This is a good overview of recent global stock market performance. Unfortunately, it only adds to the confusion as to where we go from here. On the one hand, we just posted the largest-ever January decline on record, which supposedly bodes ill for rest-of-year performance. On the otherhand, some indicators suggest we are in seriously oversold territory and some early-cyclical sectors (e.g., consumer discretionary) are starting to out-performance/show relative strength.
StockManMarc highlights seven companies w/ tons of cash, no/little debt, and trading well below their 52-wk highs. He notes that Martin Whitman of Third Avenue Management owns two of these seven names (AVX and K-Swiss). Certainly worth doing more work on. I’ll follow-up here w/ additional thoughts in the future. If you have any thoughts, add a comment (or two)…
"The package, pending approval by the Senate, is seen as a stimulus for health care tech companies such as Quality Systems (QSII), which sells software-based practice management and patient-records systems to doctor and dental practices."
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