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MARKET OUTLOOK / B6 IBD SPECIAL REPORT / A16 LEADERS & SUCCESS / A4 INTERNET & TECHNOLOGY / A5 THE NEW AMERICA / A6

Market In Best Mutual Funds Father Of The Cloud Wither Smartphones? A New Era In Diabetes
Confirmed A rousing rebound in January Salesforce wizard Mark Benioff Apple and Samsung are hit hard Dexcoms devices lead the field
Uptrend ushers in a Goldilocks forecast revolutionized software delivery as Chinas slump wallops sales for continuous glucose monitors

VOL. 35, NO. 45 WWW.INVESTORS.COM WEEK OF FEBRUARY 11, 2019 $5.00 USD

Political Risk
Hangs Over
Wall Street
The stock market faces
a multitude of threats
in this election cycle.
Can its upturn last?

BY JED GRAHAM ly leaving behind a period of relative tranquillity. Wall Street


INVESTOR'S BUSINESS DAILY cheered Trumps pro-business tax cuts and deregulation, de-

W ith the Fed on hold and President Donald Trump anx- spite serious concerns over trade and Trump rhetoric.
ious to wrap up his trade wars, the Dow Jones is re- No president ever used the Dow Jones as a scorecard of suc-
bounding from a punishing correction. But political cess quite like Trump, so dont expect Democrats to help prime
risk looms large in the stock market outlook. the pump further heading into the 2020 election. The balmy
Heading into the 2020 election, political friction will be impos- fiscal tailwinds of tax cuts and lax spending are about to turn
sible for the stock market to tune out. The Robert Mueller Rus- into a modest headwind for the economy and the stock market
sia probe is wrapping up, with House Democrats eager to consid- outlook.
er a Trump impeachment. Meanwhile, left-wing presidential Trumps own unpopularity and diminishing 2020 election
hopefuls want to reverse tax cuts and then hike taxes as part of a prospects could undermine the economy and stock market, cre-
sweeping agenda. ating a negative feedback loop.
Americans have grown accustomed to high-decibel politics. A divisive Trump impeachment battle could hurt the
But as far as the stock market outlook is concerned, were actual- SEE TAX HIKES ON A8

INVESTING ACTION PLAN


FISCAL POLICY and Senate squash any emergency declara- Pioneers EPS to jump 43.4% to $1.75, with Canadas medical and recreational markets
tion, Trump could be forced to issue his revenue up 53.3% to $2.34 billion. OPEC expand. Analysts say Canopy has a lot to
Countdown To Budget Deadline first veto, then face a lengthy court chal- will release its monthly oil market report gain from a hemp license in New York
With government funding set to lapse on lenge that halts construction. on Tuesday, and the International Energy state and a roughly $4 billion investment
Friday, Feb. 15, a bipartisan deal that would Agency will release its monthly report from beer and wine company Constellation
OIL & GAS Wednesday. The Energy Information BrandsSTZ. But Cowen cut its sales forecast
provide some money for fencing, but not a
Administration will report weekly stock- for Canopy for the quarter, as shortages
wall, is in the works. President Trump met
with Republican negotiators on Thursday
Shale Earnings Season Begins pile and production data on Wednesday. hobble Canadas recreational market. And
Oil giants like Exxon MobilXOM have report- Constellation in recent months has faced
and left them with the impression that hell ed, and now its time for smaller shale CANNABIS INDUSTRY more questions about whether its invest-
sign it. After the last government shutdown producers. Marathon PetroleumMRO, Lare- ment will work out.
ended with an air traffic snarl, another one do PetroleumLPI and Pioneer Natural Re- Will Pot Earnings Catch Fire? Investing Action Plan continues on A2
appears unlikely, though Trump continues sourcesPXD are slated to release quarterly Aurora CannabisACB reports late Monday,
to say a wall is necessary. Trump still has results after the close Wednesday. Analysts though no estimates are available. Canopy
the option of declaring a national emergen- expect Marathons EPS to soar 85.7% to 13 GrowthCGC reports fiscal Q3 earnings after
cy, but the idea has raised some opposition cents, with revenue rising 4.3% to $1.44 the close on Thursday. Wall Street expects
by GOP Senators, who fear a Democratic billion. Laredos EPS is seen edging up a per-share loss of 14 cents, deeper than a
president could declare a national emergen- 5.3% to 20 cents, but revenue is expected year ago. Sales are seen at $66 million,
cy to combat climate change. If the House to fall 1.3% to $237 million. Analysts expect nearly quadruple that of a year ago, as

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Copyright 2019 Investor's Business Daily Inc.


A2 WEEK OF FEBRUARY 11, 2019 INVESTORS.COM

VITAL SIGNS Economic Optimism Index Six-Month Outlook Index Confidence In Federal Economic Policies
Economic Optimism Hits 16-Month Low 60 60 55 Feb.:
Feb.: Feb.:
Despite the shutdown ending and stocks 50.3
55 46.3
55 44.5 50
rebounding, the IBD/TIPP Economic 50
Optimism Index fell 2 points to 50.3 in Feb., 45
just above the neutral 50. The six-month 50 45
40
outlook index and confidence in federal
economic policies turned more pessimistic. 45 35 40
Source: IBD/TIPP Poll of 904 adults, Jan. 24-Feb.1 F 18 M A M J J A S O N D J 19 F F 18 M A M J J A S O N D J 19 F F 18 M A M J J A S O N D J 19 F

TO THE POINT
BUSINESS BRIEFS TRENDS
Happiness vs. joblessness
Stocks hit wall, but dont fall Twitter guides low; Snap soars Unemployed Finland residents
The S&P 500 and Nasdaq were TwitterTWTR beat fourth-quarter esti- were happier, but not necessarily
turned back from the 200-day line mates, but the social site gave cau- likelier to land employment, after a
amid concerns about China trade tious revenue guidance and sees ris- two-year experiment in which
talks and global growth., but eked ing expenses. Twitter stock fell 2,000 unemployed people there re-
out a weekly gain. So did the Dow. sharply Thursday and Friday. ceived a monthly basic income,
Leading stocks outperformed. Meanwhile, SnapSNAP jumped after as reported by the BBC. The gov-
Earnings reports remained heavy, Q4 results that blew past expecta- ernment-backed trial, in which the
with big winners and losers. tions, while daily users stabilized. people received around $685 a
month, was intended to gauge
Google EPS tops, margins fall Video game stocks are wild whether such a steady income
Google-parent Alphabet earn- GOOGL Electronic ArtsEA and Take-Two In- helped people find work. Finland
ings beat Q4 views, boosted by a teractiveTTWO guided low on March- was the first nation in Europe to
lower-than-expected tax rate and quarter revenue. EA missed De- conduct a test of that kind of finan-
a $1.3 billion unrealized gain on a cember-quarter views due to weak cial assistance.
debt security. But operating mar- sales of Battlefield 5 and mobile WE HAVE FOLLOWED the special counsels regulations to a T, said
gins fell to 21% from 24% a year ear- games. EA stock roared back for a Acting Attorney General Matthew Whitaker in testimony Friday on 50% of dogs are overweight
lier amid growing investments in 7% weekly gain on strong early Capitol Hill. There has been no event, no decision, that has required Veterinarians say that nearly 50%
the cloud, AI and other areas. Goog- users for Apex Legends, a free-to- me to take any action, and I have not interfered in any way.
play rival to Fortnite. Take-Two of dogs they see are overweight, ac-
le hiked its stock buyback to $12.5 cording to a Tufts study cited by
billion from the prior authoriza- beat holiday-quarter targets due to
hit games Red Dead Redemption the New York Times. But their
tion of $8.6 billion. Shares initially
edged up on earnings, but pulled
2 and NBA 2K19. Shares fell 7%. INVESTING ACTION PLAN owners seem to be in denial, with
only 17% aware that their pets
back to close modestly lower. TransDigm earnings boom were overweight. While owners
STOCKS TO WATCH CHIP SECTOR think they are being kind by offer-
Chipotle surges on earnings The BoeingBA and Lockheed Mar-
tinLMT suppliers Q1 EPS of $3.85 Apparel names in or near buys Rare Nvidia revenue drop seen ing up treats to good dogs, those in-
Chipotle Mexican GrillCMG rocket- beat views by 50 cents. Confirming dulgences could hurt their dogs in
NikeNKE is 1% above a cup-with- The graphics-chip maker is ex-
ed through a buy point after report- preliminary figures, sales rose 17% the long run. A study from the Uni-
handle buy point of 81.50. On a pected to post its first sales decline
ing Q4 EPS jumped 28%, far above to $993.3 million, its fourth quarter versity of Liverpool found that the
weekly chart, the relative strength in at least four years when it re-
views. Digital sales surged 66%. in a row of faster growth. Trans- life span of overweight dogs was up
Shares soared 10.5% for the week. line is at a new all-time high. ports Thursday. NvidiaNVDA warned
DigmTDG sees 2019 EPS above ana- Under ArmourUAA is 4% below a of weaker sales of gaming and to 2-1/2 years shorter than normal-
lyst expectations. Shares rose 8% data-center systems on Jan. 28. weight dogs.
Payroll software stocks jump after soaring 12% in the prior week.
21.62 entry from a cup-with-han-
dle base, but the stock action has Analysts expect EPS of 75 cents, Kids load up on toothpaste
PaycomPAYC said Q4 earnings shot down 58%, on sales of $2.3 billion,
been choppy. LululemonLULU is
up 110% to 61 cents a share as reve- IN BRIEF down 21%. Its guidance will be Children are brushing their teeth
2.8% below a cup-with-handle
nue rose 32% to $150.3 million. It closely watched to see how long with so much toothpaste that its
entry at 152.91. DeckersDECK is 2.5%
guided higher on Q1 revenue and BB&TBBT will buy SunTrustSTI in a above a 137.59 entry point. Colum- the downturn could last. unhealthy, the CDC warns. The
EBITDA. Paycom stock jumped, $66 billion stock deal, the biggest CDC and American Dental Associa-
clearing a buy point. PaylocityPCTY bank merger in over a decade. bia SportswearCOLM blasted out of a
cup base with a 95.84 entry on FOOD tion recommend children age 3 to 6
earnings grew 43% to 23 cents, the BB&T and SunTrust rose Thurs- should use no more than a pea-
third straight quarter of accelerat- day. So did other regional banks. Friday, rising 15.6% in heavy Beverage giants eye cannabis
volume on strong earnings. sized amount of paste. But a study
ing growth. Revenue rose 25% to Coca-ColaKO will report Thursday by the Centers for Disease Control
$107.2 million. Both modestly beat. WWE WWE
crushed Q4 EPS views while PepsiCoPEP will announce
and announced a $500 million CYBERSECURITY and Prevention found that nearly
Shares raced higher, nearing a buy results early Friday. Analysts see 40% of kids in that age group were
buyback. Shares were volatile but
point. Ultimate SoftwareULTI accept-
were in buy range Friday intraday.
Qualys, CyberArk earnings due Cokes EPS climbing 10.3% to 43 using a too much paste. Fluoride
ed an $11 billion buyout by a group QualysQLYS and CyberArkCYBR are cents but see sales dropping 6.1% toothpaste prevents cavities and
led by Hellman & Friedman. Ana- Slack Technologies announced set to report their Q4 earnings late to $7.06 billion. Pepsis EPS is tooth decay, but brushing with too
lysts say a higher bid could emerge. plans for an IPO. It could happen Tuesday and early Thursday, expected to climb 13.7% to $1.49 much of it can damage enamel and
00 ZendeskZEN earned an adjusted midyear. Food delivery service respectively. Analysts expect while sales are seen dipping 0.1% discolor teeth, if children swallow
10 cents a share in Q4 vs. a loss last Postmates also filed for an IPO. Qualys to post EPS of 40 cents, up to $19.52 billion. Soda consump- excessive fluoride, the CDC said.
year. Revenue shot up 41% to 25%, on $74 million in sales, up tion is on the decline, so expect The report was based on data from
$172.2 million. The customer-con- Columbia SportswearCOLM EPS 17.6%. The consensus calls for analyst questions on the pot indus- 2013 to 2016 about the brushing
jumped 28% to $1.68, beating by 41 CyberArks EPS to grow 43.9% to try. Both companies have said habits of 5,157 children.
tact software maker guided higher
cents. Sales rose 18% to $917.6 59 cents per share and for sales to they are observing the cannabis
on Q1 and 2019 revenue. million, also topping. The outdoor
apparel and footwear maker and
increase 19.4% to $96 million. market for now. Diarrhea drug overdoses soar
Data analytics stocks fall retailer guided up for 2019. Shares Diarrhea drug overdoses are be-
SOFTWARE NETWORKING
TableauDATA beat Q4 earnings esti- soared Friday to a new high. coming a byproduct of the opioid
mates while revenue sightly beat. Enterprise software reports Cisco sales to keep growing crisis gripping the nation, a new
But billings fell short of estimates IRobotIRBT, maker of the Roomba RingCentralRNG reports Monday: The computer networking giant study suggests. The number of pa-
while the Big Data firm guided low robotic vacuum cleaner, beat EPS up 157% to 18 cents; sales up reports fiscal Q2 earnings Wednes- tients reported to the U.S. National
on revenue. Shares fell 6% for the holiday-quarter estimates and day. Cisco SystemsCSCO revenue is Poison Data System after taking
29% to $181 million. TwilioTWLO
week, tumbling below a buy point. guided up for 2019. Shares rose. expected to rise for the fifth toxic doses of loperamide sold
reports Tuesday: EPS of 4 cents
New RelicNEWR beat quarterly views vs. a 3-cent per-share loss a year straight quarter after falling for over-the-counter as Imodium
and guided higher on revenue. But Spirit AirlinesSAVE reported mixed jumped by more than 90% be-
Q4 earnings. Some analysts sought ago; sales up 60% to $185 million. two years. Analysts expect reve-
shares fell 1%. nue to grow 4.4% to $12.41 billion tween 2010 and 2016. Addicts are
a better Q1 outlook on unit revenue HubSpotHUBS reports Tuesday: EPS
growth and cost containment, but up 150% to 30 cents; sales up 29% and EPS to climb 14% to 72 cents attracted to the drug because it can
Cybersecurity stocks mixed remained upbeat on Spirits pros- to $137 million. LogMeinLOGM re- as the company shifts to software make someone high in huge quanti-
FortinetFTNT and FireEyeFEYE beat Q4 pects. Shares fell then rebounded. ports Thursday: EPS up 17% to and services. ties. The Rutgers study showed the
EPS and revenue views but guided $1.41; sales up 9.5% to $306.5 number of loperamide abuse cases
low. Both stocks sold off Thursday. The New York Times Co.NYT broke being reported has risen steadily.
Rapid7RPD reported a smaller-than- to a 13-year high after beating Q4
million. IN BRIEF Most of those who overdose are
expected loss and above-forecast estimates and raising its dividend. ELECTRONICS 00 ZoetisZTS reports Thursday: EPS white, more than half were male,
revenue. Shares surged Friday. Digital subscriptions rose sharply. up 11.6% to 77 cents; sales up 4% to and the average age was 27.
Zebra Tech nears buy point $1.52 billion. 00 Romantics are expected to
Two chip stocks hit buy points Ubiquiti NetworksUBNT earnings The maker of rugged mobile com- 00 Under ArmourUAA is Tuesday: spend $20.7 billion this Valentines
leapt 75% to $1.33 a share, beating puters, RFID tracking chips, and Day, the most since 2016, accord-
Chip stocks surged to a four-month EPS of 4 cents vs. breakeven a year
by 30 cents. Revenue grew $22.5 bar code scanners and printers ing to the National Retail Federa-
high Wednesday, then pulled back. million to $307.3 million, also ago; sales up 1% to $1.38 billion.
Chip-gear maker EntegrisENTG and designed to track inventory and tion.
easily topping. The wireless gear 00 DeereDE reports Friday: EPS up
chipmaker MaxLinearMXL hit buy other assets reports Thursday.
maker blasted to a new high. 37% to $1.80; sales up 15% to $6.89
points on better-than-expected re- Wall Street expects Zebra Tech-
sults. MicrochipMCHP rose on strong Euronet WorldwideEEFT earnings nologiesZBRA to earn $2.93 a share, billion.
CONTENTS
sales and earnings, despite a weak climbed 21% to $1.37. Revenue up 26%, on sales of $1.12 billion, 00 ShopifySHOP reports Tuesday:
Best Mutual Funds 2019 .A16 Industry Snapshot ..........A10
March-quarter outlook. QorvoQRVO grew 7% to $649.4 million. Both up 9%. The stock is nearing a buy EPS up 33% to 21 cents; sales up
Big Picture .........................B6 Internet & Technology .......A5
beat fiscal Q3 estimates, but disap- topped. The IBD 50 payments point of 184.85. 47% to $327.5 million. Block Trades .......................B6 Investors Corner ................B5
pointed with Q4 targets. stock cleared a buy point Friday. Commodity Futures .........B18 Issues & Insights ............A15
Credit Market ...................B19 Leaders & Success .............A4
NATION & WORLD Dividends News ..................B3
Earnings News .................B13
Leading Market Index .......B6
Low Price Stocks ..............B11
Earnings Calendar ..............B2 New America ......................A6
'Green New Deal' pitched U.S. sets Syria withdrawal Earnings Preview ...............B2
Exchange Traded Funds ..A12
New Highs & Lows ..........B14
New Highs List Analysis...B14
Liberal Democrats offered a Green The Pentagon plans to remove the Financial Advisor Briefng ..A9 New Issues .........................A6
New Deal resolution, embracing majority of 2,000 U.S. troops de- General Market ...................B7 Option Tables ...................A14
the goal of eliminating U.S. carbon ployed to Syria by the end of April, Global Leaders ..................B12 REITs ................................B10
emissions in a decade. The vague according to the Wall Street Jour- IBD 50 ..................................B1 Research Tables .................B5
proposal doesnt offer a way to nal. The April withdrawal date IBD Big Cap 20 ..................B17 Stocks Spotlight ..............B14
IBD Industry Themes ..........B9 Swing Trader.....................B13
reach that goal, or a funding source comes after President Trump said
IBD Sector Leaders ...........B10 Timesaver Tables..............B13
other than the Fed, though it backs in December that the U.S. won IBD Stock Analysis ............B8 To The Point ......................A2
SALE CANCELLED/RESCHEDULED alternative-energy investments in the war against the Islamic State IPO Leaders ........................B11 Volume Changes.................B6
NEW DATE AND SALE LOCATION infrastructure and transportation. and that troops were coming back Income Investor .................B9 Weekly Top 10 ....................B2
Property Location: Earnest money to bid: Rep. Alexandria Ocasio-Cortez of now. The general in charge of U.S. Industry Groups ..................B9 World News Briefs .............A2
Kings Lane Apartments $100,000 New York is the face of the propos- Central Command, which is re-
4400 Kings Lane
Burton, Michigan 48529 al, and it could be a litmus test of sponsible for the Syria deploy-
Time and Date of Sale: Letter of Credit: sorts in the Democratic presiden- ment, told Congress on Tuesday More Data On Investors.com
A $300,000 Letter of Credit (LOC)
Wednesday, February 13, 2019 is required at closing to ensure repairs tial nomination fight. that he was not consulted prior Find your favorite data every day
2:00 p.m. (local time) at IBD Data Pages, listed under
to Trumps announcement.
Sale Location: To submit a bid: 00 The Supreme Court temporari- Stock Lists on Investors.com. Or
U.S. Department of Housing and Bids may be submitted in writing or ly blocked a Louisiana law requir- U.K.: EU officials told Prime go to http://www.investors.com/
Urban Development made orally at the Foreclosure Sale.
Burnett Plaza Office Building Interested parties must obtain a Bid Kit ing abortion providers to have Minister Theresa May that Brexit ibd-data-tables/
801 Cherry Street talks wont be reopened and that
Suite 2800, 28th Floor
before they can bid. admitting privileges at a nearby
Fort Worth TX 76102
After receipt of the bid kit address hospital. Chief Justice John Rob- the the EU could only add
Terms: questions to: erts, though he dissented in a 2016 wording to the current deal,
All Cash/30-Day Closing Property Disposition Division case that struck down a similar which was voted down last month
Unstated Minimum Lori.L.Gregg@hud.gov IBD Weekly (ISSN 2472-7091, online ISSN 2472-7385)
(817) 978-5801 Texas law, sided with the liberals in one of Parliaments most is published Monday. Periodicals postage paid at Los Ange-
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INVESTOR'S BUSINESS DAILY WEEK OF FEBRUARY 11, 2019 A3

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A4 WEEK OF FEBRUARY 11, 2019 INVESTORS.COM

WISDOM TO LIVE BY Allen On Bottom Line Keller On Priorities


In all human affairs there are efforts, and there Your work life is divided into two distinct areas
Frost On Staying Present are results, and the strength of the effort is the what matters most and everything else. You will
Ends and beginnings there are measure of the result. have to take what matters to the extremes and be
no such things. There are only James Allen, author okay with what happens to the rest. Professional
middles. success requires it.
Robert Frost, poet Rogers On Self-Satisfaction Gary Keller, entrepreneur
The only way to enjoy anything in life is to earn it
first. Ginger Rogers, dancer

LEADERS & SUCCESS


IBDS 10 SECRETS TO SUCCESS
Investors Business Daily has spent years analyzing leaders and suc-
cessful people in all walks of life. Most have 10 traits that, when
combined, can turn dreams into reality. Each day, we highlight one.
Salesforce.coms Benioff
1 HOW YOU THINK IS EVERYTHING: Always be positive. Think
success, not failure. Beware of a negative environment.
Took His Firm Sky-High
Evolve: He pioneered delivering software via the cloud
2 DECIDE UPON YOUR TRUE DREAMS AND GOALS: Write
down your specific goals and develop a plan to reach them.

3 TAKE ACTION: Goals are nothing without action. Dont be


afraid to get started. Just do it.
BY MARILYN MUCH
FOR INVESTORS BUSINESS DAILY

Consumer websites were taking


4 NEVER STOP LEARNING: Go back to school or read books. Get
training and acquire skills. off at the dawn of the internet in
1996. But cloud-computing pio-
neer Marc Benioff was already
5 BE PERSISTENT AND WORK HARD: Success is a marathon, not a
sprint. Never give up. looking further ahead. He saw the
future in delivering software appli-

6 LEARN TO ANALYZE DETAILS: Get all the facts, all the input.
Learn from your mistakes.
cations to businesses in a new way
online.
Benioff is chairman, co-CEO and

7 FOCUS YOUR TIME AND MONEY: Dont let other people or


things distract you.
founder of Salesforce.comCRM.
I was intrigued by websites such
as Amazon.com, which revolution-
8 DONT BE AFRAID TO INNOVATE; BE DIFFERENT: Following
the herd is a sure way to mediocrity.
ized the way consumers shopped,
wrote Benioff, in a book he co-
wrote with Carlyle Adler in 2009,
9 DEAL AND COMMUNICATE WITH PEOPLE EFFECTIVELY: No
person is an island. Learn to understand and motivate others. Behind the Cloud. I thought the
internet would change the land-
scape for businesses, too.
10 BE HONEST AND DEPENDABLE; TAKE RESPONSIBILITY:
Otherwise, Nos. 1-9 wont matter. Benioff started Salesforce in 1999
with a goal of making enterprise
HOW YOU THINK IS EVERYTHING software as easy to use as a website
like Amazon.com, he wrote.
Are You Emotionally Fit? That idea to deliver business ap-
plications as a service over the in-
ternet would change the way
Success always begins as an tions like, What if were businesses use sophisticated soft-

1 inside job.
Thats the thinking of
Susan Packard, author of
Fully Human: 3 Steps to
Grow Your Emotional Fitness in
Work, Leadership, and Life.
wrong?and What if there is a bet-
ter way? can leave you paralyzed
with fear. Allow the compelling
need to act to outweigh all doubts
and setbacks.
Packard adds that a way to take
ware, applications and, ultimately,
change the way the software indus-
try works.
Blazing A Path
Turns out Benioff was right. He
Marc Benioff, inspired by Amazon and other shopping websites, real-
ized he could also change the way the software industry works.

Benioffs Keys
Juggle, for $75. He founded his
first company, Liberty Software,
which created video games, at 15.
00 Pioneered cloud soft-
Packard is the co-founder of the emotion out of setbacks is to not only built Salesforce into the ware as a service. Benioff earned a B.S. in Business
Scripps Networks Interactive and say what happened. Accept that it worlds No. 1 customer relation- 00 Overcame: Threat of Administration from the Universi-
former COO of HGTV, one of the happened. Find new openings. ship management (CRM) plat- bankruptcy during the ty of Southern California.
fastest-growing cable networks in Make a big bet. Many people form, he also revolutionized the dot-com disaster. Before launching Salesforce, he
TV history. and organizations are naturally way software is delivered. In turn, 00 Lesson: Walk the talk. spent 13 years at Oracle Corp.ORCL,
Having a clear head allows you to cautious, Case says. customers benefited financially, 00 You cant just have where he was the youngest vice
show up for work in your most pro- The downside to that is they look and a new industry was spawned. values on the front door. president in the companys history.
ductive mental state, she says. at what seemed to work in the past He was the father of cloud soft- You have to put your val- Benioff was guided by some of
Peace of mind is a competitive ad- and try to do more of it, leading to ware as a service, and the first per- ues into action. Are you the lessons he learned from Ora-
vantage, given that today speed, only incremental advances, she son to convince companies to trust willing to take an econom- cles co-founder Larry Ellison.
focus and problem-solving are criti- said. (But) every truly history- him with their valuable data, Rob ic consequence when val- Benioff lists them in his book: Al-
cal work skill sets. making transformation has oc- Oliver, Baird senior research ana- ues are tested? ways have a vision. Be passionate.
Former AOL senior executive curred when people have decided lyst for software, told IBD. When Act confident, even when youre
Jean Case, author of Be Fearless: 5 to go for revolutionary change. they (Salesforce) came public (in not.
Principles for a Life of Break- One example she points to: In 2004) they said the addressable els, which Benioff described to
throughs and Purpose, says to live 2008, in the middle of the financial market was in the high-single-digit IBD this way: Finding A Purpose
an extraordinary life of break- crisis, Brian Chesky and Joe Gebbia billions. Now the market is $120 bil- Vision is, what do I really want, The Salesforce saga started to
throughs you must be bold, take boldly began to solicit investors lion. That gives you an idea of how what is my dream? take shape when Benioff was on
risks, make failure matter, and let most of whom thought the idea of bold a visionary he was to see the Values. Whats truly important sabbatical from Oracle. He was get-
urgency conquer fear. staying in the home of a stranger world differently and having the to you? What are your values for ting restless after 10 years at the
Tips on targeting unproductive was crazy and founded Airbnb. ability to solve problems for cus- the company, for yourself, for your company and wasnt sure what he
thoughts and replacing them with Today, some 500,000 people stay in tomers and expand the address- products, for your relationships wanted to do. Quit? Start a com-
winning ones: one of Airbnbs more than 3 million able market. with others and what is the prioriti- pany? Or take Oracle in a different
Read and react. Take a quick in- listings every day. In 2017 the com- From the start, Benioff wanted zation of those values? direction? he wrote.
ventory each day of your emotional pany had $2.6 billion in revenue. Salesforce to be a different kind of Methods. How will you get what To get some answers, Benioff did
fitness, Packard says. If youre in a Seize opportunities. Risk-tak- company. He envisioned a new you want? How are you going to some soul searching for three
good place with your peace of ing is not a blind leap off a cliff but a technology model on-demand, achieve your dream? And that also months in Hawaii. Then for two
mind, then you can move on. If not, lengthy process of trial and error, or delivered over the internet, now needs to be prioritized . . . In many months he traveled to India. He
nurture emotional intelligence. Case says. Have the guts to try called cloud computing; a new sub- cases, our methods become our op- met with spiritual masters, includ-
Packard has found in her own life new, unproven things and the rigor scription business model; and a erating budget, for example. ing His Holiness the Dalai Lama,
and in the lives of leaders she to continue experimenting. new integrated corporate philan- Obstacles. What is preventing us who talked about finding ones
works with, meditation and mind- It doesnt end with the launch of a thropy model. from achieving our success? What calling and the importance of com-
fulness help to lessen stress and product or the start of a movement. Today, following Benioffs vision, is preventing us from achieving munity service, he wrote.
clear a cluttered mind. You need to be willing to risk the the companys cloud-based CRM our dream? One meeting with guru Mata Am-
She adds that a critical compo- next big idea, even if it means upset- applications for sales, service, mar- Measures. How will we know ritanandamayi, known as the hug-
nent of emotional intelligence is ting your own status quo, she said. keting, and more dont require IT when we are successful? What are ging saint, had a strong impact.
having self-awareness. Stillness, Practice we, not me. Great lead- experts to set up or manage them. our metrics or our measure- It was she who introduced me to
quiet and other reflective practices ers provide hope, a generous spirit They just log in and start connect- ments? the idea of, and possibility of, giv-
help with that. and moral courage, Packard says. ing to customers. Salesforce broadcasts its manage- ing back to the world, while pursu-
Packard cites the famous anony- Whether as a leader or an employ- Under a new management ment meetings to employees all ing my career ambitions, Benioff
mous quote to use as a filter: ee, perpetuate a collaborative model, Benioff shares the CEO over the world. wrote. I realized I didnt have to
Watch your thoughts; they be- workplace culture. post with Keith Block. Block was The most important thing is get- make a choice between doing busi-
come words. Watch your words; There are data on the financial promoted to co-CEO last August ting alignment with our employees ness and doing good. I could align
they become actions. Watch your benefits of doing this. She says for from his prior post as president, with the V2MOM, Benioff said. these two values and strive to suc-
actions; they become habits. those who lead with principles that vice chairman and chief operating Thats where over-communica- ceed at both simultaneously.
Watch your habits; they become characterize we leaders, like in- officer. tion comes into play. And its that And thats what Benioff did.
character. Watch your character; it tegrity and compassion, compa- On Day 1 of the companys found- kind of a triad of alignment, aware- When he started the company he
becomes destiny. nies return on assets was signifi- ing, Benioff created the 1-1-1 philan- ness and over-communication that integrated culture with service.
Stay aggressive. Let urgency cantly better than those who did thropy model. The model leverag- helps to make the V2MOM success- That strategy has served him well.
conquer fear as you invest in peo- not, as measured over a two-year es 1% of the companys equity, em- ful. Salesforce estimates fiscal 2019
ple and build bold ideas that will time period. ployee time and product to help im- (ended Jan. 31) revenue will be
change the world, Case says. We, not me leadership requires prove communities worldwide. Commitment $13.23 billion to $13.24 billion.
Dont overthink or over-ana- developing the mindset of putting Salesforce is committed to a set of Theyre growing revenue by
lyze, she said. Do. Its natural to self-centered agendas to the side Leadership Strategies core values trust, customer suc- 20%, said analyst Oliver. That
want to study a problem from all an- for the greater good of the organiza- Benioff abides by a few leader- cess, innovation and equality. says it all. And theyre going to
gles, but getting caught up in ques- tion, Packard said. Michael Mink ship strategies that have helped For Salesforce, company success grow again at 20% in (fiscal 2020).
fuel Salesforces success. is synonymous with customer suc- That defies the law of large num-
I strongly believe in over-com- cess. bers. When you get to that kind of
munication, Benioff told IBD. Said Benioff to IBD: Were pas- scale and are still growing at 20%,
6 2,$+ - (, Im constantly reinforcing our val- sionate advocates of our custom- theyre doing a lot of things right.
ues to our executives and our em- ers. This is also translated into us Theres a big appetite for what they
& 2(Q)$&QQ"+Q$(6 +,$(" ployees and to our customers and being the fastest-growing enter- do.
our key stakeholders . . . and also prise software company of all time.
what our vision is, that is, what we Weve grown our business from First To Market
"4IQ!F44Q$CK4GIDFGQ#/C31DD@QQ actually want; how were getting it;
what is preventing us from having
an idea 20 years ago to what will be Benioff stands out as a leader and
$16 billion in revenue this year industry pioneer.
(4LGA4II4FG it; and how well know when we with a market capitalization of Strategically, Salesforce came to
have it. over $100 billion, and we also con- market at a good time, says Richard
The answer to these questions tinue to grow at a healthy pace and Davis, research analyst at Canac-
/AAQ  Q)FQK:G:IQ F/IO 2DBQ lies in a management process creat- have great success. So that is very cord Genuity.
ed by Benioff called the V2MOM exciting because, of course, custom- Enough dissatisfaction with
(an acronym for vision, values, er success is one of our core values, now gone firms like Siebel, Baan
+;C24Q methods, obstacles and measures). and by focusing on our customers and Act! gave Salesforce an open-
Without a doubt, this process its helped our business in the same ing to come to market with cloud
 has been our best-kept secret to the way. software that was easier to deploy,
fast growth and excellence we easier to use and less expensive to
have achieved, Benioff wrote. Laying The Foundation pay for through annual subscrip-
J:AIQDCQ.:G3DBQQ,FJGI Benioff writes a V2MOM every
year, as does every Salesforce em-
Benioff, 54, always wanted to be
an entrepreneur, he wrote.
tions, Davis told IBD.
Adds Oliver: Marc is a visionary.
L;G3DB 4F/IO 2DB ployee. When he was 14 years old, he sold For me personally, the most impor-
2 +5&,+Q(),Q"52(,  The V2MOM consists of five lev- his first piece of software, How to SEE BENIOFF ON A6

Copyright 2019 Investor's Business Daily Inc.


