Sunday, October 2, 2011

The Other Side of the Penny

FinViz Top 5

Over time I've looked at the Top 20 Morningstar Industries price percentage change over one month for clues relating to investor sentiment. Every coin has its flip side, and after looking at the recent list and being unable to make it past 5 that have had ended up positive, I thought about flipping the coin and looking at the bottom 20.

FinViz Bottom 20
Discounting the first slot, Music & Video Stores which is basically Netflix, the 2nd and 3rd slot are worth highlighting. Copper and Aluminum are used as barometers of economic health and noting that they have led the pack to the downside is something worth paying particular attention to. On October 11th earnings season kicks off with Alcoa's announcement and considering the current environment, this is an important catalyst to be aware of.

 For further research, a recent article regarding copper from the Economist

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