13.96% next year.
 
The best scoring large cap sector remains utilities. Industrial goods, basic materials, and consumer goods also score above average. Watch independent oil & gas given May and June are historically robust periods for seasonal outperformance.  Healthcare and technology score in line. Services and financials score below average.
 

The following chart shows historical large cap scores since 2010.

The top scoring large cap industry is industrial metals & minerals. Electric and diversified utilities both score among the best industries this week. Domestic telecom moves into the list this week. Drug stores remain strong scoring and benefit from patent expiration driven generic fill-rates, which boost pharmacy margin. In store clinics offer additional support to front end foot traffic.

In basics, buy industrial metals & minerals, independent oil & gas, and pipelines. Natural gas enjoys robust seasonality in May and June. Higher natural gas prices and rising electricity generation support utility coal spot market buys given lower inventory levels at plants. In consumer goods, focus on auto parts, beverages, and processed & packaged goods. European auto recovery supports parts demand. Passenger car registrations in the EU jumped 8.4% in the first quarter versus a year ago, including a 10.6% spike from last year in March.  
 

In financials, buy REITs, money centers, and credit services. REITs continue to benefit from improving vacancy rates supporting effective rents. Apartment vacancy levels support capacity additions. Additional room for improvement remains in office and retail. Healthcare REITs are particularly intriguing. Across healthcare, drug makers, medical appliances, and medical instruments score best. Drug spending trends continue to support next generation therapies. Spending on diabetes treatment, for example, grew 14% in 2013 and is expected to climb double digits per year through 2017, according to Express Scripts.  Last year, spending on specialty drugs grew more than 14%, a trend expected to accelerate this year to 16.8% following the launch of new high priced hepatitis C drugs.

Every industrial goods group scores above average, led by aerospace/defense. Industrial equipment and diversified machinery are also high scoring. In services, drug stores, rails, and diversified entertainment score best. The best technology groups include domestic telecom, semi ICs, and broadline semi. The SEMI book to bill was 1.00 in March. Scientific & technical instruments also score highly.  Electric, diversified, and foreign utilities are all attractive, supported by solid seasonality through the shoulder months.