INVESTOR'S BUSINESS DAILY WEEK OF FEBRUARY 11, 2019 A5
DATA BUS Smartphone unit shipments, by vendor, in millions Year-over-year change in smartphone shipments
2018 Bad Year For Smartphones 600 2017 2018 40%
Global smartphone unit shipments
declined 4.1% in 2018 to 1.4 billion units. 400 20
Through the fourth quarter, shipments
have declined for five consecutive 200 0
quarters. Challenging market conditions
have continued into 2019. 0 -20
Source: IDC Samsung Apple Huawei Xiaomi Oppo Others Samsung Apple Huawei Xiaomi Oppo Others Ttl Market

INTERNET & TECHNOLOGY


TECH LEADERS

Smartphone Sales Seen Tumbling Ubiquiti Shares Vault On Earnings


After Historic 2018 Demand Drop BY REINHARDT KRAUSE
INVESTORS BUSINESS DAILY

Worst Year Ever, IDC Says Ubiquiti NetworksUBNT reported fiscal second-quarter earnings and
revenue that blew past analyst estimates this week, igniting a strong rally
in shares of the wireless network equipment maker.
Shipments slump by 4.1% New York-based Ubiquiti said earnings jumped 75% to $1.33 a share,
and further declines seen with revenue rising 22.5% to $307.3 million. Sales to large companies
during 2019 and beyond jumped 48% to $194 million.
500 Analysts saw Ubiquiti earn-
450 Tech Leaders vs. S&P 500 Tech Leaders
ings at $1.08 cents a share on
BY PATRICK SEITZ 400
sales of $276.4 million for the
INVESTORS BUSINESS DAILY 350
300
period ended Dec. 31, Thom-
Smartphone sales are in the 250
son Reuters says. Shares
dumps. And with consumers in- 200 vaulted more than 16% Friday.
creasingly reluctant to upgrade 150 With Fridays big gain, Ubiq-
their handsets, the situation isnt 100 S&P 500 uiti stock jumped past a buy
likely to change soon. 50 zone. The wireless gear maker
Last year, worldwide shipments 05 06 07 08 09 10 11 12 13 14 15 16 17 18 had an entry point of 115.54.
of smartphones fell 4.1% to 1.4 bil- While Ubiquiti is now out of
lion units, research firm IDC said. range from the base buy point, investors could use the opening price of
In the fourth quarter alone, ship- 120.50 as an entry point for the powerful earnings gap.
ments dropped 4.9% to 375 million Smartphonesalesarein thedumps, and withconsumersmore reluctant Shares in Ubiquiti are up 81% from a year ago.Ubiquitis fiscal gross
units. to upgrade their handsets, the situation isnt likely to change quickly. margin dipped to 45.6% from 46.5% a year earlier.
In fact, smartphone shipments Selling wireless networking gear to enterprise customers has lifted
have fallenfor fivestraight quarters. provements in the latest handsets and Xiaomi, are gaining share in Ubiquiti profit margins. San Jose, Calif.-based Ubiquiti also sells wireless
IDC called 2018 the worst year arent convincing many people to other emerging markets such as networking gear to rural, wireless internet service providers.
ever for smartphone shipments. upgrade, especially with rising pric- India. The Ubiquiti earnings report showed it garnered nearly 40% of sales
Theres no question that 2018 es. Last year, while the overall smart- from North America during the quarter. Sales in the region climbed 27%
was a bad year and its looking like But the biggest factor hurting the phone market was down, Huawei to $121 million.
2019 will be down again, IDC ana- business right now is weakness in and Xiaomi increased their unit IBDs Telecom-Infrastructure group is ranked No. 38 out of 197 indus-
lyst Ryan Reith told Investors Busi- China. That country accounts for shipments by 33.6% and 32.2%, re- try groups.
ness Daily. Smartphone shipments roughly 30% of the worlds smart- spectively. They were the No. 3
could fall another 4% in 2019, he phone sales. Last year, smartphone and No. 4 smartphone vendors in
said. Shipments are likely to be flat sales in China dropped more than 2018.
in 2020, Reith said. 10%, IDC said. The top two vendors, Samsung
The downturn has hurt top smart- Basically one out of every three and Apple, saw their unit ship-
phone vendors like AppleAAPL and phones is consumed there, so ments decline 8% and 3.2%, respec-
Samsung, as well as a host of com- when that markets down its going tively.
ponent suppliers, such as Sky- to drag everything else down, Samsung and Apple continue to
works SolutionsSWKS, QorvoQRVO, Reith said. He is forecasting the push cutting-edge technologies in
QualcommQCOM and Taiwan Semi- China market to see some recovery their handsets, including faster pro-
conductor ManufacturingTSM. by the end of this year. cessors, better cameras and aug-
Reasons behind the smartphone Meanwhile, consumers in China mented reality. That strategy is
sales slump are manifold. For start- are choosing lower-cost handsets driving prices to crazy levels
ers, developed markets are largely made by domestic vendors. And over $1,000, Reith said. Mean-
saturated. And incremental im- those companies, such as Huawei SEE SMARTPHONE ON A8

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Copyright 2019 Investor's Business Daily Inc.


A6 WEEK OF FEBRUARY 11, 2019 INVESTORS.COM

AFTER MARKET IBD New Issues Index Leading New Issues


Food Delivery Startup Files Its IPO Plans Offering Offering Current EPS Industry Lead
Company Symbol Date price price %Chg Rtg group underwriter
Postmates has filed for an initial public offering Tilray Inc Cl 2 TLRY 7/19/18 17.00 79.24 366.1 2 Consumer Prod-Specialty Cowen And Company
with the Securities and Exchange Commis- Elastic Bv ESTC 10/ 5/18 36.00 87.02 141.7 4 Computer Sftwr-Database Goldman Sachs & Co
sion. The size and price range for the proposed Allakos Inc ALLK 7/19/18 18.00 40.06 122.6 2 Medical-Biomed/Biotech Goldman Sachs & Co
offering have not been determined. The provid- Clps Incorporation CLPS 5/24/18 5.25 11.15 112.4 32 Computer Sftwr-Financial Benchmark Company Llc
er of food delivery services has raised more Pluralsight Inc Cl A PS 5/17/18 15.00 31.60 110.7 24 Computer Sftwr-Design Morgan Stanley
than $675 million in funding and was valued at Guardant Health Inc GH 10/ 4/18 19.00 39.92 110.1 19 Medical-Services J P Morgan
$1.85 billion in January. JPMorgan and Bank of I3 Verticals Inc Cl A IIIV 6/21/18 13.00 24.76 90.5 36 Finance-Crdtcard/Pmtpr Cowen And Company
America will be the lead underwriters. Anaplan Inc PLAN 10/12/18 17.00 31.76 86.8 2 Computer Sftwr-Enterprse Goldman Sachs & Co

THE NEW AMERICA


DEXCOM San Diego, California

Can This Stock Lead Way As Diabetes Treatments Evolve?


third quarter. U.S. sales would
BY ALLISON GATLIN Dexcom have grown 40%, adjusted for de-
INVESTORS BUSINESS DAILY www.dexcom.com clining revenue per patient. The
In diabetes treatment, a patient Ticker DXCM medical device company also of-
must stick his or her finger several Share price Near 149
fered a pre-announcement for $331
12-month sales $915 mil
times a day. 5-year profit growth rate n.a. million in fourth-quarter sales,
DexcomDXCM, a behemoth among spiking at least 50% year over year.
IBD SmartSelect Corporate Ratings
medical device makers, is trying to
change that with a device called a Composite Rating 92 Impressive Stats
continuous glucose monitor. Earnings Per Share 52 Dexcom is the fifth-largest com-
These devices track glucose levels Relative Price Strength 98 pany in market cap in its industry
throughout the day rather than Industry Group Rank 18 group. The company also ranks sev-
relying on bloody finger sticks and Rank Within Industry Group 7 enth overall out of 56 companies.
test strips. Sales+Profit Margins+ROE D The group itself lists as No. 18 out
Glucose is a blood sugar that can Accumulation/Distribution C+ of 197 groups Investors Business
reach too high in patients with dia- See Investors.com for more details Daily tracks.
betes, leading to cardiovascular dis- Dexcom stock has a Relative
ease, blindness, kidney failure or pand to 84 million pre-diabetes pa- Strength Rating of 98 out of a best-
nerve degeneration. Too low, and tients in need of monitoring. possible 99. This means Dexcom
patients can lose consciousness. Di- Dexcom also is pushing for insur- stock trades in the top 2% of all
abetics use insulin, a hormone, to Dexcom is battling for the diabetes treatment market with a series of ers to cover its devices as a pharma- stocks in terms of its performance
help control these levels. continuous glucose monitors, facing rivals like Abbott and Medtronic. cy benefit. Doing so would make it over the past 12 months. The firm
A slew of medical device compa- easier for patients to access Dex- also has a Composite Rating of 92
nies including Dexcom, along coms glucose monitors. out of a total 99. The CR tracks key
with, MedtronicMDT and Abbott Rising Revenue Gains growth metrics.
LaboratoriesABT, are aiming to tap Dexcoms glucose monitors serve a sizable portion of the population, Price Concessions Dexcom stock broke out of a dou-
the market with continuous glu- and its showing up in the numbers via accelerating revenue growth To make this happen, Dexcom ble-bottom base in January with a
cose monitors. Today, theyre used Dexcom quarterly revenue growth Diabetes rates in U.S. adults Chief Financial Officer Quentin buy point at 138.69. Shares have
in a small number of diabetes treat- Blackford acknowledged that the risen 4.2% from that buy point. In-
ment cases. But Dexcom hopes to 50% Year-over-year By ethnicity
company has had to make some vestors may want to take profits
change that with a new device. Non-Hispanic whites 7.4% price concessions. The amount of when a stock has climbed
40
This is a patient experience un- money Dexcom received per pa- 20%-25% from its breakout.
Asian Americans 8.0
like anything weve ever done be- 30 tient slipped in the third quarter. Analysts are also broadly bullish
fore, Chief Executive Kevin Sayer Hispanics 12.1 However, the firm hopes to ulti- on Dexcom stock. Market-
said on the companys earnings con- 20 Non-Hispanic blacks 12.7 mately reach more people. Beat.com lists 13 buy ratings and
ference call in November. The fea- I think what is becoming appar- half a dozen hold ratings for the
tures we put in that system (called 10 American Indian/ ent to us is that there are certainly stock. Piper Jaffrays McKim has
G6) make it very, very desirable. Q1 17 Q2 Q3 Q4 Q1 18 Q2 Q3 Alaskan natives 15.1 some payers who are not going to an overweight rating and 165 price
Sayer was referencing Dexcoms Sourcse: Company reports, American Diabetes Association move into the pharmacy channel, target on Dexcom stock, and ex-
G6 continuous glucose monitor. he said on the earnings conference pects $1.2 billion in 2019 sales.
Last year, the Food and Drug Ad- healthy range (of glucose levels). To achieve its lofty target, Dex- call in November. So we know There is upside to volume esti-
ministration cleared a version of Dexcom offers a slew of continu- com expects to boost the number that were not going to go to 100% mates in 2019, he wrote in a recent
the G6 system that doesnt require ous glucose monitors. Its newest is of patients using its continuous glu- over time, but we do expect it will report. The company has still not
finger sticks. the G6. But analysts are bullish on cose monitors. In December, Dex- continue to uptick and improve be- caught up to the supply side (aka
its pipeline. The medical device com highlighted 45 million poten- yond the 40% that we see today. still supply constrained) and grew
Plan To Avoid The Pain company partners with pharma gi- tial patients in hospitals, with gesta- Still, even as it began to experi- over 50% in the fourth quarter of
Historically, diabetes treatment ants Eli LillyLLY and Novo Nordis- tional diabetes or non-intensive ence a dip in per-patient revenue in 2018. Needless to say, growth over
required patients to prick their fin- kNVO in diabetes treatment. type 2 diabetes. the third quarter, Dexcom report- the next five years should remain
gers multiple times per day. A de- We remain excited about the Plus, the firm noted it could ex- ed 44% revenue growth in the robust.
vice then reads the blood for glu- pipeline, Piper Jaffray analyst J.P.
cose levels. This helps diabetics de- McKim said in a January note. In
termine whether they need more about two years, Dexcom and Veri- IPO Filings Soon To Be Priced
or less insulin to keep their glucose ly Life Sciences, a subsidiary of Al-
in line with normal levels. phabetGOOGL, expect to launch the Symbol/ Shares Estimated Mkt Value P/E Ratios:
Continuous glucose monitors G7. They hope the device is thin- Company Exchange (000) Price ($Mil) Industry Group Co / Grp Lead Underwriter
aim to provide real-time data in dia- ner, less costly and has a wear time Avedro Inc AVDR/NDQ 5,750 14.0 16.0 114.5 MedicalSystems/Equip n.a./ 48 Bofa Merrill Lynch.
betes treatment. A patient attaches of 14-15 days. Waltham, MA. Manufactures pharmaceutical and medical devicesused in the treatment of eye conditions.
the device to his or her abdomen or Plus, it requires no finger sticks Anchiano Therap Ltd Ads ANCN/NDQ 2,760 14.6 14.6 85.5 MedicalBiomed/Biotech n.a./ 50 Oppenheimer & Co Inc.
upper buttocks. Some devices can which many see as key for improv- Israel. Develops and commercializes novel therapies to treat earlystage bladder cancer.
be attached to the arm. ing diabetes treatment. Stealth Biotherapeutics MITO/NDQ 7,130 12.0 14.0 368.4 MedicalBiomed/Biotech n.a./ 50 Jefferies Llc.
The patient monitors results via a Clearly, the cadence of products Cayman Islands. Development, and commercialization of novel therapies for diseases involving mitochondrial dysfunction.
smart device like a watch or phone. and innovation will remain robust
Tcr2 Therapeutics Inc TCRR/NDQ 5,750 14.0 16.0 103.6 MedicalBiomed/Biotech n.a./ 50 Jefferies Llc.
Dexcom says only half of 415 mil- as well, McKim said. Cambridge, MA. Developing new generation ofnovel T cell therapies for patients suffering from cancer.
lion diabetics worldwide are diag-
nosed. Only 6% of diabetic patients Expanding Treatment Market Cibus Corp Cl A CBUS/NDQ 7,667 14.0 16.0 407.6 Agricultural Operations n.a./ 19 Morgan Stanley.
San Diego, CA. Developsplant traits for the seed industry andcommercializesa proprietary geneediting technology, RTDS.
across the globe live a life free of di- The U.S. market has about 3.2 mil-
abetes-related complications, Dex- lion patients in the core area Dex-
com said in a December report. com targets intensive cases of
Diabetes management is a con- type 2 diabetes. But Dexcom imag- Prices Of Recent IPOs
stant balancing act, the company ines it can expand that. By 2023,
said during its analyst day in De- the firm expects $2 billion to $2.5 High % Chg % Chg
cember, estimating that 70% of billion in annual revenue, up from Symbol/ Offer Filing Offer From Current From
the time, patients are outside Company Exchange Date Price Price Filing Price Offer Industry Group Lead Underwriter
an estimated $975 million in 2018.
AlectorInc ALEC/NDQ 2/7 20.0 19.0 5.0 16.3 14.2 MedicalBiomed/Biotech MorganStanley
InmuneBioInc INMB/NDQ 2/4 8.0 8.0 0.0 7.9 1.0 MedicalBiomed/Biotech UnivestSecurities Llc
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IROORZLQJWKH([SLUDWLRQ'DWH (SaaS). Everybody knows today he force contributed more than $7 mil-
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ZLOO H[WHQG WKH 2IIHU DQG GLVVHPLQDWH DGGLWLRQDO WHQGHU RIIHU PDWHULDOV WR WKH H[WHQW UHTXLUHG E\ 5XOHV G F  DQG was the guy that pioneered the idea lion to support the proposal, ac- Looking To The Future
G G XQGHUWKH6HFXULWLHV([FKDQJH$FWRI WKH([FKDQJH$FW 7KHPLQLPXPSHULRGGXULQJZKLFKWKH2IIHU
PXVWUHPDLQRSHQIROORZLQJDQ\PDWHULDOFKDQJHLQWKHWHUPVRIWKH2IIHURWKHUWKDQDFKDQJHLQSULFHRUDFKDQJHLQ that software can drive revenue cording to CNBC.com. Benioff wants Salesforce to be
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(DVWHUQ7LPH tant. And they all come from Marc will generate up to $300 million a crisis of trust, he said. And when
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SD\PHQWIRU6KDUHVDFFHSWHGIRUSD\PHQWSXUVXDQWWRWKH2IIHUZLOOEHPDGHDQGWUDQVPLWWHGGLUHFWO\WRWKH6KDUHKROGHUV mental health services. the world, maybe it could be that
ZKRVH6KDUHVKDYHEHHQDFFHSWHGIRUSD\PHQW7HQGHUVRI6KDUHVPDGHSXUVXDQWWRWKH2IIHUDUHLUUHYRFDEOHH[FHSWWKDW Doing The Right Thing Benioff says the companys work we can be an example of trusted
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RIZLWKGUDZDOPXVWVSHFLI\WKHQDPHRIWKHSHUVRQ V ZKRWHQGHUHGWKH6KDUHVWREHZLWKGUDZQDQGPXVWEHVLJQHGE\WKH tive of Benioffs leadership style, very much a great illustration of So far, investors have been im-
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personal philosophy, and manage- Salesforce acting on its core values. pressed with Salesforces consis-
UHWHQGHUHGDWDQ\WLPHSULRUWRWKH([SLUDWLRQ'DWH ment approach. They have stood You cant just have values on the tent performance. Its stock rose
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VXEMHFWWRWKHFRQGLWLRQVRIWKH2IIHUWKH3XUFKDVHUZLOODFFHSWDQGSD\IRUDQDJJUHJDWHRIWKH6KDUHVEHLQJVRXJKWLQWKH Benioff is known for his social ac- put your values into action. Are you Can investors count on Sales-
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WUDQVIHUUHGWR3XUFKDVHU8QGHUQRFLUFXPVWDQFHZLOOLQWHUHVWRQWKHSXUFKDVHSULFHIRU6KDUHVEHSDLGUHJDUGOHVVRIDQ\ equality in the workplace and the Benioff says its important to ask year.
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([FKDQJH$FWLVFRQWDLQHGLQWKH2IIHUWR3XUFKDVHDQGLVLQFRUSRUDWHGKHUHLQE\UHIHUHQFH7KH3XUFKDVHULVPDNLQJD He cites as one example how to you? means stocks take escalators up
UHTXHVWXQGHU5XOHG XQGHUWKH$FWIRU DOLVWRI WKH6KDUHKROGHUVIRUWKHSXUSRVHRI GLVVHPLQDWLQJWKH2IIHU WRWKH
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2IIHU DQG FRPSOHWH WHQGHU RIIHU PDWHULDOV DYDLODEOH RQ WKH LQWHUQHW IRU UHYLHZ GRZQORDG RU SULQWLQJ 3OHDVH YLVLW Francisco. have, and my belief in the world Salesforce in your portfolio. There
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4XHVWLRQVDQGUHTXHVWVIRUDVVLVWDQFHPD\EHGLUHFWHGWRWKH3XUFKDVHUDWLWVDGGUHVVDQGWHOHSKRQHQXPEHU In October 2018, Benioff and and how things are created, he arent many companies where you
VHWIRUWKEHORZ7KH3XUFKDVHUZLOOQRWSD\DQ\IHHVRUFRPPLVVLRQVWRDQ\EURNHURUGHDOHURUDQ\RWKHUSHUVRQ Salesforce announced support of said. And that core value of trust get about 20% revenue growth and
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'HSRVLWDU\LV6/RV5REOHV$YH6XLWH3DVDGHQD&$7HO   San Francisco Proposition C, a bal- that I have inside me then also 20% free cash flow margins at scale
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lot measure that would tax compa- translates very well to my corpo- out there.

Copyright 2019 Investor's Business Daily Inc.


INVESTOR'S BUSINESS DAILY WEEK OF FEBRUARY 11, 2019 A7

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Copyright 2019 Investor's Business Daily Inc.


A8 WEEK OF FEBRUARY 11, 2019 INVESTORS.COM

Democratic Candidates Call For Huge Tax Hikes


and global economy. That damage ble. The budget deficit is already
TAX HIKES FROM A1 wont be quickly reversed. on track to hit $2 trillion within a
presidents 2020 election hopes As for the Fed, gears shifted al- decade. Neither party has the appe-
and put his business tax cuts at most overnight. After expecting tite to rein in Social Security and
risk. And if Trump job approval two rate hikes this year as of Dec. other entitlement programs. With
numbers sag much further, Demo- 19, Fed Chairman Jerome Powell this backdrop, not even the magic
cratic presidential contenders turned dovish on Jan. 4, sparking a of Modern Monetary Theory will fi-
plans to reverse the Trump tax cuts follow-through day for the stock nance Democratic spending plans.
and spread the wealth will look all market rally. By Jan. 30, the central California Sen. Kamala Harris,
the more worrisome to CEOs, en- bank officially abandoned its en- who is also running for president,
trepreneurs and investors. These dorsement of some further gradu- tweeted recently that she will part-
trends could reinforce each other, al increases in Fed rate hikes. ly pay for her 2020 election agenda
sandbagging business sentiment, Despite a risk of global auto tar- Medicare for All, universal
the economy, Dow Jones and the iffs, which Trump could embrace pre-K, debt-free college and a
Trump 2020 election bid. later this month, trade war and Fed wage supplement of up to $500 per
We can now begin to see that the risks likely will re-emerge only if month for middle-class house-
wealth gap issue will probably be the stock market and U.S. economy holds by reversing this Admins
the biggest issue of the election, have a strong 2019. Other political gifts to big corporations & the top
Ray Dalio, founder of hedge fund risks, on the other hand, likely will 1%.
behemoth Bridgewater Associates, grow if the economy underper- Democratic lawmakers, includ-
wrote on LinkedIn. forms. ing Ocasio-Cortez, unveiled a
This will become increasingly Green New Deal resolution on
apparent, Dalio wrote, highlight- Trump Border Wall Fight Thursday, endorsed by Kamala
ing emerging Democratic plans for Waging a battle over his border Harris. The resolution envisions
a 70% marginal tax rate and wealth wall, Trump seems perched at a sweeping environmental regula-
tax. We know these things will precarious spot. Trumps under- tion, massive income redistribu-
have big implications for capital whelming 42.2% job approval rat- tion and heavy state planning of
flows, market valuations, econom- ing, based on the RealClearPolitics the economy. Even without legisla-
ic conditions, and domestic and in- average, has deflated toward the tion, a Democratic president likely
ternational relations. lower end of its range since the would adopt a pro-regulation agen-
Business and investors may not economy took off in the spring of da that could damage corporate
be ready to pull back based on tax 2018. Falling below 40% would profits and the stock market out-
changes that may or may not hap- make a Trump 2020 election victo- look.
pen after the 2020 election. Yet ry a steep uphill climb, and he Although big policy changes
with the economic outlook already seems to realize it. I will get it built, said President Trump in his State of the Union ad- would be years away, the fiscal
becoming clouded, a rise in politi- Polls show Americans blamed dress, vowing to push for a wall on the U.S.-Mexico border. cloud hanging over the U.S. econo-
cal uncertainty could erode eco- the record government shutdown my could exert a downward pull
nomic optimism. Further slippage on Trump, who tried to use it to is expected to submit his Russia in- tory. The Dow then surged past sooner than later. Rising political
in Trumps approval, whether due force Congress to fund the border vestigation findings fairly soon. Its 26,000 over the ensuing 14 months. uncertainty, slow growth and
to a softer economy, fallout from wall. But he cant afford to alienate unclear how close indictments and With a Trump impeachment, as- weak stock markets could speed up
his fight for a border wall or a his base. allegations will get to the White suming the GOP-led Senate didnt inevitable state and local govern-
Trump impeachment battle, could If I did something that was fool- House. But if they are close, you convict, concerns about the stock ment pension crises.
dim the stock market outlook long ish, like gave up on border security, can expect Democratic calls for market outlook likely would re-
before Election Day. the first ones that would hit me are Trump impeachment. volve around Trump 2020 election Stock Market Surprise In 2019?
Trumps China trade war and my senators, Trump has said. The GOP-led House impeached chances. None of these concerns has
Fed interest-rate hikes took center The second ones would be the President Clinton in December The stock market has not fared grabbed the attention of Wall
stage in 2018 and tripped up the House. And the third ones would 1998 while the Republican Senate well since the tax cuts took effect, Street so far. That could set the
long bull market late in the year. be, frankly, my base. acquitted him in February. The largely because the Dow Jones ral- stock market up for a negative sur-
Yet the stock market swoon ap- The shutdown didnt derail the stock market shrugged off that po- lied in 2017 in anticipation of tax re- prise. Most Wall Street strategists
peared to clear the deck of those current stock market rally, which litical fight, surging from October form. Also, the earnings outlook stock market outlooks have been
risks to corporate earnings and the began a few days into the border 1998 to the March 2000 dot-com has dimmed somewhat amid Fed bullish after the Dow Jones and
economy. wall standoff. But with short-term peak. tightening, trade conflict and a glo- other major averages fell in 2018.
Officially, U.S. tariffs on $200 bil- government funding due to expire bal economic slowdown. Stock They note that the third year of a
lion in Chinese imports are set to Feb. 15, another shutdown is possi- Trump Impeachment prices would be lower without the presidential cycle is typically the
jump from 10% to 25% if theres no ble. Would a Trump impeachment be Trump tax cuts, which reduced the best for a stock market rally, with
deal by March 1. Trump has come In Trumps State of the Union ad- different? average effective tax rate for S&P double-digit percentage gains.
close to saying that the risk of esca- dress Tuesday night, the president Trump, in the State of the Union, 500 companies by roughly one- Yet 2011 was something of an ex-
lation is off the table. This is either claimed a moral duty to build a said ridiculous partisan investiga- third. ception, with a slim 1% rise. The po-
going to be a very big deal, or its border wall with Mexico. I will tions could threaten the economy. litical backdrop shared a few key
going to be a deal that well just get it built, he vowed. Back in August, when stocks Will Dems Win Majority? similarities with today. President
postpone for a little while, he said Trump could declare a national were close to their peak, he said, If Trumps chances for re-election Obamas big 2009 stimulus had
on Jan. 31. emergency to fund the wall, but I ever got impeached, I think the are pretty iffy, said Stephen Gal- faded, and the GOP had seized con-
But the stock market outlook that would face legal challenges market would crash, I think every- lagher, U.S. chief economist at Soci- trol of the House in the midterm
would quickly sour if China talks and congressional opposition. body would be very poor. ete Generale. Yet the Senate elections. Republicans did their
break down and Trump tariffs esca- The president also has hinted Thats a huge exaggeration. Yet would have to swing to Democrat- best to hit the fiscal brakes. They
late vs. Beijing. The Dow Jones fell that he sees the border wall fight as numerous market and economics ic control to imperil his 21% corpo- even precipitated a debt-ceiling
Thursday as White House econom- the undercard to a coming Trump commentators dismissed Trumps rate tax rate. standoff that cost the U.S. its
ic adviser Larry Kudlow said Wash- impeachment battle. boast a little too easily. After all, A weak Trump, softer economy AAA debt rating from Standard
ington and Beijing are still far apart Well, you cant impeach some- business confidence did soar along and a modestly favorable map for & Poors.
on a China trade deal. Trump said body thats doing a great job, with the stock market after Democrats in the 2020 election
he wouldnt meet with President Trump declared on Jan. 4. Thats Trumps election transformed grid- could open the door for unified Fiscal Headwinds
Xi Jinping before March 1, imply- No. 1. Although Trump again ada- lock into unified political control Democratic control of Congress. Democrats arent about to push
ing no China trade deal this month mantly denied any collusion with by the tax-cut-loving GOP. After The PredictIt political betting site for deficit reduction. But House
but also no tariff escalation Russia, that was a secondary de- cracking 18,000 in December 2014, sees a close battle for Senate con- Democrats recent backing of
Trump trade wars already have fense. the Dow Jones went almost no- trol, with roughly 43% odds that PayGo rules suggests theyd de-
contributed to a slowing Chinese Special Counsel Robert Mueller where before Trumps surprise vic- Democrats will win. mand painful trade-offs that would
While a Trump impeachment derail any infrastructure program
and, especially, a Senate conviction or tax cuts.
are unlikely, investors still must Federal spending faces a mini-
guard against the risk that the cliff in October with the start of fis-
Mueller Russia probe report will cal 2020, says Gallagher. Discre-
May further damage the president and tionary spending caps are set to au-
Navy Pier, the GOPs Senate majority.
If the Mueller probe report is es-
tomatically fall by $126 billion. Gal-
lagher doesnt expect much of a
Chicago, IL pecially damaging, Wall Street will
have to start factoring in the risk
spending drop. Yet gridlock partly
explains Societe Generales fore-
that Democrats will be able to re- cast that GDP growth will slip to
peal the Trump tax cuts after the about 1% by year-end. The firm ex-
2020 election. That would have sig- pects a recession in the first half of
nificant implications for future cor- 2020.

TODAYS MARKETS.
porate earnings and the stock mar- As global growth slows, rising po-
ket outlook. litical uncertainty that dampens in-
vestor and business sentiment

TOMORROWS TECHNOLOGY.
Dems 2020 Election Agenda would put more pressure on the
Repealing Trump tax cuts is just U.S. economy and the stock market
one step. Left-wing Democrats led outlook.
by rock-star freshman Rep. Alexan- That would imperil Trump tax
dria Ocasio-Cortez are calling for cuts, which he promised would cre-
70% marginal tax rates on the ate a long-lasting economic boom.
 $ wealthy. Sen. Elizabeth Warren, There were sound policy reasons
D-Mass., a 2020 presidential con- for making the U.S. corporate tax
K tender, just rolled out a wealth tax code more competitive, and wage
plan estimated to raise $2.75 tril- growth has perked up. Yet Demo-
lion over a decade. That would be a crats will have a field day if the
P heavy tax on investors. good economic news begins to slip
 A tussle over tax policy is inevita- away.


