With the end of the first quarter approaching, it is time to adjust the names in my Watch Lists. I will price all the new lists as of the close on Friday, June 29.
Today I present my planned updates to the Mid Cap Watch List. There was a fairly high level of turnover to the list. 14 of the 24 names from the previous run made it to the current list, which is also 24 names. Performance-wise, the list created in March has returned an unweighted average return of about 2.0% (Stockpickr hasn’t figured out at the time of writing that SEIC’s 2-1 split did not result in a 50% loss) through June 24, with 63% of the stocks in positive territory. All of the money-losers from the previous list fell out of consideration.
So without further ado, the names on the chopping block from the previous list are: Pool Corp. (POOL), First Federal (FED), Quebecor (IQW), Shuffle Master (SHFL), Valassis (VCI), NutriSystem (NTRI), IMS Health (RX), Komag (KOMG), Travelzoo (TZOO), and New Jersey Resources (NJR). This list includes the biggest losers (SHFL, KOMG, TZOO) as well as some middling performers and the best performer (NTRI).
The new list is:
I will continue to track both lists on StockPickr.