Smartphone Makers Face Declining Sales


, The next technology seen driving
SMARTPHONE FROM A5 smartphone upgrades is 5G wire-
while, Chinese manufacturers are less. Fifth-generation cellular net-
making mass-market, value-priced works will enable superfast connec-
HEAR FROM INDUSTRY EXPERTS INCLUDING: devices. tivity and low latency.
As prices climb, consumers are But wireless carriers are still
stretching the lifetimes of their building their networks, so cover-
,{D handsets, he said. Good enough age areas will be limited at first.
is trouncing the latest and great- They also might use the new net-
P{ est in the smartphone market- works to raise service prices,
place. which could turn off consumers.
${ The worlds top smartphone mak- Thats the next tech that will
D{n ers will show off their newest de- drive people to buy a new phone,
signs later this month at MWC Bar- Reith said. But thats not going to
nn{K celona, formerly Mobile World happen until at least the middle of
Congress. The conference runs next year or into 2021.
`pK Feb. 25-28 in Spain. Apple is not planning to add 5G
Folding-screen phones from Sam- wireless capability to its phones
sung and others could make a this year, analysts say. It will wait
splash at the show. These smart- for the network infrastructure to
phones unfurl to become small tab- be built out before diving in. Ana-
lets thanks to flexible OLED dis- lysts expect this years rumored iP-
plays. hone 11 to sport improved front
Such devices are likely to remain and rear cameras and other upgrad-
curiosities until developers come ed components.
Register now! www.terrapinn.com/tradingchicago up with software that takes advan- The iPhone 11 family is seen hav-
tage of the technology and creates ing minor tweaks to the current iP-
compelling use cases, Reith said. hone XS lineup of handsets.

Copyright 2019 Investor's Business Daily Inc.


INVESTOR'S BUSINESS DAILY WEEK OF FEBRUARY 11, 2019 A9
TOP DOWN
OFF THE CHARTS Buyers that RIA firms are likely to sell themselves to Sellers metrics that buyers value most
RIAs Succession Planning Most likely Somewhat likely
Two-thirds of registered investment Total AUM
advisor (RIA) firms that plan to sell or A third party
merge their firms expect to do so within Profitability
Current employees
five years. Buyers value assets under
management (AUM) the most. Sellers think Family members Revenue
buyers value revenue the most.
Source: Franklin Templeton Investments 0 10 20 30 40 50% 0 5 10 15 20 25 30 35 40%

FINANCIAL ADVISOR BRIEFING


How To Help Clients Spend Down To Zero
Challenges arise, but dren went through a divorce. And
theyre more concerned with get-
paying off mortgages, ting money to their heirs.
other debt is first step
The Joy Of Giving
When it comes to a clients adult
BY MOREY STETTNER
children, advisors often suggest a
FOR INVESTORS BUSINESS DAILY
family meeting to discuss the fu-
Some wealthy people joke that ture. While some members of the
their goal in life is to die broke. To next generation may resent the
them, the perfect ending is to lack of an inheritance, others are
spend their last dollar on their last thrilled that their parents intend to
day on earth. Making spend their funds on themselves.
If your client intends to spend conserva- Facilitating such sessions helps ad-
down to zero, your job as their advi- tive assump- visors reduce friction within fami-
sor gets tricky. On the one hand, tions is lies and enhances cross-generation-
you want to honor their wishes and important al communication.
cheer them on. On the other, you as advisors For clients who watched their
must make conservative assump- try to guide own parents undergo a slow, ago-
tions to maximize the odds that clients who nizing death, spending down to
they have the means to spend free- say they zero ties into quality-of-life con-
ly between now and their demise. wish to cerns. Using advanced directives
In an honest moment, advisors spend all of and living wills to stipulate that
may admit that such clients their sav- they do not wish to remain alive if
present an almost impossible chal- ings. incapacitated can free them to live
lenge. Steep end-of-life medical fully while they can.
bills and long-term care costs can Raffer prioritizes paying off mort- wood Village, Colo. Their chil- Why do you want to spend more? Some of my clients saw their par-
stymie the best-laid plans. And in- gages and other debt. At annual re- dren may be well off so they dont Its still their decision how much ents die difficult deaths and dont
creased longevity can result in cen- view meetings, he checks if they re- feel they need to leave an inherit- theyre spending, but the more you want to die that way, said Josh
tenarians leading active lives that main committed to spending down ance. Its not coldhearted; its a feel- educate them about the uncertain- Nelson, a certified financial plan-
threaten to deplete once-cushy sav- to zero and, if so, whether theyre ing theyve waited a long time for ties higher inflation, lower re- ner in Loveland, Colo. They dont
ings. still on track based on current this. turns, health care costs the bet- want to pay for long-term care, and
Most clients dont want to play it spending and future projections. Furthermore, advisors may not ter. they dont have a positive correla-
so close to the vest, said Jeremy necessarily take a clients declara- Shes also aware that clients can tion with old age.
Raffer, an advisor in Paramus, N.J. Hear Their Story tion to die broke at face value. change their mind. About 10 years As an alternative, clients may
You have to have a shock absorber At first blush, it might be tempt- Through gentle questioning, they ago, a couple in their late 50s told want to die with nothing in the
with room for error in the plan. ing to label people as selfish who might uncover deeper needs and Sherwood they wanted to plan a re- bank but donate some of their funds
He adds that some individuals want to spend all their savings on motivations. tirement built around spending toworthy causes along the way.Par-
who dont want to leave a legacy themselves. But advisors know bet- When Tracy Sherwoods clients their nest egg. Fully employed at ticipating in charitable giving can
tend to spend money a little bit ter. express their intent to spend all the time, they anticipated taking prove life-affirming in itself.
more quickly than they probably It can reflect a deep-seated feel- their savings, she digs to find out fancy vacations, renovating their There are a rare few that have
should, traveling often and indulg- ing about how they are looking for- more. home and not leaving money to selfish intentions, but most would
ing their hobbies. Thats fine for ward to enjoying their lives after I think its important to listen to their children. prefer to give away their money
now, but can backfire if they wind years of hard work, particularly if their story, said Sherwood, a certi- Lo and behind, its five or eight during their lifetime so they can ex-
up facing a sustained health de- theyve been in a job that wasnt en- fied financial planner in Williams- years later and the dynamic has perience the joy of seeing others
cline. joyable, said Eric Walters, a certi- ville, N.Y. Ill ask, What is it you changed, she said. Now theyre benefiting from their hard-earned
To accommodate these clients, fied financial planner in Green- want to do with your life? and grandparents. One of their chil- wealth, Nelson said.

Copyright 2019 Investor's Business Daily Inc.


A10 WEEK OF FEBRUARY 11, 2019 INVESTORS.COM

MACROSCOPE
Eli Lilly (LLY) Roche Holding (RHHBY) Acadia Pharmaceuticals (ACAD)
A Prescribed Strategy 130 34 24
22
Big name drugmakers like Eli Lilly and 120 32
110 20
Roche are turning to acquisitions to bolster 30 18
their portfolios as sales peak and drugs come 100
16
out from under patent protect. Biotechs like 90 90 28
96 B 93 14
Acadia are among the many targets. C- 80 26 C+ 13
Jun 18 Sep Dec Mar 19 Jun 18 Sep Dec Mar 19 Jun 18 Sep Dec Mar 19

INDUSTRY SNAPSHOT
BIOTECH DRUGMAKERS

Drugmakers Stock Up On Biotechs


A raft of big-dollar deals is helping haul biotech stocks back after a difficult fourth quarter
out of that drug on their own.
BY ALLISON GATLIN
Loncar is expecting Clovis to be
INVESTORS BUSINESS DAILY
acquired before year-end. Ray-
The world of biotech stocks is brac- mond James Barich says the poten-
ing for more mergers, after Big tial for a takeout has been baked
Pharma leaders Bristol-Myers into Clovis stock price for years.
SquibbBMY, Eli LillyLLY and Glaxo- The best time to acquire biotech
SmithKlineGSK announced deals companies is before a new drug
worth $87.1 billion to acquire bio- gets approval or launches, Barich
tech companies in the last two said.
months. Before youre approved, youre
Analysts are split on just how hot the next great hope, he said. Ev-
the Big Pharma merger fever could eryone thinks you have the next bil-
burn in 2019. But all agree mature lion-dollar drug.
drug franchises such as AbbVieABBV Then the drug launches and
and AmgenAMGN face challenges as doesnt generate the expected reve-
patent protections expire on their nue. Suddenly the market cap
blockbuster drugs. And these phar- drops dramatically, Barich said, so
maceutical companies can no long- its usually best to sell right before
er simply raise drug prices to grow. the launch.
Portfolio manager Brad Loncar
suggests a buying spree targeting Smart, But Not Commercially
biotech stocks could help staunch Its also important to remember
investors concerns regarding the that most drug developers are re-
growth of the Big Pharma compa- searchers and entrepreneurs. They
nies. are less savvy about commercial op-
Theyve had things easy over the erations, he said. These are smart
last five to 10 years growing their people with a plethora of experi-
revenue through artificial things ence in running clinical studies.
like tax inversions and drug price But the DNA of commercial com-
increases, Loncar says. A lot of panies is different, he said.
those methods of making money so Smart, but in a different way.
easily and artificially are starting to Loxo Oncology CEO Joshua Bilenker, left, and Chief Operating Officer Jacob Van Naarden. The drawing on There are very few small compa-
come under pressure. the left is a depiction of the TRK genetic mutation that their first approved cancer drug, Vitrakvi, targets. nies that could successfully market
and sell drugs to blockbuster sta-
Call It A Comeback nouncements from pharmaceuti- Finally, Glaxo tied the bow on its tech stocks. tus.
Meanwhile, biotech companies cal companies Bristol, Lilly and Tesaro acquisition in late January. Its a challenging macro environ- Either you have to switch out
continue to innovate, he said. Ac- Glaxo could have helped lift the The $5.1 billion deal gives Glaxo ac- ment for a lot of these large compa- management teams, partner or sell
quisitions of Loxo OncologyLOXO, group. cess to Tesaros approved ovarian nies, he said. Their internal R&D your company, Barich said.
Tesaro and CelgeneCELG could put Bristol is planning to buy Celgene cancer treatment, Zejula. is not good enough to allow them to Big pharmaceutical companies
others on the table. That could pro- in a $74 billion megamerger expect- Zejula is known as a PARP inhibi- grow. Some companies have are also facing challenges for their
vide the sector some uplift, amid ed to close later this year. Celgene tor and rivals drugs from Clovis missed the boat and they are get- blockbusters. Recently Dow Jones
broad concerns in 2019 regarding recently reported a solid fourth OncologyCLVS and AstraZenecaAZN. ting back into it right now. stock Johnson & JohnsonJNJ said
trade wars, interest rates and the quarter that put it one step closer Theres a common thread in The prices of cancer treatments it expects sales growth to stall or be
macroeconomic environment. to wrapping the deal, RBC Capital these mergers: cancer treatments. as well as rare-disease treat- just 1% in 2019. AbbVies Humira is
Biotech stocks fell sharply during Markets analyst Brian Abrahams Thats because the cancer space is ments are also relatively protect- facing biosimilar competition in
the fourth quarter along with the said in a report. red hot, Loncar told IBD. ed, Mizuho Securities analyst Europe. Several Amgen drugs are
rest of the stock market. But a turn- Also in January, Lilly announced Salim Syed told IBD. Unlike other soon to go off patent.
around looks to be in place. its $8 billion plan to buy Loxo On- Treating The Big C areas of medicine, the prices of on- AbbVie says its not in the market
The Medical-Biomed/Biotech in- cologyLOXO. Loxo gained its first Loncar offers indexes for two bio- cology drugs are actually expected for a big deal. AbbVie spent $21 bil-
dustry group on Thursday ranked drug approval in November. The tech exchange traded funds, fo- to increase, he said. lion in 2015 to acquire Pharmacy-
No. 49 out of 197 groups tracked by treatment, Vitrakvi, targets very cused in immuno-oncology and Raymond James analyst Stu Bar- clics and cancer treatment Imbru-
Investors Business Daily. Biotech specific genetic mutations associat- Chinese biotech stocks. ich notes a number of oncology vica. Chief Executive Richard
stocks have improved from a No. ed with cancer. It belongs to the He calls cancer treatments one of drugs grow market share by seek- Gonzalez said on AbbVies fourth-
79 ranking six weeks ago. An- world of precision medicine. the biggest growth areas for bio- ing additional uses. A key example quarter earnings call that its not
is MercksMRK Keytruda, an immu- looking to do anything of that mag-
no-oncology drug that has Food nitude.
and Drug Administration approv- Amgen Chief Financial Officer
als to treat 11 forms of cancer. David Meline said on the firms re-
Drugs are becoming increasingly cent earnings conference call that
effective, so that, in many differ- the company will invest in internal
ent indications, (patients are) liv- programs. Meanwhile, its also
ing a lot longer than (they) used looking very actively at potential
to, he said in an interview. So if additions to the portfolio through
you find a drug thats effective, you business development, Meline
can charge a lot of money. said.
So who is window-shopping for
Target: Genetic Mutations biotech companies?
There could also be hints into fu- Raymond James Barich says all
ture buyouts among biotech stocks the big pharmaceutical players are
from Loxo and Tesaro, analysts continuously shopping: PfizerPFE,
say. Merck, Lilly, Glaxo, NovartisNVS,
Loxo is working in precision med- RocheRHHBY, AbbVie, Amgen and Al-
icine. Unlike most cancer treat- exion PharmaceuticalsALXN.
ments, Loxos drugs dont target a Mizuhos Syed said, When I talk
specific type of cancer. Instead, to companies, theyre always say-
they target the underlying genetic ing theyre looking at M&A.
mutations that may have caused For Bristol, Celgene was an op-
cancer in some patients. portunistic deal, Syed said. Cel-
Blueprint MedicinesBPMC and De- gene stock lost nearly 39% over the
cipheraDCPH are also working in this course of 2018. Other deals could
area. Leerink analyst Andrew Ber- help pharmaceutical companies
ens sees Blueprint as a likely take- fill holes in their pipelines or
out in the wake of Lillys bid for staunch losses after key drugs go
Loxo. off patent.
Documents filed recently with
the Securities and Exchange Com- Potential Buyouts
mission show Lilly met Loxos Loncar and Mizuhos Syed put
threshold for the deal even with- BiogenBIIB and Amgen in the buy-
out the pressure of other bidders, ers bucket. A potential buyout
Berens said in a note. He sees broad doesnt have to be in cancer, Syed
interest in late clinical-stage or said. Amgen could make a play for
early commercial-stage oncology Medicines Co.MDCO for its cardio-
stories. vascular pipeline. Meanwhile, Bio-
Loxo was engaged with four par- gen could look for central nervous
ties for long-term talks on licensing system plays.
transactions that were not consum- Syed suggested in a January re-
mated, he said. This interest port that Biogen could spend up to
leads us to believe there exists sig- $18 billion in a takeout.
nificant industry interest in target- Potential targets include Sage
ed oncology assets. TherapeuticsSAGE, Alder Biophar-
Another notable player from that maceuticalsALDR, Neurocrine Bio-
field is Clovis. sciencesNBIX, Atara Biotherapeu-
Clovis PARP inhibitor, dubbed ticsATRA and Acadia Pharmaceuti-
Rubraca, competes as an ovarian calsACAD, he said.
cancer treatment against Lynparza Biogen needs to prepare for the
from AstraZeneca and Zejula from possibility that its Alzheimers
Glaxo by way of acquiring Tesa- treatment, aducanumab, could fail,
ro. These pharmaceutical compa- Syed said.
nies will put pressure on Clovis, Syed spoke with IBD the same
Loncar said. day Roche and AC Immu-
Zejula is significantly more valu- neACIUscrapped two tests of an
able in the hands of a company like Alzheimers drug that looked likely
GSK than it is in the hands of Tesa- to fail. Biogen stock toppled.
ro, he said. For Clovis, that prob- It needs to find something else
lem is now worse. Its going up outside of multiple sclerosis and
against two giants. They have little (spinal muscular atrophy treat-
to no chance of getting the most ment) Spinraza, he said.

Copyright 2019 Investor's Business Daily Inc.


INVESTOR'S BUSINESS DAILY WEEK OF FEBRUARY 11, 2019 A 11

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A12 WEEK OF FEBRUARY 11, 2019 INVESTORS.COM

TRACKING TRENDS China equity ETFs, ranked by year-to-date gains as of Feb. 6 and screened for volume
Happy Lunar New Year ETF Symbol YTD 1 mo 3-yr avg 5-yr avg ETF Symbol YTD 1 mo 3-yr avg 5-yr avg
After a tough 2018, China ETFs are bouncing KraneShares CSI China Internet KWEB 17.5% 14.9% 13.9% 7.6% Xtrackers Harvest CSI 300 China A ASHR 10.2% 7.4% 4.7% 7.2%
back. All but one of the funds year-to-date Invesco China Technology CQQQ 14.9 13.6 15.7 7.1 iShares MSCI Hong Kong EWH 9.8 8.7 16.7 8.8
gains are beating the S&P 500. But all the WisdomTree China ex-State-Owd Entpr CXSE 14.3 13.3 20.8 9.6 iShares China Large-Cap FXI 9.7 8.9 15.9 7.3
China ETFs lag the broad market based on iShares MSCI China MCHI 13.2 12.3 18.7 8.6 iShares MSCI Taiwan Capped EWT 5.8 8.3 13.6 7.1
five-year average annual returns. SPDR S&P China GXC 13.2 12.5 18.6 8.6 S&P 500 9.1 8.0 15.6 11.3
KraneShares Bosera MSCI China A KBA 11.1 7.9 3.4
Source: Morningstar Direct

EXCHANGE TRADED FUNDS


IBD ETF LEADERS

Stock Pickers Are Getting Fired Up


As Passive Funds Shed $16 Billion
BY BLOOMBERG NEWS
wager on single equities as macro gists Jill Carey Hall and Savita Sub-
riskreducestheallureofundifferen- ramanian wrote in a Feb. 5 note.
For stock pickers, its the dream tiated allocations via the bench- U.S. equity funds saw outflows of
that will never die: An aging bull mark.U.S.andEuropean ETFswere $700 million in the week through
market prone to violent disloca- stung by $16 billion of redemptions Feb. 6, according to a Bank of Amer-
tions will revive their fortunes as in January even as developed mar- ica note, citing EPFR Global data.
they buy overlooked winners and kets added trillions in value, accord- Sure, rebalancing for tax reasons
snub losers. ingtodata compiledbyBloomberg. may have something to do with it,
Famously, it hasnt gone to plan On the flip side: Investors on and as the maxim goes, flows fol-
over the years as the passive revolu- Bank of AmericasBAC platform low performance explaining
tion marches on. But the underbel- this year have bought about $4.8 some of the withdrawals from
ly of equity markets is flashing billion in shares of individual com- large-cap ETFs last month after
more bullish signals for the be- panies, excluding buybacks, while the December meltdown.
REIT ETFs are extending their new-year rallies, topping buy points. sieged industry. selling some $5.3 billion of ETFs Deutsche BankDB, for one, expects
More shares are marching to across the board. this trend to reverse thanks to en-

REIT Funds Climb Past Buy Points their own beat and relative valua-
tions are looking stretched giv-
ing investors across Europe and
Clients continued to buy single
stocks and sell ETFs, which has
been the case for the last four con-
couraging U.S. data. And the rota-
tion is just a drop in the ocean com-
pared to the decadelong prefer-
the U.S. fresh opportunities to beat secutive weeks, the firms strate- ence for ETFs over single stocks.
BY JUAN CARLOS ARANCIBIA
the index. Even the red-hot ETF
INVESTORS BUSINESS DAILY
market is seeing rare outflows of
Real estate investment trusts often behave as defensive stock plays, but
theyve been moving with the broad market, helping those assets be-
late, as more money managers
flock to single stocks. Inside ETFs 2019 Conference Kicks Off
come some of the best ETFs. And as late-cycle volatility flares
Seven exchange traded funds in this months ETF Leaders screen are up, bidding up benchmarks looks vestor, how to launch an ETF, and
BY NANCY GONDO
REITs, or real estate funds. All seven are forming V-shaped recoveries perilous vs. more-dynamic strate- global ETF expansion strategies.
INVESTORS BUSINESS DAILY
that mirror the general market indexes. Not only that, but the REIT gies that hedge risk-on, risk-off Ric Edelman, chairman of finan-
ETFs are at or near new highs way better than major market indexes markets, the theory goes. This years Inside ETFs confer- cial education and client experi-
that are 7% to 10% off prior highs. It all helps to explain why in a wa- ence, which runs from Sunday ence at Edelman Financial En-
Clearly, these funds are not playing the role of defensive assets. Nor- tershed year when U.S. passive through Wednesday, features a di- gines, was on tap to deliver a key-
mally, REITs gain favor in weak markets because investors can use funds are projected to manage half verse lineup that includes former note speech on how to build a plan-
their big dividends to make up for losses of capital. Yet REITs came of all assets, the likes of Fidelity In- Democratic and Republican Na- ning practice for the 21st century.
down sharply during the bear market of late 2018. The seven ETFs, ternational, Goldman Sachs tional Committees Chairs Donna Also Sunday, Brazile and Steele,
however, fell 14% to 16% from their 2018 peaks, so they did fare relative- Asset ManagementGS and Beren- Brazile and Michael Steele, respec- the former DNC and RNC chairs,
ly better than the whole market. berg are in fighting spirits. tively, as well as legendary NFL were slated to offer an in-depth
While the ETFs are near buy points, the fast decline and rebound that The market environment is real- quarterback Joe Montana. analysis of the American political
their charts have traced is not ideal. Such fast recoveries set up the ly changing, said Mark Phelps, They will be just a few of the near- landscape with the Inside ETFs
possibility that shares will pull back to digest larger-than-normal gains. chief investment officer of global ly 200 speakers at this years confer- keynote address: Beyond Trump
Theres also the risk of a selling spree now that investors who bought at concentrated equities at Alliance- ence, called Changing Times. Solu- Nation the Future of Politics.
previous highs can break even on their investments. Bernstein in London. Quantita- tions Defined. More than 2,300 at- Speakers on Monday and Tues-
One factor influencing REIT performance is interest rates. REIT tive easing meant buying beta and tendees including ETF issuers, day include The Big Short author
dividend yields compete against bond yields. With the benchmark the best way to access it was via asset managers and financial advi- Michael Lewis and Yale University
10-year Treasury yield trending lower since November, REIT divi- ETFs, no question. But now were sors are expected to gather in professor Robert Shiller. Also Tues-
dends become more attractive. looking at alpha, and now is the Hollywood, Fla. day, former San Francisco 49ers
The longer-term outlook for the industry is not dependent entirely on time to find active funds. The conference was scheduled to quarterback Montana will address
interest rates, and is mixed. Theres evidence investors are mi- kick off Sunday, with session topics what hes learned about teamwork
U.S. REITs seem to lack a catalyst for outsized returns, given that grating out of passive vehicles to such as: how to be a better bond in- and delivering under pressure.
commercial property prices, net operating income and occupancy
appear to have peaked, Wells Fargo Investment Institute noted in a
report. The flip side to the U.S. economy (and REITs) having been
more resilient is that they likely lack the same bounce-back return
potential should the global macro overhangs get resolved. Exchange Traded Funds
Schwab U.S. REITSCHH is just above the 43.41 buy point. SPDR Dow
Jones REIT ETFRWR is above a 96.96 buy point. IShares Cohen & Steers 19% R Acc 52-wk Div Close Vol%
Chg S Dis High Fund Symbol Yld PriceChgChg
REITICF is in buy range of a 106.24 buy point. Fidelity MSCI Real Estate
Index ETFFREL is above the 24.97 entry. Vanguard Real Estate ETFVNQ has For Friday, February 8, 2019. Ranked by Relative Strength
IBDS ETF Market Strategy
climbed above the 83.41 buy point. IShares U.S. Real Estate ETFIYR is
above an 83.09 buy point. IShares Global REITREET is above a 25.76 entry. U.S. Stock/Broad Index OVERVIEW
8.0 80 C 50.6 InvescoS&P500Low Volatility SPLV 2.0 50.39 0.23 -44
IBDs Market Pulse feature has a long history of
7.0 78 B 57.7 IS MSCI USA Min Volty USMV 2.0 56.07 0.23 -47
recognizing shifts in market direction early on to
ETF Leaders Index 13.5 77 B 137.7 IS Russll MdCp Grwth IWP 0.9 129.09 0.55 -51
-10.6 75 A 49.9 ProS Short Russ 2000 RWM 1.0 41.75 -0.05 -55 help investors maximize gains in uptrends and
1000
12.6 74 B 144.0 VG Mid-Cap Growth VOT 0.7 134.80 0.68 -42 protect their portfolios in downtrends. Now weve
ETF Leaders
Index vs. S&P 500 total return 7.9 71 B- 42.4 Inv S&P 500 Hi Div SPHD 4.1 41.23 0.02 -40 developed a simple method for trading market Market Direction
800 5.7 71 D+ 93.1 IS Core HiDiv HDV 3.5 89.21 0.31 -75 index ETFs based on the market direction posted Confirmed uptrend
7.8 70 B 32.2 FrstTr Value Line Div FVD 2.3 31.36 0.04 21 daily in the Market Pulse. % Invested: 100%
7.2 70 C 100.1 SPDR S&P Dividend SDY 2.5 95.98 0.01 -59
600 7.1 66 C- 112.6 VG Div Appr VIG 1.9 104.94 0.11 -43
9.6 65 C 157.3 IS Russell 1000 Grwth IWF 1.2 143.48 0.31 -60 HOW IT WORKS
13.7 63 B- 31.8 FrstTr DorWri Focus 5 FV 0.1 28.71 0.11 -45
400 6.8 62 D- 54.3 Schwab Divd Eqty SCHD 2.8 50.18 0.00 -58 Invest in a market index ETF (QQQ was used in the study) immediately
S&P 500 9.4 62 C 82.7 Schwab US LC Growth SCHG 1.2 75.44 0.07 -18 after a new uptrend is announced in Market Pulse and employ these
12.5 62 C+ 58.8 Schwab US Mid Cap SCHM 1.4 53.91 0.09 -17 simple allocation rules:
200 9.3 61 D 187.5 Inv QQQ QQQ 0.8 168.56 0.33 -48
10.4 61 C- 108.9 Inv S&P 500 Eql Wght RSP 1.8 100.93 0.19 -48 Market direction % invested
100 12.0 61 D- 56.2 IS Russell MdCp Indx IWR 1.7 52.04 0.13 -52 Confirmed uptrend 100%
7.9 61 C+ 178.6 IS S&P 500 Grwth IVW 1.2 162.56 0.57 -26 Uptrend under pressure 50%
05 06 07 08 09 10 11 12 13 14 15 16 17 18 -7.4 61 B- 33.6 ProS Short S&P 500 SH 1.1 29.02 -0.03 -54 Market in correction 0%
9.8 61 C 162.4 VG Growth VUG 1.2 147.52 0.39 -55
The IBD ETF Leaders index shows the performance of a model portfo- 11.6 61 C+ 167.2 VG Mid-Cap VO 1.6 154.24 0.40 -71 Optional stop loss: Nasdaq falls 2.6% below
lio of exchange traded funds that are leading the overall market. A com- 7.8 60 D- 269.3 SPDR Dow Jones DIA 2.1 251.32 -0.58 -46 closing value of uptrends first day 0%
puter algorithm selects the ETFs based on relative strength and other 5.2 57 C+ 30.3 FrstTr Mstar Div Ldrs FDL 3.8 28.65 0.10 131
objective performance ratings, with periodic adjustments for market 10.9 57 C 62.4 Inv BuyBack Achievrs PKW 1.2 57.84 0.00 -82
trends and conditions. The universe from which the ETFs are selected 9.8 57 C- 60.2 Inv DWA Momentum PDP 0.2 53.23 0.15 -66 HOW IT PERFORMS
8.5 57 C- 18.4 Inv HiYld EqDiv Achv PEY 4.0 17.18 0.03 -70
includes the funds listed below. The true value of the strategy is that it lets you lower your risk by sitting out
11.1 57 B 22.8 Inv Zacks Multi-Asset CVY 4.0 21.36 -0.12 25
-7.2 57 C- 66.0 ProS Short Dow 30 DOG 0.9 56.93 0.13 -52 market corrections, including major bear markets. Since 2005, IBDs ETF
-8.6 57 B 37.2 ProS Short QQQ PSQ 1.0 31.44 -0.07 -35 Market Strategy produced an estimated cumulative return of:
ETF Leaders 8.9
8.5
57 D
57 C-
71.4
70.5
Schwab US Broad Mkt SCHB
Schwab US Large Cap SCHX
1.9
2.0
65.28
64.76
0.07 -52
0.07 -68 400
IBDs ETF Market Strategy
vs. the market Nasdaq
Week 8.2 57 C 270.7 VG S&P 500 VOO 1.9 248.65 0.32 -49
Cumulative return
221%
7.1 56 E 102.5 IS DJ Select Divdnd DVY 3.3 95.65 0.18 -63 350
RS Prices Oct. 20, 2005-Dec. 31, 2018
8.6 56 B- 164.1 IS Russell 1000 Idx IWB 1.9 150.66 0.21 -67
ETF Symbol Category Rating % Chg 8.8 56 C- 174.7 IS Russell 3000 Idx IWV 1.8 159.90 0.16 -73
300
iShares North American Tech-Software IGV Sector Equity 87 2.62 8.2 56 C 296.7 IS S&P 500 Index IVV 2.0 272.13 0.30 -56 250 IBDs ETF Market Strategy
First Trust Technology AlphaDEX FXL Sector Equity 86 2.59 8.2 56 C 293.9 SPDR S&P 500 SPY 1.9 270.47 0.33 -39 134%
Schwab US REIT SCHH Sector Equity 84 1.95 12.7 56 B+ 125.4 VG Extd Market VXF 1.5 112.47 0.13 2 200
SPDR Dow Jones REIT RWR Sector Equity 82 1.89 8.3 56 D+ 135.4 VG Large-Cap VV 1.9 124.43 0.16 -66 150 S&P 500
iShares Cohen & Steers REIT ICF Sector Equity 86 1.81 13.0 56 D 166.0 VG Small-Cap VB 1.5 149.12 0.26 -56 113%
Vanguard Extended Duration Treasury EDV Taxable Bond 82 1.78 8.9 56 D 151.8 VG Total Stock Mkt VTI 1.9 138.97 0.14 -63 100
Fidelity MSCI Real Estate FREL Sector Equity 83 1.57 10.3 53 B 63.3 FrstTr LC Core Alph FEX 1.2 57.49 0.11 -31
Vanguard REIT VNQ Sector Equity 82 1.50 6.4 53 E 89.5 VG Hi Dividend Yld VYM 3.2 83.00 0.08 -68
50
Invesco DWA Utilities Momentum PUI Sector Equity 87 1.41 7.7 52 D+ 129.8 IS Russell 1000 Val IWD 2.5 119.58 0.02 -75 06 07 08 09 10 11 12 13 14 15 16 17 18
iShares US Real Estate IYR Sector Equity 84 1.39 10.9 52 D- 92.5 IS Russell MdCp Val IWS 2.3 84.64 0.02 -61
iShares Global REIT REET Sector Equity 81 1.19 For complete details on IBDs ETF Market Strategy, go to:
7.1 52 D 131.3 IS S&P 100 Index OEF 1.9 119.40 -0.03 -59
iShares 20+ Year Treasury Bond TLT Taxable Bond 79 1.15 8.5 52 B- 118.8 IS S&P 500 Value IVE 2.5 109.71 -0.14 -64 Investors.com/ETFStrategy
Vanguard Long-Term Government Bond VGLT Taxable Bond 80 1.13 11.5 52 C+ 205.5 IS S&P MdCp 400 IJH 1.5 185.19 -0.14 -44
iShares 10-20 Year Treasury Bond TLH Taxable Bond 80 .68 11.5 52 D- 374.1 SPDR S&P MC 400 MDY 1.2 337.41 -0.25 -44
SPDR Nuveen Barclays Municipal Bond
Invesco Build America Bond
TFI
BAB
Municipal Bond
Taxable Bond
75
75
.56
.54
6.9
12.8
52 D
49 D-
113.5
78.3
VG Value
Schwab US Small Cap
VTV
SCHA
2.6
1.4
104.68
68.46
-0.06 -57
0.12 -55
1-Week Winners & Losers
iShares 7-10 Year Treasury Bond IEF Taxable Bond 77 .49 10.6 49 D- 116.3 VG Mid-Cap Value VOE 2.5 105.31 -0.01 -52 TOP 10 BOTTOM 10
VanEck Vectors Intermediate Muni ITM Municipal Bond 75 .46 12.3 48 E 220.8 IS Russell 2000 Grwth IWO 0.7 188.68 0.61 -44
SPDR Barclays Intermediate Term Trs ITE Taxable Bond 75 .40 12.0 48 C 143.5 VG Small-Cap Value VBR 2.1 127.73 -0.26 -64 RS 1-wk RS 1-wk
Vanguard Intermediate-Term Govt Bd VGIT Taxable Bond 75 .38 14.5 46 B 38.8 Innovator IBD 50 FFTY .. 31.62 0.42 -55 ETF Symbol Rtg % chg ETF Symbol Rtg % chg
iShares Core US Treasury Bond GOVT Taxable Bond 75 .36 11.9 45 D 173.4 IS Russell 2000 Idx IWM 1.2 149.85 0.16 -53
iShares Core US Aggregate Bond AGG Taxable Bond 70 .35 11.4 45 D- 137.8 IS Russell 2000 Val IWN 1.8 119.80 -0.25 -85 FrstTr Tech Alphdx FXL 86 2.6 FrstTr ISE Rev NatGas FCG 13 -8.2
Schwab Intermediate-Term US Trs SCHR Taxable Bond 75 .34 10.8 45 C+ 90.6 IS S&P SmCp 600 IJR 1.4 76.82 -0.04 -57 Util Sel Sec SDPR XLU 82 2.1 SPDR S&P O&G Expl XOP 13 -7.6
iShares 3-7 Year Treasury Bond IEI Taxable Bond 74 .31 11.2 42 D+ 21.4 GX SuperDividend SDIV 8.3 19.02 0.00 -60 IS US Utilities IDU 82 2.0 FrstTr Energy Alphdx FXN 17 -6.0
Vanguard Total Bond Market BND Taxable Bond 70 .31 10.5 39 E 11.4 Alerian MLP AMLP 8.4 9.65 -0.05 -36
Schwab US REIT SCHH 84 2.0 IS MSCI Brazil EWZ 87 -5.1
Vanguard Intermediate-Term Bond BIV Taxable Bond 75 .30 11.0 38 D+ 12.9 Inv Listed Priv Eq PSP 9.4 11.11 -0.04 -28
iShares Interm Government/Credit Bd GVI Taxable Bond 70 .29 Leveraged SPDR Technology XLK 56 2.0 United States NatGas UNG 33 -4.8
Vanguard Mortgage-Backed Securities VMBS Taxable Bond 71 .25 -29.6 75 A+ 18.7 DX SC Bear 3X Shrs TZA 0.8 10.71 -0.03 -46 VG Info Tech VGT 70 2.0 United States Oil LP USO 20 -4.7
iShares MSCI Philippines EPHE International Equity 86 .23 -20.7 75 B 23.6 ProS UltSht Russ 2000 TWM 0.9 16.36 -0.02 -43 SPDR DJ Wil REIT RWR 82 1.9 HT Oil Service OIH 9 -4.2
iShares MBS MBB Taxable Bond 70 .22 -29.6 71 A- 48.5 ProS UltP Shrt R 2000 SRTY 1.0 27.84 -0.04 -32 VG Utilities VPU 82 1.9 IS MSCI So Africa EZA 38 -4.1
Vanguard Short-Term Bond BSV Taxable Bond 70 .20 -14.7 57 B+ 49.5 ProS UltSht S&P 500 SDS 1.5 36.61 -0.06 -23
SPDR Nuveen Barclays ST Muni Bd SHM Municipal Bond 70 .15 15.2 49 D- 51.2 ProS Ultra Dow 30 DDM 0.8 43.57 -0.20 -15 IS Cohen&Steers ICF 86 1.8 Inv DB Oil DBO 23 -3.9
Guggenheim Solar TAN Sector Equity 77 .09 16.1 45 E 130.0 ProS Ultra S&P 500 SSO 0.6 107.81 0.22 -37 IS MSCI Hong Kong EWH 81 1.8 IS S&P Latin Am 40 ILF 70 -3.8

Copyright 2019 Investor's Business Daily Inc.


INVESTOR'S BUSINESS DAILY EXCHANGE TRADED FUNDS WEEK OF FEBRUARY 11, 2019 A13
19% R Acc 52-wk Div Close Vol% 19% R Acc 52-wk Div Close Vol%
Chg S Dis High Fund Symbol Yld PriceChgChg Chg S Dis High Fund Symbol Yld PriceChgChg
Exchange Traded Funds continued from previous page 9.1 46 C 28.4 EGShrs EM Consmr ECON 0.9 22.22 -0.19 -61
6.4 45 D- 67.6 WT Europe Hdg Eq HEDJ 2.9 60.07 -0.13 -11
-14.2 45 B 41.2 ProS UltSht Dow 30 DXD 1.3 30.36 0.13 -56
March 11 - 12, 2019
2.7 44 C 36.6 IS MSCI Malaysia EWM 3.7 30.57 -0.16 56
-21.6 42 B 38.5 DX Bear 3X Shrs SPXS 0.7 24.13 -0.09 -18 7.9 44 B 54.6 IS MSCI Mexico EWW 2.1 44.43 -0.57 -8
-21.7 42 B 57.9 ProS UltPro Sht SP500 SPXU 1.8 36.42 -0.14 62
The Ritz-Carlton
5.6 44 C- 28.0 IS MSCI Singapore EWS 4.0 23.33 0.01 -26
18.1 41 C+ 102.5 ProS Ultra QQQ QLD .. 79.34 0.25 -26 7.6 43 B- 32.4 WT Europe Hdg SC EUSC 2.4 28.43 -0.23 -24
-17.3 38 B- 56.8 ProS UltSht QQQ QID 1.7 39.31 -0.13 -18
Westchester
6.9 42 C- 34.4 IS DJ Intl Selct Divnd IDV 5.5 30.68 -0.09 -65
23.5 36 C- 115.2 ProS UltPro Dow30 UDOW 0.6 88.07 -0.67 -32 6.3 42 E 51.5 IS MSCI ACWI Ex US ACWX 2.5 44.59 -0.17 -37
-21.0 33 B 24.2 ProS UltP Shrt Dow 30 SDOW 1.5 15.17 0.14 -47
White Plains, NY
6.3 42 D 56.4 VG Fts Wrd X-US VEU 3.1 48.44 -0.17 -66
24.5 31 D- 59.0 ProS UltPro S&P 500 UPRO 0.5 43.30 0.16 -49 6.2 42 D 58.6 VG Total Intl Stk VXUS 3.0 50.16 -0.19 -58
24.4 29 C- 56.0 DX LC Bull 3X Shrs SPXL 0.8 40.94 0.12 -38 5.0 42 C 20.5 VV Vietnam VNM 0.8 15.49 0.09 -40
24.3 28 C 89.2 ProS Ultra Russ 2000 UWM 0.3 64.82 0.08 2 7.9 41 B- 23.5 IS MSCI Australia EWA 5.6 20.78 -0.04 -30
27.5 25 D- 73.4 ProS UltPro QQQ TQQQ .. 47.23 0.24 -26 8.4 41 B- 33.1 IS MSCI Netherlands EWN 2.2 28.52 -0.15 -45
-25.8 23 C+ 23.3 ProS UltPro Shrt QQQ SQQQ 1.9 12.43 -0.07 -20 8.4 39 B+ 23.1 FrstTr DorWr Intl Foc 5 IFV 1.7 18.88 -0.15 16
37.7 17 E 97.1 DX SC Bull 3X Shrs TNA 0.3 57.95 0.13 -48 6.2 39 D- 45.8 VG MSCI Eafe VEA 3.1 39.40 -0.14 -66
Sector/Industry
THE #1 MEETING PLACE FOR
-4.6 39 C+ 27.9 WT India Earn EPI 1.2 23.67 -0.44 80
9.4 88 B 20.8 Sprott Gold Miners SGDM 0.4 19.13 0.34 -85 5.5 38 D+ 72.1 IS MSCI Eafe Idx EFA 3.2 62.02 -0.20 -52
16.9 86 B+ 64.8 FrstTr Tech Alphdx FXL 0.2 61.44 0.88 -53 7.5 38 C 75.5 IS MSCI So Africa EZA 3.5 54.23 -0.54 22

THE FIXED INCOME ELITE


11.8 86 B 107.0 IS Cohen&Steers ICF 2.9 107.00 0.13 25 4.1 38 D- 35.1 IS MSCI Sweden EWD 5.0 29.41 0.02 -46
7.0 86 B 34.4 VV Jr Gold Mine GDXJ 0.4 32.33 0.76 -12 3.8 38 C 38.9 IS MSCI Taiwan EWT 3.0 32.82 -0.27 -45
5.9 85 B 23.3 VV Gold Miners GDX 0.4 22.34 0.31 -4 8.0 38 B- 37.4 IS MSCI Untd Kingdm EWU 4.6 31.69 -0.02 -32
12.8 84 B- 24.4 FrstTr S&P REIT Indx FRI 2.8 24.39 -0.04 -82 5.4 38 C 75.1 VG MSCI Pacifc VPL 2.9 63.91 -0.38 -36
12.2 84 B 84.2 IS DJ US Real Est IYR 3.1 84.12 0.02 -52 8.6 36 B+ 32.9 Dxt CSI 300 ASHR 1.1 23.81 -0.14 -4
12.8 84 C- 43.5 Schwab US REIT SCHH 3.2 43.43 0.00 -28 5.6 36 D- 68.0 IS Core MSCI EAFE IEFA 3.3 58.08 -0.18 -58
14.0 83 B- 40.7 PureFnds ISE CybSec HACK 0.1 38.43 0.09 -36 6.1 36 D 34.8 Schwab Intl Equity SCHF 2.9 30.07 -0.11 -6
5.2 82 B 144.7 IS US Utilities IDU 2.7 141.25 0.74 -51 5.5 35 D- 48.4 IS S&P Europe 350 IEV 3.2 41.28 -0.15 -50
12.7 82 A- 98.1 SPDR DJ Wil REIT RWR 3.7 96.95 -0.08 -69 5.7 35 D 60.5 VG MSCI Europn VGK 3.7 51.37 -0.19 -48
5.2 82 B 57.2 Util Sel Sec SDPR XLU 3.2 55.68 0.24 -31 4.8 33 D+ 56.7 IS MSCI EAFE Value EFV 4.3 47.38 -0.23 -76
12.8 82 B 84.5 VG REIT VNQ 4.2 84.12 0.00 -27 3.9 33 D+ 33.3 WT Germany Hdg DXGE 3.8 27.51 -0.26 167
5.4 82 B- 127.1 VG Utilities VPU 3.1 124.15 0.68 -53 4.7 32 C+ 33.1 IS MSCI France EWQ 2.7 27.76 -0.14 -43
10.6 80 C- 49.5 SPDR DJ Glbl Real Est RWO 3.5 48.97 -0.04 -52 4.0 32 D+ 62.5 IS MSCI Japan EWJ 1.6 52.73 -0.47 -21
14.9 79 C 147.7 FrstTr DJ Internet FDN .. 134.03 0.87 -4 4.4 32 D+ 42.1 SPDR Euro Stoxx 50 FEZ 3.3 34.72 -0.14 19
3.7 31 B- 29.1 Dxt MSCI Germny Hdg DBGR 2.7 24.17 -0.20 -21

Sell Side, ETF


3.1 77 B 29.1 FirstTrustUtilitiesAlphaDEX FXU 2.3 27.62 0.14 -63
22.6 77 A- 27.1 Inv Solar TAN 0.5 22.74 -0.16 -41 4.4 31 B+ 45.2 Dxt MSCI Japan Hedg DBJP 3.7 37.88 -0.36 -84
6.2 31 D+ 67.0 IS MSCI Eafe Sml Cp SCZ 2.6 55.02 -0.37 -57
4.0 74 D- 96.1 SPDR Health Care XLV 1.5 89.94 0.17 -46
6.5 30 B 22.4 IS MSCI Belgium EWK 2.6 17.41 -0.22 -74

Providers
5.1 74 B 181.9 VG Health Care VHT 1.3 168.83 0.27 -39
4.8 30 D- 45.2 IS MSCI Emu Indx EZU 3.3 36.74 -0.23 -71
9.2 71 D 45.8 IS FTSE Nareit Mort REM 9.1 43.63 0.00 -3
5.7 30 C 34.3 IS MSCI Italy EWI 4.5 25.59 -0.12 -63
13.3 70 B+ 159.8 FrstTr NYSEArc Biotch FBT .. 140.76 -0.20 -54
3.4 30 D- 34.0 IS MSCI Spain EWP 3.5 27.74 -0.14 -78
12.8 70 B- 198.8 IS Phlx Sox Smcdct SOXX 1.2 176.95 -0.31 -17

get R your


-0.1 27 C- 26.3 Innovator IBD ETF Ldrs LDRS 0.4 21.36 0.09 -87
4.6 70 B 204.8 IS US Healthcare IYH 1.9 189.21 0.19 -82
6.0 26 D- 72.9 WT Euro SC Div DFE 4.7 56.56 -0.40 -79
10.9 70 C- 204.4 VG Info Tech VGT 1.2 185.07 1.19 -54
5.0 26 D+ 58.9 WT Jpn Hedged DXJ 2.8 48.69 -0.65 -55
9.0 67 D- 24.6 FirstTr NAm EngyInf EMLP 4.3 23.38 -0.03 -41
ticket when you use
2.2 23 C 33.5 IS MSCI Germany EWG 3.2 25.91 -0.26 38
8.6 67 B- 38.9 FrstTr Nasdq TechDiv TDIV 2.7 36.02 0.11 -46
5.9 18 D+ 11.0 GX FTSE Greece 20 GREK 2.2 7.31 0.12 -66
11.0 65 C 197.0 IS DJ US Tech Indx IYW 0.8 177.46 0.90 -50
Leveraged
code: FIEM19IBD
8.5 62 C- 62.2 VG Glbl X-US Real Est VNQI 4.3 56.87 0.09 -75
38.9 92 B 61.0 DX Brazil Bull 3X BRZU 0.7 34.68 0.08 9
6.3 61 C- 30.2 IS DJ US Telecom IYZ 3.0 28.02 0.38 -70
34.0 75 B+ 73.4 DX Russia Bull 3X RUSL 3.0 39.95 -0.53 -32
11.8 61 D- 123.0 IS Nasdaq Biotech IBB 0.3 107.80 0.67 4
-21.6 36 B- 73.3 DX Emg Mkt Bear 3X EDZ 0.9 46.84 0.89 62
8.2 61 D- 118.1 SPDR Cnsmr Discrtnry XLY 1.2 107.13 -0.43 -53
5.9 61 C- 57.0 SPDR Consmr Stpls XLP 2.9 53.79 0.25 -48
23.1
25.5
33 B-
31 B+
146.6
42.2
DX Emg Mkt Bull 3X
DX FTSE China Bul 3X
EDC
YINN
0.6
0.8
77.28
21.82
-1.52
0.00
78
-34
*Discount is only
8.9
13.4
61 B
61 C-
41.1
80.4
SPDR DJ Wil Intl RE
SPDR Industrial
RWX
XLI
4.8
1.9
38.47
73.07
-0.04
0.11
25
-3
-23.3 27 C 79.4 DX FTSE China Bear 3X YANG 0.7 51.15 0.12 51 available to Sell Side,
ETF Providers
-27.2 13 D 24.5 DX Russia Bear 3X RUSS 0.9 14.90 0.27 -39
13.3 61 B- 114.5 VV Semicndctr SMH 1.6 98.85 -0.27 -22
11.1 57 A- 44.1 FrstTr CnsmrDisc Alph FXD 1.0 40.95 0.05 -45 Bond/Income
8.0 57 C- 85.3 FrstTr Health Cre Alph FXH .. 74.39 -0.11 -66 0.7 79 B+ 123.9 IS Brcly 20+ Yr Trsy TLT 2.6 122.35 0.52 -43
13.8 57 B- 43.5 SPDR S&P Homebldrs XHB 1.1 37.01 0.05 -57 0.4 77 B+ 105.3 IS Brcly 7-10 Yr Trs IEF 2.3 104.61 0.14 -58
9.7 56 D 76.3 SPDR Technology XLK 1.5 67.99 0.39 -50 0.9 75 B 25.0 IS Core US Trsy GOVT 2.0 24.88 0.03 -73
11.8 53 C- 33.0 FrstTr Financial Alpha FXO 2.3 30.19 -0.06 -55 0.9 75 B- 48.5 SPDR NV Brcly Muni TFI 2.2 48.54 0.08 -38
9.3 52 D+ 126.4 IS DJ US Finl Indx IYF 1.7 116.27 -0.33 -71 1.3 75 C+ 82.7 VG Intrmed-Term Bd BIV 2.9 82.38 0.12 -57
4.6 49 D 74.3 Inv Dyn Phara PJP 1.1 65.24 0.42 -53 0.9 75 A- 47.9 VV Intmd Muni ITM 2.3 47.90 0.04 -24
11.0 48 D+ 209.4 IS DJ Transprtn Idx IYT 1.2 183.21 -0.26 -47 0.3 74 A- 122.3 IS Brcly 3-7 Yr Trsy IEI 2.0 121.75 0.09 -51

www.EmergingMarketsEvent.com
7.6 46 E 35.5 Flx Glb Upstr NatRes GUNR 3.0 31.51 -0.15 -46 0.9 72 B+ 48.1 SPDR DL Totl Rtn Tact TOTL 3.4 47.78 0.05 -38
12.1 45 B 42.0 IS DJ US Home Const ITB 0.6 33.67 -0.19 -49 1.0 71 A- 104.5 Pimco TotlRtn Active BOND 3.5 103.78 -0.01 16
15.2 45 D+ 101.5 SPDR S&P Biotech XBI 0.2 82.68 0.69 -52 0.9 71 A- 51.2 Schwab US Aggr Bnd SCHZ 2.8 51.07 0.08 51
5.2 42 D- 49.2 FrstTr ConsmrSpl Alph FXG 2.2 44.40 0.05 -54 2.5 71 B 85.8 VG Intmd Corp Bond VCIT 3.5 84.90 0.11 -37
8.0 39 D+ 25.8 UBS Etrc Alrn MLP Infr MLPI 7.5 21.36 -0.11 -51 3.9 71 A- 92.7 VG LngTrm Corp Bond VCLT 4.4 88.53 0.49 -50
8.9 38 D+ 74.6 VG Financials VFH 2.1 64.66 -0.34 -63 0.5 71 A- 51.9 VG Mrtg Backed Sec VMBS 2.8 51.77 0.05 -37
7.1 36 E 53.0 SPDR S&P Retail XRT 1.4 43.92 -0.27 -28 1.2 71 C 79.0 VG St Corp Bond VCSH 2.7 78.85 0.06 -53
7.8 35 D- 29.8 SPDR Financial XLF 1.9 25.67 -0.13 -23 3.6 70 B- 29.0 Inv Emrg Mkt Sovgn PCY 4.8 27.36 -0.09 2
16.3 35 C+ 52.0 SPDR KBW Bank KBE 1.9 43.43 -0.36 -14 0.8 70 B+ 107.5 IS Brcly Agg Bd Fd AGG 2.7 107.34 0.24 -40
4.3 35 D- 61.7 SPDR Materials XLB 2.1 52.70 -0.05 -54 2.7 70 B 54.0 IS Brcly Intmd CrpBnd IGIB 3.4 53.82 0.04 -54
15.7 33 D- 66.0 SPDR KBW Regnl Bnk KRE 1.9 54.15 -0.53 -20 0.5 70 B- 105.5 IS Brcly MBS Fixed MBB 2.7 105.17 0.07 -7
9.7 32 B 39.5 IS S&P Glb Energy IXC 3.2 32.20 -0.14 -65 3.1 70 B 118.8 IS Iboxx $ Invgrdcp LQD 3.6 116.35 0.29 -46
9.5 31 C+ 29.9 JPMorgan Alerian ETN AMJ 7.6 24.45 -0.11 -48 0.4 70 C+ 109.5 IS S&P Natl Muni MUB 2.5 109.50 0.12 -69
10.4 26 D 38.3 IS S&P NAm Nat Res IGE 2.4 30.02 -0.17 -62 0.5 70 B 48.3 SPDR Nuv Brcly ST Bn SHM 1.2 48.29 -0.03 -70
9.7 26 E 79.4 SPDR Energy XLE 3.2 62.94 -0.29 -45 0.4 70 B- 79.1 VG Short-Term Bond BSV 2.0 78.90 0.06 -45
13.4 26 B- 38.8 SPDR S&P Metal&Mng XME 2.0 29.71 -0.15 -21 0.9 70 C+ 80.1 VG Total Bond Mkt BND 2.8 79.92 0.12 -53
9.9 25 E 22.2 Fidelity MSCI Enrgy FENY 3.6 17.17 -0.08 -62 1.2 67 A 55.3 VG Totl Intl Bond BNDX 3.0 54.89 0.06 97
9.9 25 D- 109.8 VG Energy VDE 3.0 84.76 -0.40 -47 4.4 66 B+ 18.8 Inv High Yld Corp PHB 4.2 18.44 -0.02 -56
9.8 24 E 43.8 IS DJ US Energy Idx IYE 2.9 34.20 -0.16 -37 1.1 66 C+ 52.3 IS Brcly 1-3 Yr Cr IGSB 2.5 52.19 0.06 -48
4.4 21 E 24.6 IS MSCI Europe Fncl EUFN 6.2 17.70 -0.11 -36 0.1 66 D- 110.6 IS Brcly Shrt Trsy SHV 1.7 110.42 0.02 -61
7.9 17 E 18.2 FrstTr Energy Alphdx FXN 1.3 12.42 -0.13 -67 3.6 66 B- 114.2 IS JPM USD Emg Mkts EMB 5.6 107.70 -0.48 -17
7.1 13 D- 24.4 FrstTr ISE Rev NatGas FCG 1.3 15.74 -0.19 -38 0.0 66 E 91.6 SPDR Brcly 1-3MoTbill BIL 1.8 91.50 0.02 -77

The journey toward


6.9 13 C+ 45.5 SPDR S&P O&G Expl XOP 0.9 28.36 -0.44 -5 0.7 66 B 29.7 SPDR Brcly Intl Treas BWX 1.1 27.79 0.00 -59
0.7 66 C- 30.4 SPDR Brcly St Crd Bnd SPSB 2.4 30.34 0.01 -6
21.4 11 B- 19.2 SPDR S&P O&G Equip XES 0.9 10.94 -0.12 -66
0.1 65 D 83.8 IS Brcly 1-3 Yr Trsy SHY 1.8 83.71 0.03 -49
17.5 9 D+ 29.9 HT Oil Service OIH 1.8 16.49 -0.26 -38
1.1 65 D 113.2 IS Brcly TIPS TIP 2.7 110.76 0.05 -43

investing success begins


Leveraged 0.2 63 D 60.1 FrstTr Enh Shrt Matur FTSM 2.2 59.96 -0.01 -36
-26.4 93 B 82.5 DX Energy Bear 3X ERY 0.8 47.81 0.67 -35 0.7 62 C 51.1 IS Fltng Rate Bond FLOT 2.5 50.73 0.02 -67
-18.1 92 A- 58.5 ProS UltSht Oil & Gas DUG 0.3 41.14 0.40 -41 3.6 62 D- 100.9 Pimco 0-5Yr HiYld Crp HYS 4.8 98.54 -0.06 -62
16.2 91 A- 29.3 DX Gld Mnr Bull 2X NUGT 0.5 20.34 0.84 -16 0.3 62 B+ 101.7 Pimco Enhn ShrtMat MINT 2.4 101.28 0.01 -45

with great advice.


18.1 91 B+ 16.4 DX JrGldMnrs Bul 3X JNUG .. 10.88 0.68 -12 0.6 62 C+ 49.2 VG Shrt Trm Infl-Protc VTIP 2.4 48.21 0.02 -57
-24.0 57 A- 17.0 DX Finl Bear 3X FAZ 0.7 10.31 0.06 -33 0.8 62 B 63.1 VV Hi Yield Muni HYD 4.4 61.53 0.13 -52
23.8 39 E 70.8 ProS Ult Ndsq Biotech BIB .. 52.10 0.68 -38 3.8 61 B+ 18.8 Inv Financial Prfd PGF 5.5 18.02 0.04 -83
-21.0 39 C 27.6 ProS UltSht Nsdq Biot BIS 0.4 18.25 -0.23 -49 5.4 61 D+ 14.8 Inv Preferred PGX 5.7 14.20 0.06 -60
29.3 25 D- 78.3 DX Finl Bull 3X FAS 1.1 57.87 -0.37 -44 4.5 61 B- 86.7 IS Iboxx Hi Yd C Bd HYG 5.3 84.79 -0.02 -39
-20.8 18 D- 37.3 ProS UltSht Real Est SRS 0.6 24.44 0.00 -50 4.9 61 B- 36.4 SPDR Brcly HiYld Bnd JNK 5.6 35.23 0.00 -25
19.6 12 D+ 47.4 ProS Ultra Oil & Gas DIG 1.9 27.91 -0.25 -49 7.6 58 B+ 19.0 MultAsset Div Income MDIV 6.1 18.11 0.00 -52
-36.3 9C 17.4 DX Semicon Bear 3X SOXS 1.2 8.40 0.03 1 3.4 58 B+ 27.6 SPDR Brcly St HY Bnd SJNK 5.5 26.91 0.00 -50
29.5 7 D+ 43.9 DX Energy Bull 3X ERX 2.4 19.62 -0.30 -31 8.8 57 B 55.0 SPDR Brcly Conv Sec CWB 5.6 50.90 0.13 8
-17.5 7E 48.8 DX GldMnrs Bear 3X DUST 0.4 18.85 -0.88 10 3.4 53 E 12.1 GX SuperDiv Preferd SPFF 7.2 11.40 -0.01 -37
-21.3 7E 95.1 DX JrGldMnrs Br 3X JDST 0.7 39.54 -2.92 31 3.6 53 B 23.2 Inv Senior Loan BKLN 4.4 22.57 -0.01 -28
18.3 2 D- 27.8 DX NatGas Bull 3X GASL .. 6.07 -0.24 -30 2.7 53 B- 30.9 IQ Hdg MultStrat Trckr QAI .. 29.66 -0.01 -65
Global 4.1 53 C 38.1 IS S&P US Pfd Stk PFF 6.0 35.65 0.07 -55
12.7 87 B 47.2 IS MSCI Brazil EWZ 2.6 43.07 0.02 13 -0.6 42 C 24.4 ProS Short 20+ Yr Trs TBF 0.9 22.25 -0.11 -67
8.4 86 B 30.3 IS MSCI Indonesia EIDO 1.8 26.90 -0.30 52 Leveraged
9.7 86 B+ 38.6 IS MSCI Philippines EPHE 0.4 34.96 -0.12 149 2.1 91 D+ 20.5 DX 20+ Treas Bull 3X TMF 1.4 19.78 0.27 -20
10.1 81 B- 26.7 IS MSCI Hong Kong EWH 2.7 24.85 0.31 -36 20.7 81 C+ 16.1 UBS Etrc 2X MortREIT MORL 20.9 14.65 -0.08 -48
11.6 75 B- 39.2 IS MSCI Russia Cap ERUS 4.2 34.38 -0.08 -37 -1.6 29 D- 41.7 ProS UltSht 20+ Yr TBT 1.0 34.57 -0.31 -59
5.3 71 B+ 88.2 IS MSCI ACWI MinVol ACWV 2.2 85.59 0.17 -39 -2.4 19 D 23.7 DX 20+ Treas Bear 3X TMV 0.6 17.80 -0.23 -34
14.2 71 B 45.6 IS MSCI Turkey Inve TUR 3.5 28.07 0.21 -55 Commodity/Currency
10.2 70 B 39.2 IS S&P Latin Am 40 ILF 2.8 33.96 -0.09 -33 2.4 79 B- 13.1 IS Gold Trust IAU .. 12.59 0.04 -41
5.1 67 B 63.2 IS MSCI EM Min Vol EEMV 2.3 58.72 -0.19 -53 2.4 79 B+ 129.5 SPDR Gold Trust GLD .. 124.21 0.47 -54
8.1 66 B- 49.3 WT Emg Mk Hi Yld DEM 4.1 43.42 -0.24 -75 1.1 77 C- 26.1 Inv DB US$ Bullish UUP 1.0 25.72 0.03 -69
-1.6 62 B 37.9 IS India 50 INDY 0.6 34.74 -0.42 -51 2.1 77 B+ 16.4 IS Silver Trust SLV .. 14.83 0.06 -41
3.7
7.9
62 B
61 B
39.5
24.7
VV Emrg Mkt Bnd
Inv FTSE RAFI EM
EMLC
PXH
6.3
3.0
34.23
21.33
-0.06 -45
-0.12 -65
7.7 58 A- 28.0 IS Curr Hdg MSCI EM HEEM 2.2 24.81 -0.15 -93 Weve seen firsthand how great advice can help investors reach their goals, and every year
15.9 50 D- 59.9 ProS Short VIX ST Fut SVXY .. 49.01 0.26 -15
8.8 61 B- 16.5 Inv Intl Div Achvr PID 3.5 15.38 -0.09 -67 -1.3 49 B- 120.4 Currencyshrs Euro FXE .. 108.09 -0.20 -68 the Morningstar Investment Conference creates a community dedicated to investor success.
8.6 61 B- 103.7 IS MSCI Thailand In THD 2.4 89.91 -1.23 142 -27.0 49 B 46.8 ProS VIX ST Futures VIXY .. 28.17 -0.34 7
10.7 61 B 24.3 VV Russia RSX 4.6 20.76 -0.11 -36 6.4 43 E 30.8 IS Curr Hdg MSCI EAFE HEFA 3.2 27.45 -0.07 -74 Join us in Chicago this year for three days of investing insights and hear from keynote
2.3 57 C- 28.4 IS MSCI Poland EPOL 1.4 23.57 -0.20 -39
-7.5 57 B+ 21.8 ProS Short MSCI Emrg EUM 0.9 18.86 0.10 -65
6.4
5.7
43 D+
42 C
31.6
6.0
IS CurrHdg MSCI EMU
Elmnts Rogr Intl Cmd
HEZU
RJI
3.3
..
27.60
5.17
-0.12 -60
0.00 -12 speakers including PIMCO CEO Emmanuel Roman, Franklin Templeton CIO Sonal Desai,
8.5
8.6
56 B
56 C
50.4
48.8
IS Ftse China 25
IS MSCI Pac Ex-Japn
FXI
EPP
2.5
4.6
42.42
44.18
0.01 -32
0.18 -45
-0.6
5.6
42 D+
42 B+
19.7
19.9
Inv DB Agriculture
Inv DB Base Metals
DBA
DBB
1.1
1.5
16.83
16.25
-0.12 7
-0.11 -20
venture capitalist Morgan Housel, and presidential historian Doris Kearns Goodwin.
7.6 54 D- 32.1 Dxt MSCI SKorea Hdg DBKO 2.9 27.40 -0.80 -85 4.9 42 E 25.8 IP DJ-UBS Cmmd ETN DJP .. 22.26 -0.02 -7
-2.1
9.1
54 B-
54 B-
36.3
33.0
IS MSCI India
WT Intl Hedg Div
INDA
IHDG
0.9
0.7
32.64
30.35
-0.58 -27
-0.05 20
6.9
4.3
35 D
33 D
18.6
34.7
Inv DB Commdty Idx
IS Curr Hdg MSCI Japn
DBC
HEWJ
1.2
1.3
15.49
29.30
0.02 46
-0.26 -15
9LVLWJRPRUQLQJVWDUFRP,%'RUFDOOWROHDUQPRUH
9.5 53 B 30.5 FrstTr Emrg Mkt Alph FEM 3.2 24.99 -0.12 9 -5.8 33 C 39.9 United States NatGas UNG .. 23.27 0.32 -38 5HJLVWHUZLWKSURPRFRGH,%'WRVDYH
7.5 53 C- 60.4 IS Core MSCI EM IEMG 2.6 50.70 -0.27 -49 3.8 31 C+ 29.8 IS CurrHdg MSCI Germ HEWG 2.7 24.66 -0.21 -69
11.7 53 B 73.1 IS MCSI China MCHI 1.4 58.77 0.06 -14 7.9 30 C+ 18.8 IS S&P GSCI Cmd ETN GSG .. 15.13 0.04 -53
7.4 53 B 80.3 IS MSCI Asia Ex Jpn AAXJ 1.9 68.24 -0.25 -50 14.6 29 C 24.4 US Brent Oil BNO .. 17.57 0.12 -38
11.2 53 B 56.1 IS MSCI Chile Index ECH 2.1 46.03 -0.72 -57 15.2 23 D+ 14.2 Inv DB Oil DBO 1.3 9.76 0.01 444 #MICUS
4.2 53 C- 75.0 IS MSCI EAFE Min Vol EFAV 3.2 69.43 0.08 -22 14.7 20 C 16.2 United States Oil LP USO .. 11.08 0.01 -57
7.6 53 C 30.1 Schwab Emerg Mkt SCHE 2.5 25.31 -0.12 27 Leveraged
5.8 53 B- 41.5 SPDR S&P Intl Div DWX 4.8 36.98 0.06 -42 -26.2 90 C- 33.2 ProS UltSht Crude Oil SCO .. 21.62 -0.06 -62 0RUQLQJVWDU,QF$OOULJKWVUHVHUYHG7KH0RUQLQJVWDUQDPHDQGORJRDUHWUDGHPDUNVRI0RUQLQJVWDU,QF
12.5 52 B- 29.6 IS MSCI Canada EWC 2.3 26.95 -0.06 -45 3.1 86 C+ 25.1 ProS UltSht Euro EUO .. 25.00 0.11 -71
7.9 52 B 50.2 IS MSCI Emrg Mkts EEM 2.1 42.16 -0.24 -33 4.8 80 A- 118.0 VS 3X Long Silver ETN USLV .. 77.63 0.96 -45
5.4 52 D 36.1 IS MSCI Switzerland EWL 2.4 33.22 0.08 -66 3.6 78 A- 34.9 ProS Ultra Silver AGQ .. 27.31 0.31 -48
7.6 52 C- 49.1 VG MSCI Em Mkt VWO 2.7 40.98 -0.16 -47 -4.3 39 E 6.8 DB Gold DS ETN DZZ .. 5.55 -0.02 -55
-2.4 49 B 26.8 Inv India PIN 1.0 23.60 -0.42 -68 -38.8 25 A- 147.5 ProS Ult VIX ShrtTrm UVXY .. 50.00 -0.93 -3
7.6 49 D 75.0 IS MSCI ACWI ACWI 2.1 69.03 -0.02 -41 -47.5 17 A 143.7 VS 2X VIX ShrtTrm ETN TVIX .. 37.21 -0.86 12
7.6 49 D+ 77.0 VG Total World Stock VT 2.3 70.44 -0.13 -37 29.2 8E 39.4 ProS Ultra Crude Oil UCO .. 17.18 0.04 -40
6.5 48 B 76.8 IS MSCI South Korea EWY 1.3 62.67 -0.79 -35 -20.8 7E 73.7 ProS Ult Bloom Natgs BOIL .. 20.45 0.59 -39

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6.4 46 B- 33.0 Dxt MSCI EAFE Hedg DBEF 3.0 29.68 -0.07 -34 -1.7 2 D- 658.4 VS 3X Invr NatGas ETN DGAZ .. 116.26 -5.27 -71
6.6 46 C+ 29.8 Dxt MSCI Eurp Hedg DBEU 3.3 26.84 -0.07 -68 -28.9 2E 260.2 VS 3X Lng NatGas ETN UGAZ .. 28.68 1.20 13 Our Senior Product Coaches will
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Copyright 2019 Investor's Business Daily Inc.


A14 WEEK OF FEBRUARY 11, 2019 STOCK OPTIONS INVESTORS.COM

Index Options Comprehensive volume and prices for Friday, February 8, 2019.
Investors Business Daily shows options in a time-saving alphabetical Stock
Closing prices may vary due to after hours settlements/trading. list, with expiration month in the first column. Closing prices are as
P Strike Last Last Last P Strike Last Last Last P Strike Last Last Last
C Price Vol. Price Vol. Price Vol. Price C Price Vol. Price Vol. Price Vol. Price C Price Vol. Price Vol. Price Vol. Price
of 4 p.m. Eastern and do not reflect after-hours settlements/trading.
Options Leaders
Feb Mar Feb Mar Feb Mar
DJ Inds Close 251.05 Apr p1470 350 15 18 18 .... .... p2635
2 51 181 3 70 215 25 50 .... .... 20 Most Active Index Options
p200 .... .... 20 0 13 .... .... p1480 269 3 70
.... .... .... .... p2640 339 3 15 30 28 40 .... .... Index Optn Optn
p217 .... .... 20 0 26 .... .... c1480 17 30 70
.... .... .... .... p2645 .... .... 79 27 51 .... .... Price Price Chg. Vol
p229 .... .... 20 0 55 .... .... c1490 46 22 70
.... .... .... .... c2650 1.0k 56 25 245 78 13 169101 07
p234 59 0 02 .... .... .... .... c1495 57 17 95
.... .... .... .... p2650 7.2k 4 40 8.4k 26 .... .... SPX500 Feb 2450 Put 2707.87 0.15 0.35 13493
p243 60 0 51 1 2 50 .... .... c1500 121 99 34 50 .... .... p2655
15 90 433 5 32 337 31 80 .... .... SPX500 Feb 2700 Call 2707.87 21.74 1.26 13183
p245 303 0 47 60 2 86 .... .... p1500 168 123 27 50 .... .... c2660
9 60 26 45 45 .... .... .... .... SPX500 Mar 2600 Put 2707.87 17.60 2.08 8982
c247 400 3 50 .... .... .... .... c1510 185 8 50
.... .... .... .... p2660 984 5 20 164 29 29 .... .... SPX500 Mar 2650 Put 2707.87 26.00 3.73 8415
p247 40 0 93 3 3 76 .... .... c1520 226 16 23 18 .... .... p2665
5 35 316 6 15 .... .... .... .... SPX500 Mar 2690 Put 2707.87 37.87 8.32 8293
p248 109 0 89 .... .... .... .... p1530 27 25 08
.... .... .... .... c2670 70 44 65 5 64 .... .... SPX500 Mar 2690 Call 2707.87 54.60 + 4.80 8142
c249 16 2 70 42 4 71 .... .... c1530 428 2 55
.... .... .... .... p2670 378 6 60 59 34 38 .... .... SPX500 Feb 2700 Put 2707.87 15.10 3.30 7583
p249 27 1 25 3 4 71 .... .... c1540 363 24 14 25 .... .... c2675
1 09 1.3k 35 50 242 58 70 12 84 40 SPX500 Feb 2650 Put 2707.87 4.40 2.80 7280
c250 21 2 13 26 4 14 .... .... c1545 90 0 75
.... .... .... .... p2675 5.5k 8 80 1.2k 33 33 .... .... SPX500 Mar 2450 Put 2707.87 5.45 1.33 7053
p250 132 1 47 .... .... .... .... c1550 264 32 10 80 .... .... p2680
0 48 690 11 32 742 35 .... .... SPX500 Feb 2600 Put 2707.87 1.80 1.00 5897
c253 21 0 51 .... .... .... .... c1560 .... ....67 7 95 .... .... c2680 89 31 04 397 50 .... .... SPX500 Feb 2675 Put 2707.87 8.80 1.81 5509
c255 25 0 22 10 2 15 .... .... c1570 91 67 5 75 .... .... c2685
0 10 2.2k 27 40 3.0k 54 20 .... .... SPX500 Feb 2575 Put 2707.87 1.05 0.90 5022
c270 .... .... 61 0 04 .... .... c1580 .... ....23 4 07 .... .... p2685 1.2k 9 95 .... .... .... .... SPX500 Apr 2700 Call 2707.87 70.00 1.10 4974
c280 .... .... 50 0 06 .... .... c1600 6 97 1 80 .... .... c2690
0 09 769 27 70 8.1k 54 60 .... .... SPX500 Feb 2760 Call 2707.87 1.28 0.62 4918
c285 .... .... 50 0 05 .... .... SP100 Close 1190.15 Apr p2690 1.0k 11 30 8.2k 37 87 .... ....
38 0 05 .... .... .... .... c2695 22 70 4.6k 51 10 .... .... SPX500 Mar 2695 Call 2707.87 51.10 + 4.60 4688
c290 .... .... 50 0 04 .... .... p960 05
637
SPX500 Feb 2750 Call 2707.87 1.85 1.49 4254
c295 .... .... 130 0 04 .... .... p970 53 0 .... .... .... .... p2700 7.5k 15 10 1 169 .... ....
126 3 60 .... .... .... .... c2700 21 74 600188 70 4.9k 70 SPX500 Feb 2625 Put 2707.87 2.80 1.80 4158
Nasd100 Close 6913.12 Apr c1200 13k
SPX500 Mar 2500 Put 2707.87 7.90 1.35 3937
p5500 18 0 30 .... .... .... .... SPX500 Close 2707.87 Apr c2705 944 17 .... .... .... ....
.... .... 190 5 12 .... .... p2705 20 20 .... .... 9 68 SPX500 Feb 2500 Put 2707.87 0.30 0.55 3538
p5700 14 0 55 21 6 60 .... .... p2430 558
SPX500 Mar 2575 Put 2707.87 15.30 2.55 3511
p5800 6 0 52 19 10 73 .... .... p2430 .... .... 190 5 12 .... .... c2710 1.5k 16 329 42 75 .... ....
42 16 70 .... .... p2440 4 0 29 54 5 .... .... p2710 49 22 70 12 49 95 .... ....
p6000 9 1 19 p2445 1.5k 0 20 4 5 25 .... .... p2715 169 22 .... .... .... ....
p6200 16 1 07 61 28 45 .... .... p2450 13k 0 15 7.0k 5 45 31 15 c2715 298 10 61 6 39 23 .... .... 20 Most Active Stock Options
p6275 26 5 86 2 36 37 .... .... p2455 90 0 70 .... .... .... .... c2720 455 9 20 203 33 70 .... ....
p6300 162 1 70 2 38 82 .... .... p2460 Stock Optn Optn
34 0 35 56 7 58 .... .... c2725 3.2k 9 1.9k 34 10 .... .... Price Price Chg. Vol
p6375 25 6 36 1 36 50 .... .... p2465 43 0 75 .... .... .... .... p2725 79 31 95 21 56 90 .... ....
p6470 50 7 .... .... .... .... p2470 14 0 25 85 6 73 .... .... c2730 997 7 20 3.5k 31 40 .... .... Lilly Mar 150 Put 119.60 31.25 1.85 57379
p6600 20 8 80 10 80 90 .... .... p2475 1.4k 0 30 56 7 15 .... .... p2730 4 34 64 31 58 35 .... .... Lilly Mar 150 Call 119.60 0.04 0.06 54886
p6650 26 7 10 20 72 50 .... .... p2480 57 0 25 174 7 .... .... c2735 321 5 65 554 25 40 2 48 70 Vale SA Jun 15 Call 11.39 0.18 + 0.05 40287
c6775 .... .... 34 246 08 .... .... p2490 839 0 30 2 7 55 16 19 70 c2740 344 4 41 348 27 10 42 45 86 WellsFrgo Mar 55 Call 47.65 0.04 + 0.02 39146
p6800 19 25 72 3118 65 2180 52 c2500 40 208 20 2317 20 2209 90 c2745 101 3 30 52 22 60 12 38 97 SPDR Feb 275 Call 270.47 0.30 0.05 36024
p6850 23 56 90 .... .... 3 220 p2500 3.5k 0 30 3.9k 7 90 1.4k 20 70 c2750 4.2k 1 85 1.4k 21 885 40 82 SPDR Feb 260 Put 270.47 0.18 0.13 34597
c6850 44 89 21 2168 29 .... .... p2505 617 0 67 90 8 70 .... .... p2750 4 52 80 30 69 98 .... .... SPDR Feb 270 Call 270.47 2.20 0.04 28150
p6900 .... .... 27 152 45 .... .... p2515 26 0 55 11 9 75 .... .... p2755 .... .... .... .... 62 89 85 PwNasd100 Feb 165 Put 168.56 0.55 0.26 26579
c6900 .... .... 25 161 75 .... .... p2520 48 0 60 1.5k 9 85 .... .... c2755 126 1 75 216 17 83 .... .... SPDR Feb 265 Put 270.47 0.53 0.21 26018
c6975 3 23 50 35 122 .... .... p2525 1.8k 0 55 214 9 20 89 23 50 c2760 4.9k 1 28 241 18 40 .... ....
c7000 34 19 60 2103 10 .... .... p2530 EleArt Mar 115 Call 97.60 1.11 + 0.98 25389
31 0 45 1.5k 10 49 .... .... c2765 93 0 96 68 15 15 .... .... PwNasd100 Mar 170 Call 168.56 3.15 0.12 24931
c7050 24 9 51 81 10 .... .... p2540 24 0 55 11 10 45 .... .... c2770 645 0 45 614 12 90 .... ....
c7125 4 2 85 50 53 60 .... .... p2545 P Strike Last Last Last P Strike Last Last Last P Strike Last Last Last Apple Feb 210 Put 170.41 40.00 0.20 21512
1.4k 0 57 3 11 81 .... .... c2775 1.7k 0 35 1.7k 13 60 15 30 50 C Price Vol. Price Vol. Price Vol. Price C Price Vol. Price Vol. Price Vol. Price C Price Vol. Price Vol. Price Vol. Price Apple Feb 215 Put 170.41 45.00 + 1.56 21502
c7300 4 0 40 23 18 .... .... p2550 703 0 60 1.5k 12 316 27 10 p2775 1.4k 75 49 12208 10 .... ....
Rus2000 Close 1506.39 Apr p2555 Feb Mar Feb Mar Feb Mar SP Fncl Mar 25 Put 25.67 0.34 + 0.06 20547
31 1 05 3 14 15 .... .... c2780 190 0 31 36 11 20 8 27 30 JD.com Jun 30 Call 23.99 0.78 0.05 20528
p1070 .... .... 30 0 41 .... .... p2560 536 0 63 27 12 50 .... .... c2790 7 0 15 28 9 50 18 22 60 GnMills Close 43.95 Apr p42 8.4k 0 285 0 87 7 1 56
29 64
c160 7.0k 1 642 4 no tr 30

p1230 3 0 05 71 1 35 .... .... p2565 14 0 73 2.5k 12 80 .... .... c2795 182 0 15 24 7 95 .... .... c45 238 0 22 4.3k 0 75 90 1 29 p43 205 0 81 10k 1 34 no tr p220 no tr 14k 72 35 no tr EleArt Mar 100 Call 97.60 4.45 + 4.05 18698
p1290 103 0 10 30 2 31 .... .... p2570 556 1 25 674 14 25 .... .... c2800 1.1k 0 10 400 134 715 22 75 c47 50
no tr 4.0k 0 20 54 0 56 c43 7.2k 0 20 10k 0 80 no tr p225 no tr 9.0k 77 30 no tr Apple Feb 170 Call 170.41 2.41 0.17 17745
p1300 40 0 10 4 2 25 .... .... c2575 .... .... .... .... 20 158 17 c2805 13 0 10 18 6 05 .... .... GoldmnS Close 191.67 Apr c43 50 12k 0 09 107 0 61 no tr p230 no tr 7.0k 82 40 no tr Gen El Feb 10 Call 9.81 0.15 0.11 17406
p1310 .... .... 50 2 20 .... .... p2575 5.0k 1 05 3.5k 15 30 1.0k 30 75 c2810 2.0k 0 10 488 5 80 5 16 83 p190 2.2k 1 80 224 5 25 418 7 61 c44 68 0 05 26k 0 45 20 1 09 p240 no tr 4.0k 92 15 no tr Gen El Mar 10 Call 9.81 0.44 0.06 16019
p1330 .... .... 21 2 82 .... .... p2580 241 1 15 693 15 90 .... .... c2815 2 0 10 107 4 50 3 17 30 Groupon Close 3.60 Apr c44 50 28 0 03 10k 0 35 no tr p265 no tr 5.6k 117 15 no iShsChi25 Mar 45 Call 42.42 0.22 0.04 15697
p1350 5 0 14 37 3 61 .... .... p2585 4 1 99 273 18 40 .... .... c2820 20 0 05 231 4 40 8 15 40 c3 50 552 0 31 2.0k 0 34 8 0 42 c45 67 0 01 15k 0 22 4 0 77 tr
p1360
p1370
p1380
....
....
5
....
....
0 34
28 4 05 .... .... p2590
18 4 51 .... .... p2595
17 5 24 .... .... c2600
36 1 35 8 15 75 .... .... c2825
56 1 50 251 17 55 .... .... c2830
104 101 24 59117 62 100132 60 c2835
7
....
....
0 05 2.1k 3 90 30 13 85
.... 105 3 40 10 13 60
.... 21 3 10 .... ....
Immunomd
p10
Close 14.04 May
no tr no tr 2.0k 0 60
15
p12 2.0k 0 no tr no tr
c47 50
c47
iShsIndia
no tr no tr 4.0k 0 27
no tr 5.3k 0 03 no tr
Close 32.64 Jun
NY CmtyB Close 11.98 Apr
c10 4.0k 2 no tr 10 1 90
PayPal Close 91.87 Apr
Indexes
p1390 10 0 20 354 5 96 .... .... p2600 5.8k 1 80 8.9k 17 60 .... .... c2840 .... .... .... .... 20 11 25 ImunoGn Close 5.67 Apr p30 no tr 2 0 23 4.0k 0 90 p85 65 0 10 2.5k 0 81 6 1 71
p1400 249 0 35 54 6 74 .... .... c2605 Total Total Call Put
51 89 10 21112 90 .... .... c2845 .... .... 145 2 35 66 10 60 p4 no tr 850 0 50 2.0k 1 10 JD.com Close 23.99 Jun c100 50 0 02 2.8k 0 47 19 1 35
p1410 9 0 40 25 7 80 .... .... c2610 791 83 63 8109 90 .... .... c2850 91 0 05 3.4k 2 10 100 10 55 c7 no tr 34 0 90 3.0k 1 75 c24 2.0k 0 59 4.2k 1 52 2.6k 2 81 Petrobrs Close 15.69 Apr Call Put Open Open
p1420 56 0 54 76 9 .... .... p2610 176 1 55 39 19 45 .... .... c2855 .... .... 8 1 70 2.2k 9 60 Intel Close 48.84 Apr p24 608 0 58 4.6k 1 50 22 2 59 p14 2 0 03 1.9k 0 23 26 0 50 Index Vol. Vol. Interest Interest
p1430 457 0 65 42 10 10 .... .... p2615 135 2 35 41 22 50 .... .... c2860 1 0 05 21 1 49 21 7 85 p48 2.5k 0 36 615 1 06 56 1 65 c25 2.3k 0 22 1.6k 1 08 844 2 32 Pfizer Close 42.23 Jun
p1440 465 0 70 70 11 83 .... .... p2620 535 2 20 115 21 85 .... .... c2870 1.2k 0 05 .... .... 2 6 65 p49 2.1k 0 77 121 1 56 175 2 11 c30 no tr 486 0 13 20k 0 78 p43 99
31 0 3.0k 1 no tr 39 SPX500 92,022 130,958 1,260,657 1,547,087
p1445 441 0 99 .... .... .... .... c2620 1 81 20101 70 .... .... c2875 110 0 02 17 1 05 61 6 85 c50 3.2k 0 22 5.5k 0 93 1.3k 1 60 c50 no tr 2.4k 0 01 no tr c43 2.2k 0 11 6.3k 0 56 33 1 50 Rus2000 2,420 5,248 32,463 66,181
p1450 599 1 12 48 13 77 .... .... p2625 4.1k 2 80 373 21 20 1.2k 41 15 c2895 .... .... 27 0 70 .... .... c52 50 690 0 02 1.9k 0 29 494 0 71 JPMorgCh Close 101.36 Jun PG&E Cp Close 14.20 Jun Nasd100 629 867 13,762 14,851
p1455 491 1 38 .... .... .... .... c2630 51 65 12 .... .... .... .... c2900 9 0 05 385 0 60 83 4 07 iSh EAFE Close 62.02 Jun p100 2.0k 0 60 819 1 96 1 10 20 p10 10k 0 04 192 0 20 40 1 05
p1460 293 1 90 .... .... .... .... p2630 572 3 40 813 24 40 .... .... c2950 .... .... 40 0 25 22 1 75 p60 3.0k 0 06 40 0 40 no tr c105 1.6k 0 2.0k 1 10 13 7 80
07 10
p12 519 0 2.0k 0 1 1 40 72
Total Total Call Put
p61 3.4k 0 48 0 68 no tr
19
c115 1 0 01 5.9k 0 06 239 0 70 p13 728 0 20 5.4k 0 70 8 2 25 Call Put Open Open
c62 326 0 44 3.0k 1 26 89 2 07 Keycp Close 16.97 Jun p15 5.4k 1 05 62 1 61 80 3 20 Index
Option Totals p67
p68
no tr 20k 5 05 no tr
no tr 18k 6 05 31 6 90
c18
Lilly
no tr 9.1k 0 23 40 0 57
Close 119.60 Apr
c20
PlaytexPr
10 0 05 39 0 10 6.5k 1 10
Close 00.00 Apr DJ Inds
Vol.
961
Vol.
950
Interest
6,223
Interest
10,192
p70 no tr 2.5k 8 05 no tr c125 29 0 10 5.9k 0 85 2.9k 1 54 c17 50 2.4k 2 15 no tr no tr SP100 126 117 161 367
21
P Strike Last Last Last P Strike Last Last Last P Strike Last Last Last iSh20 TB Close 122.35 Jun p130 no tr 3.3k 11 26 no tr c20 3.0k 1 no tr no tr
C Price Vol. Price Vol. Price Vol. Price C Price Vol. Price Vol. Price Vol. Price C Price Vol. Price Vol. Price Vol. Price p121 6.0k 0 12 309 0 72 no tr p150 no tr 57k 31 25 no tr PortolaPh Close 28.54 Jun P Strike Last Last Last P Strike Last Last Last
c122 8.6k 0 81 177 1 47 18 2 95 c150 no tr 54k 0 04 no tr c30 630 0 50 2.9k 2 35 80 4 60 C Price Vol. Price Vol. Price Vol. Price C Price Vol. Price Vol. Price Vol. Price
Feb Mar Feb Mar Feb Mar
c123 2.0k 0 35 2.0k 1 04 17 2 42 MetLife Close 42.71 Jun PrShUlQQQ Close 11.69 Jun Feb Mar Feb Mar
21stCFoxA Close 49.68 Apr p48 no tr 5.2k 0 70 no tr CVS Health Close 65.01 May c125 2.6k 0 07 984 0 45 60 1 73 c45 49 0 03 10k 0 35 170 1 30 c13 3.9k 0 20 634 0 72 73 1 65 c124 3.9k 0 70 638 1 59 36 3 70 SynchrnyF Close 29.94 Jun
p48 2.7k 0 no tr 500 0 55
04 c50 no tr 3.1k 1 40 31 2 38 c65 888 0 2.1k 2 44 116 3 65
83
iShBrazil Close 43.07 Jun MGM Mir Close 28.97 Jun PwNasd100 Close 168.56 Jun c125 538 0 29 7.2k 1 12 47 3 25 c31 no tr 7.9k 0 50 no tr
05
p49 5.0k 0 08 1.9k 0 37 no tr BcoBrad Close 11.89 Jun p68 2.0k 3 no tr no tr p40 1.3k 0 09 8.5k 0 58 23 2 38 c30 4.6k 0 48 3 0 83 16 1 89 p75 no tr no tr 2.0k 0 02 SPDR Close 270.47 Jun TeslaMotr Close 305.80 Jun
ActivsnBlz Close 43.41 May c12 2.8k 0 25 no tr no tr DeutschBk Close 8.19 Apr p41 7.0k 0 18 72 0 81 1 2 45 MicronT Close 00.00 Apr p141 529 0 02 5.0k 0 19 16 1 62 p226 83 0 01 2.0k 0 32 no tr p295 2.2k 3 15 95 13 04 2 33 50
c46 3.5k 1 09 no tr no tr c13 no tr 2.4k 0 17 no tr p9 no tr no tr 2.0k 1 08 c42 2.3k 1 40 66 2 32 131 4 p33 3.1k 0 09 1.1k 0 59 8 1 60 p144 1 0 01 23k 0 26 no tr p230 653 0 01 13k 0 26 2 8 35 65
p300 2.7k 4 3.6k 15 56 69
AK Steel Close 2.92 Jun Bk of Am Close 28.29 May Disney Close 111.51 Apr p42 2.0k 0 39 9.6k 1 13 3 2 85 p36 2.5k 0 31 897 1 27 386 2 30 p150 1.1k 0 04 2.7k 0 45 3 8 44 p235 2.8k 0 01 253 8 30 1 9 85 c305 2.6k 7 39 1.8k 18 26 17 40 15
c3 9.5k 0 07 951 0 20 1.2k 0 42 p27 3.7k 0 06 899 0 42 39 0 95 c115 3.5k 0 07 2.8k 0 90 6.6k 2 35 c43 50 16k 0 60 54 1 43 18 3 08 c37 2.9k 2 04 277 3 19 218 4 49 p156 853 0 07 5.2k 0 89 24 3 64 p240 2.9k 0 02 74 9 20 10 10 50 p310 3.7k 9 32 95 19 80 4 42
50 13
Alibaba Close 167.36 Apr p27 2.0k 0 no tr no tr eBay Close 35.26 Apr c44 50 5.4k 0 23 14 0 97 no tr p37 2.1k 0 50 1.0k 1 58 4.7k 2 69 p157 3.0k 0 08 430 1 65 no tr p245 10k 0 03 23 9 95 7 12 29 c310 2.9k 5 09 422 15 57 12 38
p155 4.1k 0 43 no tr 59 4 25 c28 3.2k 0 54 1.7k 0 92 279 1 60 p31 no tr no tr 10k 0 45 c44 5.9k 0 41 10k 1 17 500 3 05 p38 3.1k 0 83 1.1k 1 99 374 3 13 p158 519 0 09 6.4k 1 12 125 4 23 p248 5.1k 0 03 1.2k 0 73 1 4 81 c320 3.0k 2 13 82 11 40 238 32 61
p160 4.0k 0 87 no tr 49 5 75 p28 50 3.9k 0 49 no tr no tr c32 41 3 06 5 3 45 5.0k 3 75 c45 3.2k 0 18 294 0 81 159 2 49 c38 3.8k 1 39 821 2 62 182 3 92 p160 2.6k 0 13 3.7k 1 41 2 11 63 p250 8.8k 0 03 12 11 19 1 13 04 c325 2.7k 1 37 119 9 53 41 29 90
p165 3.8k 1 92 1.1k 5 10 77 7 61 p28 3.6k 0 25 1.2k 0 73 8 1 30 EleArt Close 97.60 Jun c45 50 8.3k 0 10 112 0 65 no tr c39 4.7k 0 86 771 2 10 604 3 30 p161 3.8k 0 17 1.3k 1 59 14 5 02 p252 5.4k 0 05 467 0 94 2 5 39 c330 3.6k 0 89 1.6k 7 95 107 28 26
c170 6.8k 1 64 795 5 21 673 7 91 c28 50 6.2k 0 26 no tr no tr p75 368 0 03 1.4k 0 32 3.4k 1 96 c46 62 0 04 23k 0 49 no tr p39 2.0k 1 32 494 2 47 108 3 60 p162 14k 0 23 3.4k 1 76 8 5 13 p253 8.6k 0 08 4.5k 1 07 14 4 80 TevaPh Close 18.22 Jun
c175 4.9k 0 45 658 3 20 708 5 62 c29 50 3.2k 0 03 no tr no tr p80 727 0 3.9k 0 51 3.3k 2 95
05
c48 50 no tr 3.1k 0 13 no tr p40 3.0k 1 96 126 3 01 788 4 08 p163 1.9k 0 30 673 2 15 46 5 87 p255 7.4k 0 07 2.1k 1 23 2 14 75 p20 3.4k 2 03 3.5k 2 25 3 2 73
c180 770 0 11 3.1k 1 75 1.1k 4 05 c29 7.4k 0 10 11k 0 46 410 1 09 p85 1.1k 0 21 2.3k 1 17 1.7k 4 18 p57 no tr no tr 1.9k 13 75 c40 5.4k 0 48 1.2k 1 64 1.0k 2 90 p164 5.6k 0 40 959 2 27 1 6 78 p257 5.8k 0 10 1.6k 1 45 74 5 60 Tornier Close 30.36 May
AmAirlGrp Close 36.00 Apr c30 962 0 02 7.8k 0 20 143 0 71 c85 2.2k 12 30 956 13 86 41 15 98 iShEmMkt Close 42.16 Jun c41 2.5k 0 25 878 1 28 126 2 40 p165 26k 0 55 2.1k 2 49 698 6 15 p259 19k 0 14 3.0k 1 68 1.6k 6 12 c32 50 no tr no tr 2.6k 1 31
c36 50 2.7k 0 42 no tr no tr Boeing Close 404.91 May p90 1.8k 0 66 2.6k 2 14 1.7k 6 05 p35 4 0 01 119 1 29 10k 0 32 c42 1.1k 0 12 2.3k 0 96 233 2 11 c166 2.5k 3 28 542 5 62 80 9 64 p260 34k 0 18 39 14 52 5 16 20 Twitter Close 30.01 Jun
c38 113 0 3.0k 0 70 no tr
11 p400 2.4k 3 35 485 10 30 8 20 80 c90 1.6k 8 33 4.4k 10 10 325 13 55 p37 357 0 01 2.1k 0 06 1 0 59 Microsft Close 105.67 Apr p166 9.1k 0 78 1.7k 2 81 182 6 40 p261 16k 0 23 1.0k 2 07 17 6 85 c29 7.6k 1 32 496 2 22 20 4 26
Amarin Close 16.81 Jun c410 4.9k 3 07 314 10 42 34 19 86 c95 5.5k 4 60 3.4k 6 90 1.4k 10 75 p38 49 0 02 51 0 11 6.0k 0 71 c105 5.1k 1 60 1.7k 3 10 216 4 50 p167 11k 1 03 4.0k 3 14 738 6 91 p262 21k 0 26 8.2k 2 24 135 6 80 p29 2.0k 0 35 2.6k 1 17 80 3 05
c17 2.2k 0 58 290 1 67 12 2 90 c425 3.4k 0 38 288 4 49 2 13 09 p95 2.6k 2 1.6k 3 97 no tr p40 1.5k 0 05 5.4k 0 28 4.1k 1 15 p105 3.0k 0 1.1k 2 55 135 3 95
90
c167 9.1k 2 49 1.0k 4 90 785 8 95 p263 15k 0 34 6.0k 2 40 35 7 42 c30 7.7k 0 72 1.8k 1 67 687 3 84
c18 3.0k 0 35 241 1 20 14 2 60 BrMySq Close 50.22 Jun c100 4.8k 2 26 18k 4 45 1.7k 8 32 p41 50 2.7k 0 18 no tr no tr MktVGold Close 22.34 Jun p168 19k 1 37 2.3k 3 47 524 7 15 p264 7.8k 0 42 1.6k 2 68 22 7 71 p30 4.0k 0 72 1.4k 1 61 638 3 55
AMD Close 23.05 Apr c50 4.2k 1 02 500 2 30 no tr c105 2.5k 1 09 7.7k 2 66 224 6 52 p41 17k 0 11 622 0 47 7.5k 1 53 c22 7.1k 0 47 1.3k 0 85 53 1 62 c168 12k 1 91 2.7k 4 28 1 16 44 c264 2.0k 6 73 119 8 82 21 13 44 c31 4.8k 0 36 2.4k 1 24 74 3 39
p18 4.1k 0 01 79 0 13 49 0 43 c52 50 40 0 33 2.5k 1 49 44 3 17 c110 3.2k 0 53 2.0k 1 68 1.0k 4 92 c41 11k 1 26 286 1 77 6 2 82 c22 50 1.9k 0 21 no tr no tr c169 5.6k 1 33 405 3 68 12 7 41 p265 26k 0 53 12k 2 92 305 8 05 p32 5.8k 2 16 114 2 84 28 4 70
p20 3.4k 0 1.2k 0 42 523 0 91
05 Caesars Close 9.32 Jun c115 293 0 30 25k 1 11 92 3 65 c42 50 58k 0 24 532 0 76 22 1 93 c23 518 0 07 2.3k 0 40 542 1 15 c170 6.3k 0 84 24k 3 15 22 7 11 c265 5.6k 6 05 4.6k 8 58 24 12 98 c32 3.9k 0 17 5.7k 0 89 83 2 93
p21 2.5k 0 12 223 0 69 200 1 22 c9 no tr 139 0 75 2.0k 1 30 c125 2.1k 0 14 3.4k 0 48 69 2 39 p42 7.6k 0 34 30k 0 84 400 1 85 c24 13 0 01 5.0k 0 19 19k 0 79 p170 3.7k 2 35 6.7k 4 29 30 8 37 c266 2.1k 5 17 160 7 28 5 12 68 c33 1.4k 0 09 2.1k 0 63 903 2 61
p22 9.2k 0 30 no tr 265 1 69 CapOne Close 77.83 Jun c130 no tr 10k 0 33 430 1 81 c42 2.5k 0 50 120 3 95 7.6k 2 22 MorgStan Close 40.81 Apr c171 3.6k 0 52 607 2 63 53 6 62 p266 14k 0 67 3.4k 3 17 125 8 37 c34 972 0 04 2.0k 0 43 337 2 25
c22 2.9k 1 36 1.2k 2 16 450 2 83 c82 50 no tr 2.0k 0 52 no tr c135 no tr 2.9k 0 23 12 1 c43 14k 0 10 15 3 36 28 1 65 p40 5.7k 0 31 220 0 98 413 1 54 c172 3.3k 0 28 1.6k 2 22 32 6 08 c267 5.0k 4 41 260 6 99 no tr c35 1.9k 0 03 2.3k 0 31 432 1 96
c23 14k 0 75 5.1k 1 60 467 2 31 Caterp Close 128.60 May c140 no tr 8.5k 0 15 45 0 88 c44 955 0 01 21k 0 28 12 1 15 c45 117 0 02 3.0k 0 16 17 0 54 c175 191 0 05 4.5k 1 12 10 13 27 p267 15k 0 84 6.8k 3 49 245 8 35 c36 658 0 03 2.8k 0 21 46 1 71
p23 3.9k 0 68 no tr 316 2 10 c135 4.0k 0 24 872 1 66 143 4 95 c145 no tr 4.5k 0 20 83 0 62 iShiBxHYB Close 84.79 Jun MPLX Close 32.75 Jun c176 163 0 03 17k 0 85 1 4 32 c268 7.5k 3 57 824 6 32 62 11 16 US Bancp Close 50.58 Jun
c24 9.1k 0 35 1.6k 1 17 3.4k 1 86 c140 114 0 06 3.0k 0 70 14 3 30 Exelixis Close 21.27 May p75 no tr 2.4k 0 05 1 0 25 c32 2.3k 0 75 4 1 20 no tr c189 no tr 1 0 03 20k 0 76 p268 62k 1 06 4.0k 3 82 241 9 p50 3.1k 0 45 73 0 91 15 2 04
c25 4.2k 0 15 3.2k 0 83 338 1 49 Celgene Close 87.91 Apr c16 19k 5 no tr no tr p78 no tr 9.2k 0 05 no tr MV Semic Close 98.85 Jun c192 no tr 606 0 02 3.3k 0 48 p269 18k 1 34 4.8k 4 22 336 9 69 US OilFd Close 11.08 Apr
Anadrk Close 41.84 May p80 6.3k 0 33 858 1 65 534 2 70 Facebook Close 167.33 Jun p79 no tr 4.8k 0 07 no tr p85 22 0 04 10k 0 35 no tr c193 no tr no tr 5.3k 0 41 c269 18k 2 87 2.0k 5 64 21 10 70 p10 50 3.3k 0 03 438 0 22 22 0 39
c41 2.1k 1 26 no tr no tr ChesEng Close 2.39 Apr p120 no tr 4.2k 0 03 5 5 35 p81 2 0 01 4.8k 0 16 no tr p95 2.2k 0 40 no tr 24 4 50 QuinStreet Close 14.77 Jun p270 13k 1 68 5 18 01 7.5k 9 57 c11 50 6.4k 0 04 396 0 24 109 0 45
AppldMat Close 39.78 Apr c2 50 3.9k 0 07 1.5k 0 18 1.1k 0 26 p150 623 0 05 4.4k 0 90 32 13 50 p83 3 0 05 25k 0 34 no tr Netflix Close 347.57 Jun c17 50 165 0 05 3.6k 0 25 no tr c270 28k 2 20 48 18 99 15 21 41 p11 10k 0 15 1.0k 0 39 45 0 59
p40 2.3k 1 49 no tr 24 2 70 c3 327 0 01 508 0 06 1.9k 0 13 p160 5.6k 0 45 2.0k 2 67 12 18 40 p84 19k 0 13 678 0 50 no tr p330 4.2k 1 70 874 9 41 no tr Randgold Close 00.00 Jun c271 73k 0 62 797 4 33 303 9 24 c11 2.1k 0 22 773 0 47 169 0 70
Apple Close 170.41 Apr Cisco Close 47.19 Apr p165 5.5k 1 42 686 4 20 4 19 85 p85 7.5k 0 38 36 1 02 8 2 39 c330 2.8k 19 252 27 21 2 43 40
52
p13 1.2k 0 08 4.3k 0 28 no tr p271 28k 1 19 724 4 98 33 9 89 c12 231 0 02 951 0 12 3.8k 0 29
p150 7.1k 0 04 553 0 45 1.5k 1 23 p45 588 0 44 163 0 82 3.1k 1 19 c165 6.2k 3 85 1.6k 6 90 11 27 70 iShRlEst Close 84.12 Jun p335 2.4k 2 67 124 11 08 no tr c14 11k 0 16 437 0 40 no tr c272 20k 0 29 1.7k 3 80 186 9 04 USSteel Close 21.95 Apr
p160 6.3k 0 16 1.8k 1 48 1.5k 3 05 c47 4.3k 1 220 1 65 56 1 97
26
p170 782 3 90 3.3k 6 90 105 12 85 p78 49 0 03 2.0k 0 31 6 1 46 c340 2.0k 11 20 387 20 87 30 39 61 RioTinto Close 56.03 Apr c273 13k 0 78 3.4k 2 97 38 8 12 p19 4 0 06 58 0 27 6.1k 0 52
p165 9.5k 0 50 2.6k 2 66 572 4 54 c55 no tr no tr 1.9k 0 09 c170 12k 1 27 4.6k 4 40 14 23 90 iShRs2000 Close 149.85 May p340 4.2k 3 98 546 12 95 1 56 95 c55 no tr no tr 8.2k 2 85 c274 3.7k 0 49 9.8k 2 80 13 7 53 c22 2.1k 0 42 2.3k 1 08 242 1 49
p170 9.1k 1 93 2.2k 4 58 958 6 50 Citigrp Close 62.01 Jun c175 2.5k 0 29 1.5k 2 45 1 21 72 p129 19 0 01 2.0k 0 21 no tr p345 2.0k 5 81 577 15 20 2 33 50 Salesforce Close 156.67 May c275 36k 0 30 4.8k 2 38 3 18 12 p22 577 0 53 95 1 14 6.0k 1 54
c170 17k 2 41 3.5k 5 25 1.0k 7 65 p57 50 72 0 10 2.6k 0 57 57 2 03 c180 1.0k 0 07 2.4k 1 29 7 20 40 p139 2.7k 0 133 0 66 no tr
04
c345 3.5k 8 50 189 18 30 13 37 01 c160 411 1 05 3.6k 5 41 13 9 09 c276 3.1k 0 15 2.7k 1 94 37 6 50 Vale SA Close 11.39 Jun
c175 15k 0 55 2.4k 2 92 1.0k 5 07 p60 1.9k 0 1.7k 1 04 251 2 90
24
FordMot Close 8.39 Jun p142 50 3.3k 0 12 no tr no tr c350 3.7k 5 90 459 15 50 2 70 36 Sangamo Close 7.72 May p276 3.3k 6 50 56 8 45 12 12 50 p11 no tr 10k 0 45 655 0 92
c180 4.5k 0 12 3.4k 1 47 968 3 40 c65 343 0 07 3.3k 0 70 40 5 90 p8 18k 0 05 2.0k 0 18 198 0 49 p143 7.0k 0 10 6.6k 1 11 no tr c355 2.4k 3 90 397 13 10 7 32 c10 1.9k 0 05 no tr 275 0 75 c277 2.6k 0 09 3.5k 1 58 24 6 24 c12 5.8k 0 11 6.7k 0 41 979 0 96
c185 2.0k 0 03 1.2k 0 71 718 2 05 CliffsNatR Close 11.83 Apr c9 1.9k 0 01 1.7k 0 10 702 0 34 p144 4.1k 0 12 272 1 33 no tr c360 4.5k 2 40 652 11 20 30 35 SP Engy q Close 62.94 Jun c278 4.5k 0 04 1.0k 1 31 48 5 92 c13 630 0 02 7.9k 0 14 22k 0 58
c190 426 0 02 3.7k 0 34 1.4k 1 18 p11 417 0 08 307 0 37 3.4k 0 64 FrptMcM Close 11.61 May p144 50 6.6k 0 19 no tr no tr c365 2.8k 1 45 155 9 22 12 28 c64 2.4k 0 26 216 1 05 18 2 45 c279 2.5k 0 02 6.2k 1 04 67 5 25 c15 no tr 511 0 03 40k 0 18
p210 21k 40 5 39 88 19 39 74 c11 3.5k 0 85 895 1 16 720 1 54 p11 50 4.7k 0 23 no tr no tr p146 5.8k 0 26 1.0k 1 77 285 4 25 Nielsen Close 26.30 Jun SP Fncl Close 25.67 Jun c280 961 0 02 8.3k 0 80 273 4 91 Verizon Close 53.95 Apr
p215 21k 45 no tr no tr c12 9.4k 0 24 2.3k 0 62 11k 0 99 c12 3.4k 0 423 0 41 740 0 87
12
p147 50 4.3k 0 47 no tr no tr c27 2.0k 0 19 no tr no tr p23 3 0 01 15k 0 09 no tr c283 75 0 01 534 0 39 6.0k 3 69 c55 633 0 14 1.9k 0 71 666 1 15
ArrowRsh Close 15.66 Jun c13 no tr 6.8k 0 28 1.9k 0 56 FstHorizn Close 15.33 May p148 2.8k 0 60 1.4k 2 27 37 4 97 NokiaCp Close 6.16 Apr p25 4.9k 0 06 20k 0 34 342 0 85 c285 22 0 02 5.6k 0 23 437 3 01 Vipshop Close 7.39 May
c14 no tr 1.9k 2 20 no tr CocaCola Close 49.50 May c16 30 0 05 10k 0 33 no tr p148 50 4.3k 0 74 no tr no tr c6 2.5k 0 20 571 0 31 541 0 40 c26 4.0k 0 11 2.8k 0 39 161 0 98 c287 no tr 3.7k 0 13 815 2 27 p7 2.0k 0 17 no tr no tr
AT&T Inc Close 29.55 Apr p47 168 0 11 11k 0 29 no tr Gen El Close 9.81 Jun p149 4.0k 0 86 2.5k 2 55 69 4 92 p6 795 0 02 2.0k 0 13 67 0 22 p26 3.6k 0 40 9.0k 0 75 38 1 29 Spdr OGEx Close 28.36 Jun WalMart Close 95.58 Jun
p28 178 0 03 948 0 20 2.6k 0 59 ConocPhil Close 66.26 May p7 1 0 01 2.8k 0 03 346 0 15 c149 8.4k 1 82 1.9k 3 75 108 5 70 Novavax Close 2.27 Apr SP Inds Close 73.07 Jun p27 5.6k 0 11 no tr no tr p95 635 0 64 2.2k 2 82 14 4 64
c29 3.8k 0 459 1 02 227 1 24
65
p65 2.0k 0 71 435 1 76 20 3 20 p8 1.6k 0 113k 0 09 194 0 30
01
p150 3.0k 1 23 805 2 92 41 5 36 p1 50 292 0 05 no tr 5.1k 0 51 p70 66
no tr 3.0k 0 no tr p28 29k 0 no tr 129 2 03 35
WellsFrgo Close 47.65 Apr
p29 1.4k 0 11 2.3k 0 47 327 0 96 CorceptTh Close 11.35 May p9 27k 0 04 125k 0 23 1.3k 0 59 c153 5.7k 0 17 215 1 62 4 3 60 p2 5.7k 0 no tr 55 0 85
15
SP Tech Close 67.99 Jun c29 600 0 22 5.3k 0 83 74 1 94 c50 91 0 04 2.9k 0 39 255 0 85
c30 3.8k 0 10 682 0 45 2.5k 0 73 p11 2.0k 0 45 no tr no tr c9 1.7k 0 88 3.6k 1 04 571 1 50 c160 3 0 01 5.1k 0 16 7 1 25 c3 50 175 0 03 no tr 17k 0 55 c69 no tr 1.9k 0 92 3 2 53 c30 281 0 05 4.2k 0 47 554 1 51 c55 no tr 39k 0 04 285 0 10
c32 386 0 01 328 0 06 2.3k 0 16 Coty Close 9.33 May p10 9.4k 0 34 12k 0 59 4.0k 1 04 iShsChi25 Close 42.42 May NovoCure Close 49.54 Jun SP Util Close 55.68 Jun p30 891 1 74 5.7k 2 14 2 3 14 Yelp Close 37.98 May
Baidu Inc Close 169.90 Jun c8 2.8k 1 35 1.4k 1 40 509 1 69 c10 17k 0 15 16k 0 44 1.4k 0 95 p37 50 3 0 02 5 0 11 12k 0 43 c50 15 1 05 3.0k 3 20 1 6 28 p54 76 0 06 80 0 45 1.9k 1 31 Square Close 73.49 Jun c40 73 1 99 no tr 5.3k 4 10
p165 1.0k 1 50 1.9k 5 75 51 11 20 c8 50 2.5k 0 88 no tr no tr c11 2.0k 0 02 9.8k 0 14 4.0k 0 55 p40 55 0 02 10k 0 34 12 0 93 Nvidia Close 148.17 Apr c55 708 0 84 7.6k 1 29 180 2 11 p70 2.2k 0 81 263 3 60 30 7 08 ZayoGrp Close 26.31 Jun
c175 2.4k 1 2.0k 5 75 20 13 15
28
c9 4.9k 0 48 528 0 67 263 1 10 c12 no tr 2.6k 0 04 707 0 33 p41 50 5.3k 0 16 no tr no tr p140 2.2k 2 80 269 5 80 no tr 18 74 73
p55 229 0 7.4k 0 290 1 c75 2.0k 1 904 4 46 135 8 70 24
p25 no tr 2.0k 1 35 no tr
c180 2.9k 0 56 297 4 19 10 40 CP Rlwy Close 200.35 Jun GenMotors Close 38.70 Jun p41 501 0 10 10k 0 55 39 1 14 c145 7.3k 7 459 10 90 no tr
80
c56 126 0 21 3.0k 0 74 80 1 59 Starbcks Close 69.75 Apr c27 828 0 11k 1 56 153 2 30
50 40

BB&T Close 50.24 Jun c220 no tr 2.0k 0 30 1 3 40 c40 170 0 10 3.2k 0 57 245 1 79 c42 7.8k 0 66 108 1 35 4 1 98 c150 3.0k 5 15 897 8 30 no tr SpdGld nya Close 124.21 Jun c70 2.5k 0 60 782 1 58 1.1k 2 34 c30 818 0 15 9.2k 0 80 no tr
Exp. Strike Last Exp. Strike Last Exp. Strike Last Exp. Strike Last Exp. Strike Last Exp. Strike Last Exp. Strike Last Exp. Strike Last Exp. Strike Last Exp. Strike Last
LEAPS Date Price Vol Price Date Price Vol Price Date Price Vol Price Date Price Vol Price Date Price Vol Price Date Price Vol Price Date Price Vol Price Date Price Vol Price Date Price Vol Price Date Price Vol Price

Exp. Strike Last pJan21 13 11 1 71 AT&T Inc 29.55cJan21 25 397 5 83 Citigrp 62.01cJan21 5 193 2 20 cJan21 5 105 3 30 cJan21 20 14 2 15 cJan21 40 71 2 11 pJan21 195 30 61 50 cJan21 70 25 22 57
Date Price Vol Price 6 60 cJan21 32 113 2 56 cJan21 60 150 9 79 ExxonMob
AmIntlGrp 42.45 cJan21 23 61 73.98 pJan21 7 1.0k 1 02 I B M 133.71 cJan21 23 20 6 65 pJan21 140 11 27 TeslaMotr 305.80
Alibaba 167.36 pJan21 40 72 5 25 pJan21 32 740 6 04 Blackstone 33.76 pJan21 65 120 10 46 cJan21 60 12 14 90 Gen El 9.81 pJan21 110 13 8 30 JPMorgCh 101.36 PhilMorr 79.98 pJan21 200 21 37 50
pJan21 150 91 18 02 cJan21 40 50 7 20 cJan21 28 47 3 35 cJan21 30 68 5 52 pJan21 60 1.0k 73
7 pJan21 60 16 3 49 pJan21 10 199 2 07 cJan21 110 25 27 85 pJan21 100 501 12 cJan21 97 50 15 2 40 pJan21 300 17 80
pJan21 170 92 27 20 AppldMat 39.78 pJan21 30 20 4 81 Boeing 404.91 pJan21 67
50
121 11 89 pJan21 65 13 5 10 pJan21 12 175 3 22 Intel 48.84 Kellog 55.36 RltyInco 70.08 cJan21 300 14 88 33
cJan21 145 30 45 50 cJan21 40 11 7 33 pJan21 25 201 2 47 pJan21 260 13 10 20 cJan21 67 50 125 6 40 Facebook 167.33 cJan21 12 766 1 59 pJan21 23 15 0 51 cJan21 52 50 20 7 cJan21 60 36 11 80 Twitter 30.01
2 40 cJan21 400 12 60 90 cJan21 70 189 5 55 pJan21 155 16 19 20 156.67 pJan21 25 20 4 34
Altria 48.84 Apple 170.41 cJan21 30 242 cJan21 8 166 3 45 pJan21 43 13 4 40 KindMorg 18.02 Salesforce
13 05 cJan21 170 16 30 81 cJan21 100 24 66 56 pJan21 20 28 2 34
cJan21 160 147 30 50 cJan21 25 25 5 14 Caterp 128.60 pJan21 70 176 cJan21 5 275 5 38 cJan21 40 11 76 pJan21 15 31
cJan21 40 105 9 90 19 20 1
8 40 pJan21 120 21 15 27 pJan21 57 50 172 7 pJan21 170 50 25 11 127.87 cJan21 20 28 13 31
Amazon 1588.22 pJan21 140 41 9 85 pJan21 35 73 pJan21 5 112 0 33 cJan21 23 16 25 85 Macys 25.14 Sarepta
1 02
cJan21 170 43 25 53 cJan21 32 123 1 cJan21 140 18 14 47 cJan21 65
65
70 7 50 cJan21 150 218 41 05 pJan21 8 109 1 15 iShEmMkt 42.16 pJan21 25 34 5 50 cJan21 75 30 70 32 pJan21 15 12
cJan21 720 86916 61 0 95 11.83 cJan21 180 29 24 98 pJan21 28 23 5 80
cJan21 200 46 14 17 cJan21 35 51 CliffsNatR pJan21 3 28 0 12 cJan21 40 30 6 16 cJan21 25 12 4 50 Schlmb 42.78
pJan21 140 18 25 56 cJan21 10
AMD 23.05 pJan21 28 94 3 75 44 3 92 pJan21 150 22 16 25 cJan21 3 17 6 90 iShRs2000 149.85 Microsft 105.67 cJan21 50 30 3 35 Vale SA
cJan21 12
11.39
68 2 41
pJan21 20 22 4 75 cJan21 220 22 9 30 ChesEng 2.39 cJan21 8 160 5 31 cJan21 110 25 68 73
55 BerkHath B 200.92 cJan21 10 630 2 37 pJan21 150 14 14 03 pJan21 95 17 9 45 SP Fncl 25.67
Verizon 53.95
cJan21 10 65 14 15 pJan21 145 19 11 pJan21 200 59
342 17 16 cJan21 1 327 1 15 pJan21 10 107 1 90 cJan21 200 15 18 37 cJan21 15 453 0 81 iShSilver 14.83 pJan21 85 745 6 05 pJan21 26 30 2 72 cJan21
cJan21 15 66 11 45 cJan21 165 15 27 94 cJan21 160 70 pJan21 3 39 1 55 17 4 35
128 55 Coty 9.33 pJan21 145 58 14 65 GenMotors 38.70 cJan21 14 304 2 68
cJan21 105 47 15 62 pJan21 25 51 2 23 cJan21 50 13 6 87
cJan21 25 70 6 90 pJan21 155 24 14 87 pJan21 160 69
116 6 55 cJan21 3 77 0 14 cJan21 5 12 4 50 FordMot 8.39 cJan21 50 130 2 05 pJan21 14 1.0k 1 02 cJan21 80 33 30 43 pJan21 20 281 0 80 pJan21
cJan21 140 31 42 15 cJan21 200 45 35 3 11
pJan21 10 19 0 89 322 28 80 pJan21 150 198 0 83 pJan21 5 21 0 50 pJan21 12 41 4 37 cJan21 30 41 10 33 pJan21 15 15 1 50 pJan21 80 25 4 88 cJan21 26 192 2 61 Vodafone 18.04
cJan21 30 84 5 36 pJan21 150 63 13 10 cJan21 220 13 18 pJan21 2 50 248 0 38 DeutschBk 8.19 cJan21 10 706 0 72 pJan21 50 28 13 90 cJan21 15 284 2 14 MorgStan 40.81 SPDR 270.47 cJan21 18 27 1 80
cJan21 13 50 12 10 cJan21 120 20 56 49 Bk of Am 28.29 cJan21 4 21 0 cJan21 10 60 1 26 cJan21 12 258 0 35 cJan21 40 15 4 70 pJan21 13 237 0 69 pJan21 33 22 2 95 cJan21 200 14 75 pJan21 15 30 1 90
cJan21 28 30 5 58 pJun21 100 52 2 64 pJan21 32 11 5 92 cJan21 2 50 154 0 82 pJan21 10 743 2 82 pJan21 5 75 0 45 Halbtn 29.70 pJan21 12 15 0 38 Nabors 2.76 pJan21 200 53 6 12 pJan21 18 160 3 45
pJan21 15 113 2 43 cJan21 155 16 33 32 cJan21 35 34 1 70 pJan21 2 100 0 53 EleArt 97.60 pJan21 3 165 0 14 pJan21 15 21 0 45 JD.com 23.99 pJan21 5 57 2 76 Square 73.49 cJan21 15 73 3 60
pJan21 25 16 7 65 cJan21 145 55 39 20 pJan21 25 15 2 57 cJan21 2 14 1 pJan21 95 11 15 59 pJan21 10 60 2 78 cJan21 15 25 15 pJan21 40 80
110 16 Nvidia 148.17 pJan21 40 208 4 25 WellsFrgo 47.65
cJan21 20 13 8 43 cJan21 150 81 36 cJan21 30 128 3 25 pJan21 4 50 30 2 32 EnCana 6.11 cJan21 7 92 1 93 Hanesbrd 17.84 cJan21 25 52 5 90 pJan21 100 50 11 25 cJan21 40 204 38 69 cJan21 45 14 7 10
Copyright 2019 Investor's Business Daily Inc.
ISSUES & INSIGHTS READ WHAT'S REALLY GOING ON IN THE COUNTRY WEEK OF FEBRUARY 11, 2019 A15

ISSUES & INSIGHTS WINNER OF THE 2008


Pulitzer Prize

PERSPECTIVE

Will Tax Hikes


Fix Illinois? No SEC Needs To Protect Investors
From Proxy Advisors Conflicts
Illinois: The state has struggled for years with
its finances. As with other troubled states, it
boils down to too much spending, especially NAN BAUROTH

on pensions, and not enough revenue. Demo-


L
ike many retail investors I have found low-fee passive
cratic Gov. J.B. Pritzker thinks a tax hike on investments such as index funds highly attractive. Pio-
the rich will solve the problem. It wont. neered by the late Jack Bogle, these products give in-
vestors the ability to own a diverse portfolio of stocks at an
affordable cost, in the process delivering financial prosperi-

O
n Friday, the state revealed that its budget
ty for millions of Americans.
deficit was $400 million larger than expect- However, the benefits conferred by index funds are in-
ed, roughly $3.2 billion. Thats not the worst creasingly being exploited by an opaque subsector of Wall
of it. Illinois public pension agency owes Street known as proxy advisory firms.
$234 billion, or about $18,281 per citizen, but has only This trend has gained momentum because retail investors
funded about 40% of that amount. Pritzker, of course, participating in these funds are required to surrender their
blames former Gov. Bruce Rauner. But Illinois fiscal voting rights to managers, who represent all the members
ruin has been a group effort. en bloc.
Pritzker ran for office in 2018 promising more spend- As the number of shareholders investing in funds has expo-
ing on schools, health care and jobs, while cutting taxes nentially grown in the past decade, fund managers have
and imposing a new $15 minimum wage. begun to wield tremendous influence over corporate gover-
nance at American public companies, even though these SEC headquarters in Washington, D.C. Individual inves-
Well, the state is spending a lot more, but tax cuts are managers do not actually own any stock themselves. tors want the regulator to crack down on proxy advisory
now off the agenda. Instead, Pritzker will propose to Unfortunately, too many asset managers expend little ef- firms that dont have investors best interests in mind.
double taxes paid by those with income over $225,000, fort in determining how to properly execute their new-
the so-called rich, to 7.65% from 3.75% now. found proxy voting power. In other words, when retail investors do vote they rarely
Sorry, governor, but a new report from Moodys Inves- use their investments as a means to further social initiatives.
tors Service says thats a rookie move. Moodys bluntly The Rise Of Proxy Advisors To compound the problem, a study by the U.S. Chamber of
predicts Pritzkers higher taxes will lead to even more Instead they rely heavily on the advice of proxy advisory Commerce found that proxy firms routinely support ballot
high-income people joining the mass exodus to other firms, outside consultants who not only lack any statutory proposals that have been resoundingly rejected by a majori-
states, making the states fiscal crunch even worse. authority to regulate companies or acknowledge an obliga- ty of other investors in prior years.
As Moodys noted, the population loss and relatively tion to issue guidance directed toward maximizing returns,
but in some cases do not even admit to having a fiduciary re- Zombie Proposals
sluggish employment trends suggest a degree of eco-
sponsibility to fund investors. Support from proxy advisors helps keep these initiatives
nomic vulnerability that poses a conundrum: revenue As a consequence, proxy firms are vicariously exercising alive, creating zombie proposals that company manage-
growth from existing sources will be too tepid to offset significant influence over whether a shareholder resolution ment is perennially forced to assess, draining capital and re-
escalating fixed costs, while new taxes could threaten at a given company passes or fails. Research shows that a rec- sources from other profit seeking activities.
to increase the outflow of residents. ommendation by the market leader, ISS, can influence a These issues are troubling enough, but they appear to be
In a recent piece, IBD focused on New Yorks ills, vote by as much as 25%. the tip of the iceberg. Among other failings, proxy firms
which, no surprise, are similar to Illinois high taxes, Of more concern to retail investors, proxy advisors have a have also been criticized by public companies and academ-
a huge out-migration of wealthy taxpayers, massive track record of promoting shareholder resolutions aimed ics for using one size fits all methodologies, a lack of trans-
pension liabilities, chronic deficits. But, as we noted, primarily at addressing political issues. Research by law parency in decision-making, conflicts of interests between
New York Gov. Andrew Cuomo wisely ruled out raising firm Sullivan & Cromwell has shown that ISS supported business units, a track record of incorrect guidance and an
taxes on the rich. God forbid if the rich leave, he said. 74% of social proposals in 2018, including 84% of proposals inability to correct errors.
that would force businesses to comply with extralegal envi- As recognition of these intrinsic problems at proxy firms
As Moodys noted, Illinois lost some 544,541 residents ronmental standards that are higher than those set by gov- has mounted, BlackRock, the worlds largest fund manager
to other states from 2013 to 2018, or 4.2% of its 2013 pop- ernment regulators. with almost $6.5 trillion under management, is now calling
ulation. The people leaving represent wealth, skills, ed- Although supporting politically motivated resolutions is for greater transparency from proxy advisors, suggesting
ucation, know-how and, often, local roots. Illinois is not inherently problematic, evidence that these proposals that they must improve the quality and accuracy of their
watching the only thing that can save it from bankrupt- materially enhance enterprise value is mixed at best. guidance to serve the interests of retail investors.
cy its most talented people flee to other states Thankfully, the Securities and Exchange Commission has
where taxes, corruption and incompetence arent so No Financial Benefits taken notice of the growing consensus for reform, a step I
bad. According to another study authored by a leading Har- feel is long overdue.
Worse, the state Senate approved a hike in the mini- vard academic, politically oriented proposals on average I am hopeful the commission will design and enforce a reg-
mum wage to $15 an hour by 2025. That will lead to create greater costs for publicly traded companies and ulatory regime for the proxy advisory industry to ensure it is
therefore, shareholders like me than financial benefits. held to the same fiduciary standards as the rest of the finan-
thousands of low-skilled, untrained workers losing
That conclusion is also indirectly corroborated in a study cial services industry, requiring them to adhere to the singu-
jobs. A minimum wage, after all, is a tax on hiring low- conducted by Broadridge and accounting giant PwC show- lar goal of maximizing returns for retail investors.
wage workers. ing that during the 2018 proxy season retail investors who
Pritzkers call to raise taxes on successful residents voted shares they hold directly were half as likely as fund 00 Bauroth is a retail investor and member of the Main
and on those at the bottom is a huge unforced error, one managers to support environmental and social proposals. Street Investors Coalition Advisory Council.
that shows his lack of basic economic understanding.

VIEWPOINT

Lifes Good Right Now


Good Times: When Trump rattled off a series
U.S. Energy Independence Miracle:
of economic successes in his State of the
Union address, he could have added one Its Really Thanks Only To Fracking
more. The publics quality of life has im-
proved sharply in the past two years. ALLEN FULLER

T
he once-unimaginable is now a reality: Last year, the

W e have created 5.3 million new jobs and, im-


portantly,added600,000 newmanufactur-
ingjobs,Trump said at one point in this ad-
dress. Wages are rising at the fastest pace in decades. . . .
Unemploymenthas reached the lowest rate in half a cen-
United States became the top oil producer in the
world.
For the first time in over 40 years, America likely sur-
passed Russian oil production this past summer, according
to preliminary estimates from the U.S. Energy Information
tury. African-American, Hispanic-American and Asian- Administration. The United States outpaced Saudi Arabias
American unemployment have all reached their lowest oil output at the beginning of 2018.
levels ever recorded. Unemployment for Americans To keep the United States on top, lawmakers need to sup-
with disabilities has also reached an all-time low. port pro-growth energy policies that fuel energy domi-
Unemployment at historic lows? Wages climbing at a nance.
fast pace? Who knew? The news media, fixated on Its difficult to overstate how unlikely the prospect of
Trump scandals, hasnt exactly been broadcasting that American energy independence seemed just a couple of de-
good news. And media fact checkers busied themselves cades ago. Back in 1973, Arab members of the Organization
after the speech nitpicking Trumps economic boasts. of Petroleum Exporting Countries radically restricted our
But the upbeat assessment clearly resonated with the oil imports in retaliation for Americas support of Israel dur-
public, most of whom gave Trumps speech top marks. ing the Yom Kippur War. This Oasis Petroleum fracking unit in the Permian Basin
Turns out they have been firsthand witnesses to the The OPEC embargo quadrupled the price of oil, forcing nearWink, Texas,might notlook impressive, butsuchrigs
the American government to tightly ration fuel and forcing are key to U.S. energy independence.
strength of the economy over the past two years.
drivers to wait in long lines to fill up. The embargo severely
How do we know? Look at the IBD/TIPP Quality of handicapped the American economy. anteed.
Life Index, which asks the public whether they think Whatever other issues the White House may be facing, on
their quality of life will be better, worse or the same Putting The 70s Behind Us energy the Trump administration is on the right track.
over the next six months. After that, America officially committed itself to achieving Since taking office, President Donald Trump has racked up
In the 17 years IBD has been compiling this index, its energy independence, but our domestic oil and gas industry an impressive record of energy deregulation, targeting and
averaged 56.2. Under President Obama, it averaged just simply didnt have the production capacity to make good on eliminating a vast array of economy-killing rules imposed
53.7. Even if you only include Obamas second term, it that ambition. by President Obama.
was well below the 17-year average. But then, the birth of a technological miracle: hydraulic And officials have explicitly framed these efforts as steps
Under Trump? The Quality of Life Index has aver- fracturing. Commonly known as fracking, this technique toward an energy-independent future; a 2017 executive
aged 59.3. Thats a 10% increase over the average dur- involves injecting a high-pressure mixture of water and order rightly noted that the prudent development of these
ing the Obama years. chemicals into deep underground rock formations, break- natural resources is essential to ensuring the Nations geopo-
To be sure, theres a partisan element to this. Republi- ing up the formation and releasing the embedded oil and litical security.
cans tend to rate their quality of life higher than Demo- gas.
crats when theres a Republican in the White House, Fracking enabled developers to tap into vast underground Anti-Energy Activism
and vice versa. But look at independents: Their quality oil and gas reserves previously assumed unreachable. Having lost in electoral politics, activists have turned to
of life averaged 52 under Obama. Its averaging 58.8 This launched an American energy renaissance. Fracking the courts, firing off frivolous lawsuits to gum up new ener-
under Trump a 13% bump. has made America the top natural gas producer in the gy projects and slow down production expansion.
What more, the gains are across the board. House- world. And it is powering an unprecedented expansion in Environmental nonprofit NRDC, for example, has filed a
holds making from $35,000 to $50,000, for example, our oil production. The EIA estimates that America pro- lawsuit against the Trump administration about every
saw an 8% gain in this index when you compare Trump duced 10.9 million barrels of oil a day in August, compared eight days, according to the organizations litigation direc-
to Obama. Those making from $50,000 to $75,000, an to Russias 10.8 billion. tor. NRDC has taken issue with the administrations plans
11% gain. Our energy exports will have profound geopolitical bene- to open up oil and gas leases in federal waters and remove re-
fits. Right now, Russia is using its huge energy wealth to un- dundant Obama-era methane rules.
We see the same phenomenon with the IBD/TIPP
dermine Americas interests abroad, primarily by funneling Green activist gambits must fail.
Economic Optimism Index, which has been in positive oil to prop up regimes opposed to U.S. interests, such as Ven- American energy independence is not predestined. Inde-
territory over 50 since Trumps been president. It ezuela and North Korea. pendence depends on thoughtful leadership that rejects
averaged only 46.8 under Obama. America could use its own exports to counteract this pres- any attempts by environmental extremists to sabotage ener-
The public is clearly giving Trump credit for the turn- sure. Countries currently dependent on Russian imports, gy development and the immense geopolitical benefits it en-
around. While his overall approval ratings hover such as Ukraine, could wean themselves off, migrate to tails.
around 40%, he regularly gets much higher marks for American oil and gas, and liberate themselves from undue
his handling of the economy in the IBD/TIPP poll. Russian influence. 00 Fuller is executive director of Principles That Matter, a
Our guess is that if the press were to let up even a little Such energy independence would cement key diplomatic Colorado-based organization. It is committed to advancing
on the 24/7 criticism of Trump, and spend some time re- relationships and beat back Russian aggression. the principles of a free market, limited government, and
porting on whats happening in the economy, Trump Reaping these rewards will require vigilance from govern- individual liberty through research and education on pub-
would get higher ratings on both measures. ment officials. Energy independence is likely, but not guar- lic policy issues.

Copyright 2019 Investor's Business Daily Inc.


A16 WEEK OF FEBRUARY 11, 2019 IBD SPECIAL REPORT INVESTORS.COM

LONG
ASSET VIEW
TEST How the biggest funds fared, ranked by January total return
Assets, Assets, Assets,
Small Caps Win In January Fund Symbol in bil Jan. 1 yr Fund Symbol in bil Jan. 1 yr Fund Symbol in bil Jan. 1 yr
Amid a rally by smaller-cap stocks, Januarys Vanguard Small-Cap Index Inv NAESX $77.95 11.83% -1.51% American EuroPacic Growth A AEPGX $138.71 8.16% -13.54% American Capital World Grwth & Inc CWGIX $86.05 7.22% -9.23%
top performing fund was a small-cap stock Vanguard Mid-Cap Index Instl VMCIX 87.01 10.59 -3.81 Fidelity 500 Index Inv FXAIX 153.36 8.01 -2.33 Investment Company of America A AIVSX 85.46 6.13 -6.19
fund, followed by a midcap fund. Stock funds Fidelity Contrafund FCNTX 108.26 9.45 -2.01 Vanguard Institutional Index Instl VINIX 200.00 8.01 -2.35 American Washington Mutual Inv A AWSHX 100.97 5.94 -2.17
overall struggled in the prior 12 months. Growth Fund of America A AGTHX 166.56 9.38 -1.79 Vanguard 500 Index Inv VFINX 400.71 8.00 -2.46 American Balanced A ABALX 127.29 4.78 -1.22
Larger-cap stock funds fell less than their Vanguard Total Stock Mrkt Index Inv VTSMX 672.20 8.59 -2.31 American Fundamental Investors A ANCFX 88.30 7.90 -5.12 Vanguard Wellington Inv VWELX 96.22 4.42 -1.98
Vanguard Emerg Mkts Stock Indx VEIEX 75.60 8.52 -14.61 Vanguard Total Intl Stock Index Inv VGTS 327.07 7.58 -12.83 Income Fund of America A AMECX 100.32 4.17 -4.07
smaller-cap counterparts.
Source: Lipper Inc.
American New Perspective A ANWPX 74.42 8.34 -4.75 Vanguard Developed Markets Indx VTMGX 100.70 7.36 -12.42 American Capital Income Builder A CAIBX 96.25 4.07 -5.66

BEST MUTUAL FUNDS 2019


January Rebound
Leads To Goldilocks
Market Forecast
Managers see stock gains does not search by sectors.
We see potential within individ-
that are not too hot, not ual businesses that seem better po-
too cold for rest of 2019 sitioned for growth almost regard-
less of whats happening in the
broader economy, he said.
STOCK FUNDS Medical products maker Stryk-
erSYK, software giant MicrosoftMSFT
BY PAUL KATZEFF
and credit card titan Mastercard
INVESTORS BUSINESS DAILY MA
are three holdings that illustrate

W
ell, that was more like it. his outlook.
HartfordMidcap FundsPhil Ruedi, left, and MarkWhitaker seek firms thatwin byhittingsingles and doubles. The stock market and Stryker makes joint replace-
stock mutual funds rallied ments, surgical instruments and
big-time in January. The neurosurgical devices. Theyve

Blue-Chip Stocks: Hartford Midcap rebound left many stock fund man-
agers with a Goldilocks stock mar-
ket forecast for the balance of this
year: not too hot, not too cold.
had six straight years of faster or-
ganic revenue growth, Schoen-
stein said. All three business lines
work well. The companys increas-

Fund's Keys To Outperformance Call them guardedly optimistic.


Their stock market forecast calls
for a much better 2019 than 2018
was. Then again, that should not be
ing use of robotics enables sur-
geons to perform more procedures
and to improve outcomes. The op-
portunity to see growth in that busi-
while limiting damage from mar- fy and invest in all areas of the mar- so difficult, given how bad 2018 ness will be pretty good, Schoen-
FUND MANAGER Q&A ket tumbles helped their fund ket. We own about 100 stocks, so was, with the S&P 500 sliding stein added.
enter the 2018 winners circle for we dont make significant bets on a 4.38% and U.S. diversified stock Microsoft is leveraging its lega-
BY PAUL KATZEFF
IBDs Best Mutual Funds Awards. single stock or sector. funds falling 7.73% on average, cy business Office and Windows
INVESTORS BUSINESS DAILY
That recognition goes to funds that We focus on research to leverage both on a total return basis, which into its cloud products. That has

W
hats the formula for out- outperformed the S&P 500 in four the resources of Wellington. I includes dividends. allowed them to provide custom-
performance by Hartford time periods the calendar year guess you could say that we try to We are cautiously optimistic, ers with more options for tap-
Midcap FundHMDYX manag- (2017, in this case) as well as the outperform with midcap blue chip said Eric Schoenstein, a manager ping into whatever their needs
ers Phil Ruedi and Mark prior three, five and 10 years on an stocks that hit singles and doubles of $6.5 billion Jensen Quality
Whitaker? For one thing, their average annual basis ending with rather than by hitting home runs. Growth FundJENIX. The year is off
days are filled with talk of every- that year. IBD: Am I right in thinking that to a great start. The overall econom- U.S. Vs. The World
thing from college basketball to Just 10% of U.S. diversified stock you enjoy targeting midcaps be- ic backdrop appears generally posi- Total returns as of 1/31/19
stocks mostly stocks. Their focus funds managed that feat in the lat- cause its an often-overlooked seg- tive. U.S. diversified
is on a particular type of what they est compilation of the awards. ment of the market, which offers Chip Reed, co-manager of $11.5 15%
stock funds
call midcap blue-chip stocks. Since individual investors can more growth potential on average billion Eaton Vance Atlanta Capi- 10 World equity
They aim for midcap blue-chip learn from pros like Ruedi and Whi- than large caps but less volatility tal SMID-Cap FundEISMX, said, I funds
stocks that win by hitting singles taker, its instructive to learn how than small caps? would say market forces appear to 5
and doubles, not home runs. those managers put together a port- Ruedi: All of that is true. The con- be at an equilibrium. The global
Closing in on nine years at the folio that excels thanks to its lineup cept is to invest in midcap compa- economy is slowing but not at risk 0
helm of their $12.1 billion fund, of leading stocks like Veeva Sys- nies that are on the verge of great- of dipping into a recession in the
that focus has enabled Ruedi and temsVEEV, CDWCDW, PRA Health ness. near term. Still, the economy is not -5
Whitaker to navigate their way to SciencesPRAH and Keysight Tech- IBD: What are the key traits of so strong that its about to run off to -10
strong performance over multiple nologiesKEYS. midcap blue-chip stocks? the races, either.
time periods. Forty-seven-year-old Ruedi and Ruedi: We like blue-chip, market- After Decembers 9.03% nose- -15
Market leaders, as they often Whitaker, 42, spoke with IBD leading companies. dive by the S&P 500, that broad 1 3 1 10-year
refer to their blue-chip stocks, not about their investment approach They tend to have stronger man- market indexs total return jumped month months year avg
only create good times in the mar- from their Boston offices at Well- agement teams than other mid- 8.01% in January. That was the pop- Source: Lipper Inc.
ket, theyre largely responsible for ington Management, the funds caps, higher returns on invested ular bogeys fourth best January
getting an investor through the subadvisor. capital and other attributes that showing since the start of 1970, ac- are for processing power, Schoe-
markets bad times. IBD: Describe your investment allow them to become leaders. cording to Lipper Inc. nstein said. Because of their
And that combination of wring- approach, please, fellas. IBD: Such as? It was also the fourth best Janu- scale, they can make things
ing the most from market gains Ruedi: We try to broadly diversi- SEE RUEDI ON A19 ary by U.S. diversified stock funds cheaper for customers.
as a group in those 49 years, with And the company has grown
an average total return of 8.91%. more flexible under CEO Satya
Nadella, Steve Ballmers successor.
High-Yield, Risky Asset Bonds Start 2019 Fast January Leaders
Amid a rally by smaller stocks in
January, small-cap value funds led
Mastercard benefits from the on-
going shift to digital payments
from cash and checks. In the fourth
But now, is it time to trim couped a big chunk of their 2018 emerging markets, but overall he all U.S. diversified stock funds last quarter, Mastercards U.S. revenue
losses. expects this year will be challeng- month with their 11.82% charge. rose about 10% while U.S. retail
risk because cycle is aging, In the months ahead, the value ing for risk assets. U.S. diversified stock funds out- sales overall rose less than 5%. So
leverage is increasing? proposition in credit doesnt really One asset class that is expected to performed world equity funds as theyre growing faster than U.S. re-
look very attractive to us after all of be a safe haven for investors in world equity funds gained 7.74% tail sales, Schoenstein said. And
this repair work, Rivelle said. He 2019 is municipal bonds. General last month as a group. overseas markets are growing fast-
BOND FUNDS added that late last year, his TCW muni bond funds returned an aver- Latin American funds paced for- er than North Americas. That
team started to see some opportuni- age 0.6% in January, after a 1.11% eign stock funds, gaining 14.97% should help Mastercard because
BY MARIE BEERENS
ties in credits such as General Elec- gain last year. last month. noncash transactions have more
FOR INVESTORS BUSINESS DAILY
tricGE and Ford MotorF. Many of Natural resources funds led all room to grow in developing mar-
Importance Of Income

A
fter horrendous volatility these situations, from a valuation sector fund categories. They kets, where they account for less of
that marred the stock and point of view, more or less van- For 2019, we see income being gained 13.1% in January. overall transactions than they do in
credit markets in December, ished in the (January) rally. an important part of the total re- As for bond funds, riskier assets the U.S.
risky assets came back roar- The Federal Reserve also issued turn picture for municipals, said came roaring back in January. Also, their outlook for 2020 and
ing in January. Risky bond funds more cautious signals in January. Joseph Gotelli, vice president and High-yield bond funds rose more 2021 appears sustainable, he said.
outperformed. Rivelle said that a month before, fixed-income portfolio manager at than 4%, recouping nearly all of
High-yield bond funds posted Federal Reserve Chairman Jer- American Century Investments. their fourth-quarter losses. U.S. Seeking Steady Eddies
gains of more than 4%, recouping ome Powell made reference to the He also co-manages $1.2 billion Treasury funds performed more Eaton Vances Reed sees more op-
nearly all of their fourth-quarter fact that (the central bank) was American Century CA High Yield modestly, inching up just 0.49%. portunities in stocks with steadier
losses. Investment-grade and going to continue its rate normal- MuniBCHYX, $3.6 billion American General muni bond funds returned earnings. He sees that steadiness as
other credit funds also did well, ization on autopilot. And in the Century Intermediate Term Tax- an average 0.6% in January. a defensive bulwark against the
while U.S. diversified equity funds space of three months, you had Free BondTWTIX and two other muni risks posed by an aging economic
sprinted ahead 8.91% during the pretty dramatic reversals in terms bond funds. We expect some- U.S.-China Talks cycle. He also generally prefers
month, according to preliminary of the position of the Fed on this. where between 2% to 3% total re- Why did stock funds rally last large caps over small caps even
data from Lipper Inc. Fed officials said recently that turn in general. month after Decembers harsh re- though valuations corrected in
January was a very surprising risks are now balanced in the mar- He sees state and local govern- treat? small caps, because of where we
month, said Tad Rivelle, chief in- ket or maybe even slightly skewed ments continuing to rebuild re- The main factor was an easing of are in the cycle, he said.
vestment officer of fixed income at to the downside, Rivelle added. serves, ongoing expectation of reve- the interest-rate-hike throttle by FiservFISV provides financial ser-
TCW and co-manager of $6.3 bil- nue growth and spending re- the Federal Reserve. In 2018, the vices technology to clients includ-
lion TCW Total Return BondTGLMX. Time To Reduce Risk? straints, and a low historical de- Fed had prepared investors to ex- ing banks, thrifts, credit unions, se-
When you run the tape back just Regarding this years outlook, fault rate in the asset class. pect three or four rate hikes in curities broker dealers, leasing and
five or six weeks, we were in the Rivelle said it is time to reduce risk Also,thenewlylimiteddeductibili- 2019, Schoenstein said. By Janu- finance companies and retailers.
midst of a major risk-off type of en- because it is increasingly late in ty of state and local taxes may boost ary, the Fed was signaling it might Last month it announced a merg-
vironment in fixed income and eq- this economic cycle. Leverage is in- demand for munis from high-tax make one or none this year. er with payment processor First
uities. And that all turned around creasing, the economy is slowing taxpayers. Areas he likes are reve- That brightened the stock market DataFDC, a financial services firm
the moment we crossed into the and the yield curve is relatively flat nue vs. general obligation bonds, forecast for many investors and that serves millions of retail points
new year. . . . Weve had the stron- and partially inverted, he said. such as essential services, transpor- shareholders, especially given data of service, ATMs and online outlets.
gest start in the high-yield market Neil Sutherland, fixed-income tation, hospitals and projects se- that showed the U.S. economy still Its a stable business, so you have
perhaps ever, but certainly in de- portfolio manager at Schroders, cured by land in California. growing faster than most other key that underlying the business. On
cades. also advised lightening up on some The main benefits that a muni markets, Schoenstein added. top of that, you have the merger
Loan participation, multisector credit assets: Certainly a return fund should provide, he said, are a The market got a smaller lift from and some cost savings, Reed said.
income and corporate BBB rated such as 4.5% in high yield, in our high level of tax-free income, low easing investor fears about a Reed sees aluminum can maker
bond funds all scored gains of more view, is not sustainable over the historical default rates and low cor- U.S.-China trade war. President BallBLL as very stable. Reed said,
than 2% in January. General U.S. course of this year. relation to other asset classes. The Donald Trump and his Chinese Theyre mostly for carbonated
Treasury funds advanced 0.49%, He has been reducing exposure reality is, the muni asset class, counterparts both showed signs of soft drinks and beer. Theyre the
while inflation-protected bond to lower-credit companies and in- whether its all investment grade, a enough flexibility to avoid a costly largest global player.
funds jumped 1.57%. stead focusing on more defensive mix of investment grade and high stalemate, Reed said. Ball can benefit from its acquisi-
Among world bond funds, emerg- sectors such as high-quality, low-le- yield, or even leaning a little more For the rest of 2019, Schoenstein tion of the U.K.s Rexam. Its a con-
ing markets also rocked. Local and veraged securitized assets. to high yield, tends to provide bet- expects to find most investment op- solidation opportunity to take out
hard-currency funds soared 5.08% Sutherland believes there may be ter risk-adjusted returns when portunities in the technology and costs, on top of a very stable under-
and 4.39%, respectively. They re- more selective opportunities in added to a fully taxable portfolio. health care sectors, although he lying business, Reed said.

Copyright 2019 Investor's Business Daily Inc.


INVESTOR'S BUSINESS DAILY IBD SPECIAL REPORT WEEK OF FEBRUARY 11, 2019 A17

BRIGHT IDEAS FOR


INVESTORS NEEDS

Explore our diverse range of solutions designed to deliver


better outcomes for investors.
Learn more at abfunds.com/go/brightideas

AB Intermediate Diversied AB Income Fund AB Large Cap Growth Fund


Municipal Portfolio (AIDYX) (ACGYX) (APGYX)
Rated against 180 Muni Rated against 876 Intermediate- Rated against 1,247 Large
National Short Funds Term Bond Funds Growth Funds

AB High Income Municipal AB Global Bond Fund AB Sustainable Global


Portfolio (ABTYX) (ANAYX)) Thematic Fund (ATEYX)
Rated against 156 High Yield Rated Against 260 Rated against 729 World
Muni Funds World Bond Funds Large Stock Funds

AB National Portfolio AB High Income Fund AB Select US Long/Short Fund


(ALTVX) (AGDYX) (ASYLX)
Rated against 259 Muni Rated against 604 High Yield Rated Against 199 Long-Short
National Interm Funds Bond Funds Equity Funds

Overall Morningstar Ratings based on Risk-Adjusted Performance as of 12/31/2018 for Advisor shares.

Investors should consider the investment objectives, risks, charges and expenses of the Fund/Portfolio carefully before investing.
For copies of our prospectus and/or summary prospectus, which contain this and other information, visit us online at abfunds.com or contact your AB representative.
Please read the prospectus and/or summary prospectus carefully before investing.
Past performance does not guarantee future results. Investing involves risk. The market values of a portfolios holdings rise and fall from day to day, so investments may lose value. Morningstar ratings
are specic metrics of performance and do not represent absolute performance of any fund.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly performance,
placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the
next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution
percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance gures associated with its three-, ve- and ten-year (if applicable) Morningstar Rating metrics.
AB Intermediate Diversied Municipal Portfolio was rated 4, 5 and 5 stars among 180, 162 and 108 funds in the category for the three-, ve- and 10-year periods, respectively. AB High Income
Municipal Portfolio was rated 4 stars against 156 and 129 funds in the category, for the three- and ve-year periods respectively. AB National Portfolio was rated 5 stars against 259, 228 and 151 funds
in the category for the three-, ve- and 10-year periods, respectively. AB Income Fund was rated 5 stars against 876, 767 and 560 funds in the category for the three-, ve- and 10-year periods,
respectively. AB Global Bond Fund was rated 4, 5 and 5 stars against 260, 244, and 138 funds in the category for the three-, ve- and 10-year periods, respectively. AB High Income Fund was rated
3, 4 and 5 stars against 604, 507 and 329 funds in the category for the for the three-, ve- and 10-year periods, respectively. AB Large Cap Growth Fund was rated 5, 5 and 4 stars against 1,247, 1,107
and 799 funds in the category for the three-, ve- and 10-year periods, respectively. AB Sustainable Global Thematic Fund was rated 4, 4 and 3 stars against 729, 618 and 360 funds in the category for
the three-, ve- and 10-year periods, respectively. AB Select US Long/Short Fund was rated 4 stars against 199 and 118 funds in the category for the for the three- and ve-year periods, respectively.
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The [A/B] logo is a registered service mark of AllianceBernstein and AllianceBernstein is a registered service mark used by permission of the owner, AllianceBernstein L.P.
2019 AllianceBernstein L.P. Are Not FDIC Insured May Lose Value Are Not Bank Guaranteed

Copyright 2019 Investor's Business Daily Inc.


A18 WEEK OF FEBRUARY 11, 2019 IBD SPECIAL REPORT INVESTORS.COM

Top Funds New Buys Of Top-Performing Stock Funds For Past Three Months
Number of funds buying Number of funds buying
Top Funds Latest Sells
Net number selling
Number of funds buying

Bet Big On Company Symbol Industry Group


R P P
E Total
Mil $
Price S S E 6 Inv Company Symbol Industry Group
R P P
E Total
Mil $
Price S S E 6 Inv Company
ABMIndust
Number of funds selling
Symbol Industry Group 6 66

Netflix, Veeva AnalogDvc ADI Elec Semiconduc 98.86 90 81 17 14 145 Broadcom AVGO Elec Semicondct 268.25 93 92 13 10 893 ABM Bldg Maintenanc 3 1 2
AutoDataPro ADP Comml Svcs Outs 139.84 86 89 28 9 72 AmerElecPwr AEP Utility Electri 8 6 2
Atlassian A TEAM Comp Sftwr Spec 98.40 98 99 140 11 730 AFLAC AFL Insurance Acc H 6 2 4
Boeing BA Aerospace Defen 385.62 89 80 24 24 603 QuakerChem KWR Chemicals Speci 204.46 93 81 34 3 0.3
Medical Supplie 249.46 82 83 22 15 192 Honywell HON Diversified Ope 22 6 16
BectDicksn BDX UnivrslHlth UHS Medical Hospita 132.53 89 90 15 8 5.6

And Splunk BaxterIntl BAX Medical Product 23 10 13


BadgerMeter BMI Machinery Gen I 52.79 88 84 37 1 0.8 HCA Hlthcr HCA Medical Hospita 139.43 94 86 17 19 232
BectDicksn BDX Medical Supplie 24 15 9
CrownHldg CCK Containers Pack 51.00 86 83 10 5 3.9 Cintas CTAS Comml Svcs Outs 187.51 82 94 27 12 27 BlackHills BKH Utility Diversi 6 4 2
DTEEnergy DTE Utility Diversi 117.75 87 86 17 5 218 PaloAltNts PANW Computer Sftwr 214.82 94 98 50 10 83 CMSEnrgy CMS Utility Diversi 7 5 2
Wendy's Co WEN Retail Restaura 17.32 80 80 33 6 12 IntegDev IDTI Elec Semicondct 48.85 97 89 26 1 0 BlackstnMtg BXMT Finance Mortgag 5 1 4
BUYS & SELLS Perkinelmer PKI Medical Researc 90.50 91 80 26 7 43 UnitedHlth UNH Medical Managed 270.20 86 90 21 30 899 Ducmmun DCO Aerospace Defen 2 1 1
GenMotors GM Auto Manufactur 39.02 80 82 6 4 818 Paycom PAYC Computer Sftwr 148.24 96 97 62 12 94 Deere DE Machinery Farm 13 3 10
BY MATTHEW GALGANI HillRom HRC Medical Systems 100.02 89 85 20 5 9.5 TableaSftr DATA Computer Sftwr 127.84 97 95 120 8 48 DTEEnergy DTE Utility Diversi 14 5 9
INVESTORS BUSINESS DAILY Heico HEI Aerospace Defen 84.50 90 86 51 6 70 Adobe Inc ADBE Computer Sftwr 247.82 86 98 36 23 412 Newmkt NEU Chemicals Speci 3 2 1
HormelFds HRL Food Meat Produ 42.32 88 81 23 3 79 Fiserv FISV Financial Svcs 82.93 91 89 29 12 171 FederalRlty FRT Finance Propert 18 10 8

T
he big buys are back. Last IngrslRand IR Machinery Gen I 100.04 85 88 18 8 27 Cadence CDNS Computer Sftwr 48.03 90 93 27 3 0.3 Corning GLW Elec Misc Produ 11 7 4
months report on new buys Southwest LUV Transportation 56.76 82 89 13 6 16 FairIsaac FICO Computer Sftwr 225.20 95 81 34 7 81 GenMotors GM Auto Manufactur 10 4 6
by top funds showed a major S&P Global SPGI Comml Svcs Mark 191.65 80 91 23 19 752 Abiomed ABMD Medical Product 351.07 80 97 102 16 133 GenuinePrts GPC Retail Whlsle A 4 2 2
drop in spending by institu- NorflkSthrn NSC Transportation 167.74 85 84 18 5 0.6 Celgene CELG Medical Biomed 88.46 85 91 10 14 70 GraceWR GRA Chemicals Speci 6 2 4
tional investors in Q4. But spend- Oneok OKE Oil&Gas Transpr 64.21 80 83 25 9 29 Fastenal FAST Retail Whlsle B 60.46 91 85 25 4 16 HillRom HRC Medical Systems 8 5 3
ing rebounded as the market recov- Aon AON Insurance Broke 156.23 91 82 20 7 206 WsteMg WM Pollution Contr 95.67 88 87 24 5 229 Hershey HSY Food Confection 10 1 9
ered, with large investments in Rollins ROL Bldg Maintenanc 37.24 80 83 51 1 3.9 MeritMed MMSI Medical Product 56.53 84 90 36 4 3.5 Eastgroup EGP Finance Propert 12 8 4
PublicStor PSA Finance Propert 212.52 80 80 0 16 306 Salesforce CRM Computer Sftwr 151.97 94 97 73 26 320 IngrslRand IR Machinery Gen I 13 8 5
stocks like NetflixNFLX, SplunkSPLK, JohnsonJn JNJ Medical Diversi 17 15 2
ServiceNowNOW, Veeva Systems Netflix NFLX Leisure Movies 339.50 88 80 127 44 1191 CrownCstlA CCI Finance Propert 117.06 85 95 0 21 327
Medical Product 273.50 82 86 28 14 27 LegetPlatt LEG Hsehold Office 3 1 2
VEEV
and AtlassianTEAM. Teleflex TFX Dorman DORM Auto Truck Repl 85.95 92 89 22 1 0.2 Transportation 10 6 4
Medical Researc 245.67 86 81 22 21 340 Southwest LUV
Each month, we highlight new ThermoFish TMO EdwardsLifes EW Medical Product 170.42 93 94 38 22 426
UntdContntl UAL Transportation 87.27 91 91 10 9 86 Autozone AZO Retail Whlsle A 847.34 93 88 16 4 7 MarshM MMC Insurance Broke 15 10 5
buys by the top-performing funds RegenernPh REGN Medical Biomed 429.27 95 92 20 13 111 MoogA MOGA Aerospace Defen 4 2 2
UnionPacif UNP Transportation 159.07 91 82 20 13 40 NJResources NJR Utility Gas Dis 4 2 2
over the last three months. In Janu- Corvel CRVL Comml Svcs Heal 62.47 91 83 28 1 0.2
Splunk SPLK Computer Sftwr 124.84 95 81 162 42 1141 Eversource ES Utility Electri 10 4 6
arys report, the largest investment Popular BPOP Banks Southeast 54.61 91 91 11 1 6.9 ZebraTech ZBRA Elec Misc Produ 173.60 94 98 17 5 45
in one stock was just $54 million. NovoNrdsk NVO Medical Ethical 7 2 5
ChurchDwght CHD Soap Clng Prepa 64.61 93 81 28 6 40 Biogen BIIB Medical Biomed 333.78 82 89 12 18 611 NYTimes NYT Media Newspaper 5 2 3
In this latest list, Netflix (approxi- DollarGn n DG Retail Discount 115.43 90 90 20 16 58 BostonSci BSX Medical Product 38.15 93 85 26 16 370 Firstenergy FE Utility Electri 5 4 1
mately $1.2 billion from 44 funds) ServiceNow NOW Computer Sftwr 220.02 96 98 78 33 460 USPhysThr USPH Medical Outpnt 105.89 86 86 44 1 0.3 OGEEnergy OGE Utility Electri 6 2 4
and Splunk ($1.1 billion, 42 funds) KLATencor KLAC Elec Semiconduc 106.57 80 91 12 7 130 Steris STE Medical Systems 114.06 88 84 25 13 66 PubSvcEntprs PEG Utility Diversi 10 9 1
both garnered over $1 billion. Veeva Sys A VEEV Computer Sftwr 109.06 98 99 77 14 122 Starbucks SBUX Retail Restaura 68.14 92 82 27 6 109 PublicStor PSA Finance Propert 26 16 10
Ten more stocks, including
BroadcomAVGO ($898 million) and
Atlassian ($730 million), each at-
tracted more than $500 million in Fund Category Performance
investments. Total returns through Jan. 31, ranked by one month
With software holding the No. 1 U.S. Diversified Stock Sector
ranking among 37 sectors, its not Fund category 1 mo 3 mos YTD 1 year 3-year avg 5-year avg 10-year avg Fund category 1 mo 3 mos YTD 1 year 3-year avg 5-year avg 10-year avg
surprising that software stocks led Natural resources
Small-cap value 11.82% -0.97% 11.82% -7.39% 11.66% 4.79% 13.41% 13.10% -7.54% 13.10% -17.96% 3.14% -7.33% 2.75%
the list. Splunk, Atlassian, Service-
Small-cap growth 11.72 0.29 11.72 2.30 16.94 8.06 15.76 Global science/technology 11.84 3.95 11.84 -2.57 21.93 15.32 18.93
Now, Palo Alto NetworksPANW,
Midcap growth 11.10 2.09 11.10 -0.57 14.93 8.74 15.13 Real estate 10.83 6.47 10.83 7.36 7.10 8.32 14.73
Paycom SoftwarePAYC, Sales-
Midcap value 11.08 0.66 11.08 -8.09 10.38 6.07 13.95 Science & technology 10.56 2.34 10.56 -0.74 21.05 13.90 18.36
force.comCRM, and 20 other soft-
Small-cap core 10.83 -0.51 10.83 -5.48 12.27 6.29 13.94 Global natural resources 10.54 -1.46 10.54 -14.09 7.47 -3.97 2.56
ware companies made the grade.
Midcap core 10.08 1.03 10.08 -5.85 11.11 6.41 13.53 Financial services 9.91 -0.64 9.91 -10.18 12.62 7.46 12.67
In a further sign of institutional in-
Multicap growth 9.64 1.65 9.64 -0.53 14.92 9.74 15.36 Health/biotechnology 9.70 2.43 9.70 1.30 13.05 10.02 16.56
terest in the field, two of the top
Large-cap growth 9.37 1.91 9.37 0.32 15.49 11.47 15.66 Precious metals Equity 8.50 18.09 8.50 -8.31 14.83 -0.86 -1.75
five industry groups hail from the
Multicap value 9.20 0.07 9.20 -7.12 11.03 6.90 12.84 Telecommunication 8.24 0.69 8.24 -5.22 7.15 4.75 10.81
software sector: database software
Multicap core 8.62 0.50 8.62 -4.67 11.91 7.99 13.41 Global health/biotech 7.53 2.64 7.53 1.82 8.30 8.33 13.76
and enterprise software.
S&P 500 Index 7.98 0.18 7.98 -2.73 13.49 10.41 14.42 Utility
Tableau SoftwareDATA, which 4.91 3.93 4.91 8.84 10.58 7.93 10.23
Large-cap value 7.86 -0.08 7.86 -5.79 11.42 7.67 12.72
holds the No. 2 ranking in the data- Fixed Income, preliminary
Large-cap core 7.82 0.32 7.82 -3.61 12.66 9.34 13.69
base software industry behind Fund category 1 mo 3 mos YTD 1 year 3-year avg 5-year avg 10-year avg
Equity income 6.90 0.28 6.90 -4.49 10.77 7.60 12.32
Splunk, also made the list. High yield 4.18% 1.04% 4.18% 0.59% 7.46% 3.38% 9.22%
U.S. diversified equity 8.91 0.34 8.91 -3.91 11.83 7.22 13.00
Finance sector stocks, especially Multisector income 2.38 1.81 2.38 0.46 4.80 2.96 6.55
real estate investment trusts Overseas Stock
Fund category 1 mo 3 mos YTD 1 year 3-year avg 5-year avg 10-year avg
Corp. debt BBB rated 2.19 3.17 2.19 0.37 3.74 2.98 5.85
(REITs), also had a major pres- Inflation protected bond 1.57 1.84 1.57 0.42 2.03 0.86 2.98
ence. Crown Castle Internation- Latin American 14.97% 13.36% 14.97% -6.30% 22.13% 2.52% 6.68%
China region 8.81 8.80 8.81 -19.42 12.17 6.16 10.58 GNMA 0.75 2.98 0.75 2.15 0.77 1.46 2.85
alCCI, which received an estimated
Emerging markets 8.54 9.37 8.54 -15.14 11.79 3.35 9.41 General U.S. government 0.52 3.45 0.52 1.90 0.50 1.56 2.43
$327 million from 21 funds, led 20
Pacific ex Japan 7.29 9.90 7.29 -15.25 11.20 5.24 11.53 General U.S. Treasury 0.49 5.66 0.49 2.44 0.55 2.93 3.74
REIT stocks that made the cut.
European region 6.92 -0.21 6.92 -14.98 5.57 1.44 8.44 General domestic taxable 2.47 1.52 2.47 0.62 4.41 2.50 5.90
Top funds also invested heavily
in medical sector stocks. United- Pacific region 6.84 5.26 6.84 -13.04 10.34 5.40 9.70 Sht/intmdt inv grade 1.01 2.16 1.01 1.70 1.96 1.72 3.61
HealthUNH received approximately Japanese 5.52 -1.84 5.52 -14.41 7.06 6.51 9.43 Overall muni 0.62 2.30 0.62 2.40 1.68 3.03 4.15
$899 million in new investments, India region -3.56 6.52 -3.56 -17.53 8.78 10.73 11.12 World income 3.40 4.67 3.40 -2.18 5.14 2.23 5.06
while Edwards LifesciencesEW World equity 7.74 3.47 7.74 -12.77 9.18 3.83 9.45
picked up nearly $426 million Source: Lipper Inc.
Over half of the stocks on both
the IBD 50 and IBD Big Cap 20 also
made this list of new buys by the
best mutual funds. Plus, these top Six-Month Leaders
money managers also picked up
shares in all nine of the names on Top Stock Funds Top Value Funds Top Bond Funds
the Sector Leaders screen. ( B- Rating or Better ) ( B- Rating or Better )
Several stocks on this list are on Performance Performance Performance Performance
both the IBD 50 and Sector Lead- Lst Lst Rtg Lst Lst Rtg Lst Lst Rtg Lst Lst Rtg
Last 3 6 36 Last 3 6 36 Last 3 6 36 Last 3 6 36
ers, including Palo Alto Networks, Mutual Fund Symbol Mth Mos Mos Mos Mutual Fund Symbol Mth Mos Mos Mos Mutual Fund Symbol Mth Mos Mos Mos Mutual Fund Symbol Mth Mos Mos Mos
Paycom, Atlassian and Veeva. AMG Funds YacktmanFd YACKX +5 + 3 + 3 B+ GMO Trust IV CorePlusBd GPBFX +2 + 4 + 4 E
Morgan Stan I MidCapGrI MPEGX +15 + 5 + 7 A+ Amer Cent Inv LegcyFocLg ACFOX +12 + 6 - 1 A+ Neubg Brm Inv LgCapVal NPRTX +7 + 2 + 3 A+ Vanguard Index IntBd VBIIX +2 + 4 + 4 E
Stocks Being Sold Virtus Funds I ZevenInnoGr SCATX +17 + 4 + 7 A+ ARIntlAllVal AllCpVal ADVGX +7 + 1 - 1 A- Copley Copley COPLX +4 + 2 + 2 A- Scout Funds CorPlBdInst SCPZX +1 + 4 + 3 E
Fidelity GrowthOpp FAGOX +12 + 10 + 7 A+ USAA Growth USAAX +9 + 4 - 1 A Madison Mosaic Funds DvndIncY BHBFX +4 + 1 0 B Scout Funds CoreBdI SCCIX +1 + 4 + 3 E
HoneywellHON led the list of AMG Funds YacktFoc YAFFX +6 + 3 + 4 A- PriceFds NewHorizns PRNHX +11 + 1 - 1 A+ DEUTSCHE EquDivA KDHAX +8 + 2 0 A- Oppenheimer A MuniShrt OPITX +1 + 1 + 3 E
stocks being sold, with 16 net sell- Columbia I,T&G SmallGrI CMSCX +15 + 7 + 3 A+ Amer Cent Inv Heritage TWHIX +12 + 3 - 1 B+ Hillman Funds NoLoad HCMAX +10 + 4 0 A Vanguard Admiral IntmdInvGrd VFIDX +2 + 3 + 3 E
ers (22 funds selling minus six buy- ABFunds ConsGr WPSGX +11 + 3 + 2 A Wasatch SmallCapGr WAAEX +13 + 2 - 1 A+ QueensRoad Value QRVLX +7 + 3 0 B JP Morgan R6 MrtgeBack JMBUX +1 + 3 + 3 E
Edgar EdgarLmxVal LOMAX +5 - 1 0 A- TCW HiYieldBd TGHYX +4 + 3 + 3 D-
ing). Baxter InternationalBAX was Neubg Brm Inv SmallGrwth NBMIX +14 + 4 + 2 A+ Mass Mutl Select MidGrEqIIL MMELX +11 + 4 - 1 A Carillon Eagle GrowIncA HRCVX +5 0 - 1 B+ TCW TotRetBdI TGLMX +1 + 3 + 3 E
next with 13 net sellers. Calvert EquityA CSIEX +7 + 3 + 2 A Frank/Tmp Fr A Dynatech FKDNX +11 + 5 - 1 A+ Commerce ValueI CFVLX +5 + 2 - 1 B ProFunds Inv HghYldInv FYAIX +3 + 3 + 3 D-
J Hancock A USGlbLdGr USGLX +8 + 3 + 2 A- PriceFds MidCapGr RPMGX +10 + 3 - 1 A American Funds A MutualA AMRMX +5 + 1 - 1 B Dimensional IntrmExQlt DFTEX +2 + 4 + 3 E
Value Line LargerCo VALLX +15 + 9 + 2 A+ Nicholas LtdEditI NCLEX +9 0 - 1 A Vanguard Index MegaCap VMVLX +6 0 - 1 B+ TCW CoreFxdIncI TGCFX +1 + 3 + 3 E
Value Line MidCap VLIFX +8 + 3 + 2 A VOYA Fds A TRPDivMCA IAXAX +11 + 4 - 1 A Amer Cent Inv EquityInc TWEIX +6 + 2 - 2 B- WesMark Funds GovtBond WMBDX 0 + 3 + 3 E

How To Read Morgan Stan Ins Instgrowth

Amana Growth
MSEQX
Jensen Inv Management QualtGrowJ JENSX
AMAGX
+12
+7
+7
+ 5
+ 1
+ 1
+
+
+
1
1
1
A+
A
A
Legg Mason A CBEqtyInc
Vanguard DivApprIdx
Price MidCapEqGrI
SOPAX
VDAIX
PMEGX
+7
+6
+10
+
+
+
2
1
3
-
-
-
1
1
1
B
B+
A
Voyainvestment CorpLdrTr
USAA IncomeStk
Columbia Z DivIncZ
Delaware Instl ValueInst
LEXCX
USISX
GSFTX
DDVIX
+8
+7
+6
+7
+
+
2
2
0
0
- 2 A- Northern BondIndex
- 2 B- Columbia Z IntmdBond
- 2 B North Country Fds IntmdBond
- 2 B Payden Funds GNMA
NOBOX
SRBFX
NCBDX
PYGNX
+1
+2
+2
+1
+
+
+
+
3
4
3
4
+
+
+
+
3
3
3
3
E
E
E
E

Buys & Sells Delaware A SMIDCapGrow


Transamerica A CapGrwA
Madison Funds Investors
DFCIX
IALAX
MINVX
+17
+12
+6
+ 1
+ 4
+ 1
+
+
+
1
1
1
A+
A+
A-
Russell Funds S USDefEqS
Parnassus CoreEqInv
PriceFds TxEffEq
REQTX
PRBLX
PREFX
+6
+6
+11
+
+
+
1
2
3
-
-
-
1
1
1
B-
B
A
Heartland SelValInv
Vanguard Index ValueIndx
Northern LrgCapValue
HRSVX
VIVAX
NOLVX
+9
+7
+9
+

+
1
0
1
- 2 A- Doubleline Funds TotRtrnBndI
- 2 B+ Prudential A TotRetBd
- 2 B- Baird AggregteBd
DBLTX
PDBAX
BAGIX
+1
+2
+1
+
+
+
3
4
3
+
+
+
3
3
3
E
E
E
Wasatch UltraGrow WAMCX +12 + 4 + 1 A+ Janus Henderson Growth&Inc JAGIX +6 + 1 - 1 A Vanguard Index HighDivYldI VHDYX +6 0 - 3 B- Vanguard Index TotBdMrkt VBMFX +1 + 3 + 3 E
PriceFds LgCpGrInstl TRLGX +11 + 4 + 1 A+ Oak Associates WhtOakSelGr WOGSX +10 + 5 - 1 A Fidelity LgValEnhIdx FLVEX +8 0 - 3 B Frank/Tmp Fr A StratMortg FSMIX +1 + 3 + 3 E
Ever wonder if the investment Asstmgmt BMODivIncI MDIVX +7 0 - 3 A- SEI Port GNMAA SEGMX +1 + 3 + 3 E
AMG Funds FrntSmCpGr MSSYX +17 + 7 + 1 A+ William Blair I Growth BGFIX +8 0 - 1 A
professionals know something you FBP Funds Eqt&DivPl FBPEX +7 - 1 - 3 B Federated Instl Mortgage FGFIX +1 + 3 + 3 E
Vanguard DividendGr VDIGX +6 + 2 0 B Mairs & Power Growth MPGFX +7 + 1 - 1 B Vanguard EquityInc VEIPX +6 + 1 - 3 B- GuideStone G4 MedDurBdInv GMDZX +2 + 4 + 3 E
dont about your stock? Would you
ABFunds A GrowthA AGRFX +10 + 4 0 A+ Janus Aspn Inst Enterprise JAAGX +10 + 3 - 1 A+ Lord Abbett A Affiliated LAFFX +7 0 - 3 B Metro West IntmdBondI MWIIX +1 + 3 + 3 E
like to get an early signal about Federated A KaufSmlCap FKASX +10 + 5 0 A+ BlackRock Instl EqInstl CMGIX +11 + 3 - 1 A+ Principal Investors EqIncA PQIAX +7 + 1 - 3 B+ JP Morgan Selct CoreBond WOBDX +1 + 3 + 3 E
when institutional investors PriceFds DividendGr PRDGX +7 + 2 0 B+ Integrity Mutual Growth&IncA IGIAX +6 + 2 - 1 B TIAA-CREF Instl LgCpValIdx TILVX +8 0 - 3 B- Vanguard Admiral GNMA VFIJX +1 + 3 + 3 E
especially the best ones are Praxis ValueIdxA MVIAX +9 + 1 - 3 B JP Morgan Selct CorePlusBd HLIPX +1 + 3 + 3 E
Morgan Stan Ins SmCoGrI MSSGX +15 + 5 0 A PriceFds NewAmerGr PRWAX +10 + 3 - 1 A+ TIAA-CREF Instl RetirementLgCpValIdxTRCVX +8 0 - 3 B- Fidelity MortgSecs FMSFX +1 + 3 + 3 E
getting in or out of certain stocks? Hartford HLS IA Stock HSTAX +6 + 2 0 B Brown Advisory GrEqInv BIAGX +9 + 3 - 2 A
Principal Investors LgValIII PLVIX +7 0 - 4 B- Legg Mason I CorePlusI WACPX +2 + 5 + 3 E
New Buys Of Top-Performing Touchstone SandCpInsGr CISGX +15 + 10 0 A+ Dreyfus ThirdCentZ DRTHX +7 0 - 2 B- Fidelity EqtyInc FEQIX +7 0 - 4 B- Parnassus FixedInc PRFIX +2 + 3 + 3 E
Stock Funds For The Past Three ABFunds A LrgCpGrow APGAX +9 + 3 0 A RealFds GrEqInv GGEZX +10 + 4 - 2 A Hartford HLS IA Div&Gr HIADX +6 0 - 4 B+ SEI Port CoreFxIncA TRLVX +1 + 4 + 3 E
Months and Top Funds Latest AMG Funds RenLgCpGr MRLSX +11 + 4 0 A- TCW SelectEqI TGCEX +11 + 4 - 2 A Hartford A EqtyInc HQIAX +7 + 1 - 4 B- PgimInvest PruCore TAIBX +1 + 3 + 2 E
Value Line PremierGrow VALSX +8 + 4 0 A- Janus T Shrs Enterprise JAENX +10 + 3 - 2 A+ Wells Fargo Ad C&BLrgVal CBLLX +11 + 2 - 4 B Baird IntmBdInst BIMIX +1 + 2 + 2 E
Sells give you that. They tell you Snow Capital OpportunI SNOIX +8 - 1 - 4 B- Wells Fargo A IncomePlus STYAX +2 + 4 + 2 E
Harbor MidGrInstl HAMGX +14 + 7 0 A+ AdvisorTwo FrCrGrInst FICEX +10 + 4 - 2 A
where the smart money is flow- Artisan Funds SmallCapInv ARTSX +15 + 3 A+ FMI LargeCap FMIHX +7 + 2 B+
Hartford A Div&GrA IHGIX +6 0 - 4 B New Covenant Income NCICX +1 + 3 + 2 E
0 - 2 Columbia A DvrsEqInc INDZX +9 0 - 4 B- Nationwide BondIS MUIBX +1 + 3 + 2 E
ing. Use the tables to spot new AMG Funds FQLngSht MEQFX +3 + 1 0 A- PriceFds Growth&Inc PRGIX +7 + 1 - 2 B BlackRock A AdvLarCap MDLVX +8 0 - 4 B ABFunds IntmdDur SIIDX +1 + 3 + 2 E
ideas that mutual funds have Fidelity FocusedStk FTQGX +8 + 2 0 A+ Mass Mutl Select FocusVal MFVSX +6 + 1 - 2 A+ Pace Funds P LrgCoVal PCLVX +9 0 - 4 B- Pace Funds P IntmdFixed PCIFX +1 + 3 + 2 E
begun to recognize, and those Harbor MidGrAdm HRMGX +14 + 7 0 A+ PriceFds USLgCore TRULX +7 + 1 - 2 B Federated Funds MDTLarVal FSTKX +7 0 - 4 B- Baird CorPlsBdIns BCOIX +1 + 3 + 2 E
stocks falling out of favor with the Lord Abbett A GrowthOpp LMGAX +10 + 5 0 B+ Dreyfus DreyfusFund DREVX +7 0 - 2 B+ FAM Funds Value FAMVX +6 + 1 - 4 B- AMG Funds CoreBdI MBDFX +1 + 3 + 2 E
top managers. Touchstone SandSelGrZ PTSGX +15 + 9 0 A+ Putnam A GrowthOpp POGAX +9 + 2 - 2 A+ Diamond Hill Funds LrgCapA DHLAX +9 0 - 4 B Federated A USGovtSecs FUSGX +1 + 3 + 2 E
MFS Funds A MAInvGrSk MIGFX +8 + 3 - 1 A Boston & Walden Equity WSEFX +7 0 - 2 B+ Paradigm Value PVFAX +9 + 1 - 4 A Morgan Stan Ins CorPlFxdI MPFIX +2 + 3 + 2 D-
The New Buys list includes only Northern LrgCapCore NOLCX +8 0 - 4 B Schroder TRFxIncInv SBBIX +2 + 3 + 2 E
PriceFds LgCoreGr TPLGX +11 + 5 - 1 A+ Boston & Walden Equity BTEFX +6 0 - 2 B+
new buys of the top 30% of stock Schwab FdUSLg SFLNX +8 - 1 - 4 B Mainstay I IndexedBd MIXIX +1 + 3 + 2 E
Parnassus Parnassus PARNX +10 + 2 - 1 B+ PgimInvest JennFocGrA SPFAX +11 + 5 - 2 A+ Quaker SmCapValA QUSVX +10 + 2 - 4 B DealwareInv CorePlusFix DCPFX +2 + 3 + 2 E
funds ranked by three-month Northern IncomeEq NOIEX +7 - 1 - 4 B- Praxis ImpactBondA MIIAX +1 + 3 + 2 E
Amer Cent Instl NTHeritage ACLWX +12 + 3 - 1 A- JP Morgan Fds MidCapGr HLGEX +12 + 3 - 2 A
performance. Companies are Natixis GrowthY LSGRX +8 + 4 - 1 A VOYA Fds T,M,Q&I TRowPriceGr ITGIX +11 + 4 - 2 A+ Fidelity MdCpEnhIdx FMEIX +11 + 3 - 4 B Harbor BondInstl HABDX +1 + 3 + 2 E
sorted by the highest combined PriceFds DiverMidGr PRDMX +11 + 4 - 1 A PriceFds GrowthStk PRGFX +11 + 4 - 2 A+ Homestead Value HOVLX +6 + 2 - 4 B+ Vanguard Instl STCorpBdIdx VSTBX +1 + 2 + 2 E
Earnings Per Share (EPS) and Federated A KaufmanLrg KLCAX +9 + 3 - 1 A AT Funds DiscplEq AWEIX +7 0 - 2 A-
Relative Price Strength (RS) Rat- Marsico 21stCentury MXXIX +10 + 2 - 1 A Asstmgmt BMOMidGrI MRMIX +11 + 3 - 2 A Top Balanced or Asset Allocation Funds
ings. The number of top-perform- PriceFds BlueChipGrw TRBCX +11 + 5 - 1 A+ Mass Mutl Select GrwOppR5 MGRSX +11 + 5 - 2 A
Performance Performance
ing funds that bought the stock in Principal Investors LgCapGr PLGIX +10 + 3 - 1 A+ American Funds A WashMutlA AWSHX +6 + 1 - 2 B+ Lst Lst Rtg Lst Lst Rtg
the latest reporting period is given. Bridgeway BluChp35Idx BRLIX +7 0 - 1 B+ Federated A MDTMdGrStr FGSAX +12 + 3 - 2 A+ Last 3 6 36 Last 3 6 36
Mass Mutl Select BlueChipGrL MBCLX +10 + 5 - 1 A+ Frank/Tmp Fr A SmMdCapGr FRSGX +11 + 4 - 2 A- Mutual Fund Symbol Mth Mos Mos Mos Mutual Fund Symbol Mth Mos Mos Mos
The Total Mil$ Invested column Lord Abbett A DvlpGrwth LAGWX +16 + 2 - 1 A+ Virtus Funds A MidCapGrow PHSKX +11 + 2 - 2 A+
shows the amount of money, in Frank/Tmp Fr A ConvSecs FISCX +8 + 5 + 3 A+ Principal Investors StrAFlxInA SAUPX +3 + 2 0 D-
PriceFds CapApprc PRWCX +7 + 4 + 3 B- Fidelity AsstMgr20% FASIX +3 + 2 0 E
millions, the funds put into each GMO Trust VI AstAllocBd GABFX +2 + 3 + 2 E New Covenant BalIncome NCBIX +4 + 2 0 D-
stock. Top Industry Funds Fidelity ConvrtSecs FCVSX +8 + 4 + 2 C+ PIMCO Inst l AllAsset PAAIX +4 + 4 0 C-
The column reflects both new Performance Performance Fidelity Adv A ConvSec FACVX +8 + 4 + 2 C+ Green Century Balanced GCBLX +5 + 3 0 D+
positions and additions to existing Lst Lst Rtg Lst Lst Rtg Vanguard LifeIncome VASIX +2 + 3 + 1 E PIMCO Inst l AllAsstAuth PAUIX +4 + 4 0 D+
Last 3 6 36 Last 3 6 36 Columbia ConvSecsZ NCIAX +8 + 5 + 1 A- Fidelity Adv A AsstMgr20% FTAWX +3 + 2 0 E
ones. Prices, EPS and RS Ratings, Mutual Fund Symbol Mth Mos Mos Mos Mutual Fund Symbol Mth Mos Mos Mos Value Line AssetAlloc VLAAX +6 + 3 + 1 C+ Legg Mason A DefGr SBCPX +4 + 3 0 D-
and P/E are from the month-end Midas Midas MIDSX +10 + 21 + 8 A+ Vanguard Index UtilIdxAdm VUIAX +4 + 3 + 5 C+ Hundredfold SelAltSvc SFHYX +4 + 3 + 1 D- Manning & Napier ProBlndConS EXDAX +3 + 2 0 E
close. Stock charts are available at Fidelity HealthCare FSHCX +9 0 + 6 A+ Oppenheimer A Gold&SpMin OPGSX +10 + 17 + 5 A+ BlackRock A Tactiopp PCBAX +2 + 1 + 1 D- Wells Fargo Tgt2020R6 WFOBX +4 + 3 0 D-
Investors.com. DWS Funds A RealEstateA RRRAX +11 + 8 + 6 D Stratton RealEstate STMDX +11 + 8 + 5 C-
Madison Funds DiversIncA MBLAX +3 + 2 + 1 D+ USAA TarRetInc URINX +3 + 2 0 D-
The Latest Sells list tallies the Wells Fargo A Util&Telcm EVUAX +5 + 4 + 6 C+ Principal Investors RealEstSecI PIREX +11 + 7 + 5 D+
Firsthand Funds TechOpp TEFQX +17 + 11 + 5 A+ Wells Fargo Tgt2010R6 WFOAX +3 + 3 + 1 E Mairs & Power Balanced MAPOX +4 + 2 0 D+
number of top-performing funds Frank/Tmp Fr A Utilities FKUTX +5 + 5 + 6 C+ Wells Fargo A TgtToday STWRX +3 + 3 + 1 E Mass Mutl Select RtsmrtConsA MCTAX +3 + 3 0 E
ICON UtilityS ICTUX +6 + 6 B Cohen & Steers GlblRltyA CSFAX +10 + 9 + 5 D+
that were net sellers of each stock + 6 Vanguard WellslyInc VWINX +3 + 3 + 1 D- Nationwide Funds Srvice InvDestCon NDCSX +3 + 2 0 E
Cohen & Steers RltyShrs CSRSX +12 + 8 + 5 D
Dimensional RealEstate DFREX +11 + 8 + 6 D+ Columbia A IncomeBldr RBBAX +4 + 3 + 1 D+ Fidelity Freedom 2005 FFFVX +3 + 2 0 D-
in the funds latest reporting peri- Amer Cent Inv GlbGold BGEIX +7 + 19 + 6 A+
Amer Cent Inv RealEstate REACX +11 + 7 + 5 D-
JOHN HAN LSConserv JILCX +3 + 3 0 E GuideStone G4 ConsAlloInv GFIZX +3 + 2 0 E
od. Because some funds bought the TIAA-CREF Instl RealEstSecs TIREX +11 + 7 + 5 C-
Frank/Tmp Fr A Gold&Prec FKRCX +11 + 20 + 5 B-
Fidelity Adv Free A Income FAFAX +2 + 2 0 E Putnam A ConvtSec PCONX +8 + 4 0 B+
same stocks sold by others, we also Rydex Investor Utilities RYUIX +4 + 3 + 5 C+
ProFunds Inv UtiliUlSec UTPIX +5 + 3 + 5 B PgimInvest Utility PRUAX +6 + 6 + 5 B- Calamos ConvertA CCVIX +6 + 3 0 C+ Amer Cent Inv OneVeryCon AONIX +3 + 2 0 E
looked at the total number of buy- TIAA-CREF FUNDS RlEstSecPrm TRRPX +11 + 7 + 5 C- Neubg Brm Tr RealEstate NBRFX +10 + 7 + 5 D Fidelity Income FFFAX +2 + 2 0 D- Vanguard TxMgdBal VTMFX +4 + 2 0 D+
ers of each stock. Wells Fargo A PrecMet EKWAX +8 + 20 + 5 B+ Fidelity RealEstate FRESX +11 + 7 + 5 D Value Line Inc&Growth VALIX +12 + 7 0 A- Fidelity Adv Free A 2005 FFAVX +3 + 2 0 D-

Copyright 2019 Investor's Business Daily Inc.


INVESTOR'S BUSINESS DAILY IBD SPECIAL REPORT WEEK OF FEBRUARY 11, 2019 A19

Hartford Fund Aims For Market-Leader Stocks


products, another singles and dou-
RUEDI FROM A16 bles hitter?
Ruedi: Such as high barriers to Ruedi: Steris provides steriliza-
entry, strong cultures, innovation. tion technology and equipment to
If youre not a market leading com- health-care providers. Its an at-
pany, during times of market stress tractive segment within health
youll have a hard time competing care.
and protecting your profits. In the last few years, theres been
If you are a blue chip, you can significant focus on hospital inspec-
grow your business and take mar- tions and infections. So Steris prod-
ket share at the expense of your ucts are important. And there are
competitors. few competitors, especially in ap-
IBD: Amid market volatility and plied sterilization, a service that is
investors wondering whether absolutely required.
were headed for a recession, will In many cases, there are good bar-
that impact your investment ap- riers to entry. When a company de-
proach in 2019? velops a product, as part of its appli-
Ruedi: We take a longer time ho- cation to the Food & Drug Adminis-
rizon than one year. Our average tration it must specify which steril-
holding period is three to four ization must be used to clean the
years. equipment.
So we think about a stocks pros- IBD: Is Fair IsaacsFICO widely
pects over what may be an entire used consumer credit score a barri-
market cycle. Even with the recent er to entry by rivals?
volatility, we havent changed our Ruedi: That score is a sustain-
approach dramatically. able, defendable product. Other
We continue to focus on compa- credit bureaus have tried to come
nies we think can grow from mid- Hartford Midcaps Phil Ruedi, right, and Mark Whitaker like Veeva Systems expansion beyond health care. up with alternative scores. But
cap market leaders to larger-cap many banks and financial institu-
market leaders. Were generally kets that do not have the scale or ing. We like the waste manage- This new management can take tions, a lot of their software is writ-
overweight in health care, industri- scope to maintain their own large, ment industry. Its grown quite ra- Hill-Rom to the next level. Organic ten to use Fair Isaacs FICO score.
als and technology. We focus on specialized IT staff. tionalized during the past 20 years. growth should accelerate over the So that gives Fair Isaac a high bar-
companies whose performances That includes areas such as educa- It went from a rollup industry of next two to three years. And mar- rier to entry and the ability to raise
are not driven by economic sensi- tion, government, small health large companies making acquisi- gin expansion should continue. pricing. And they have a new man-
tivity. We focus on companies with care providers, small business own- tions to a more stable industry, IBD: Why do you like National agement team over the past two to
more control over their own desti- ers and other small enterprise cli- where companies are more fo- InstrumentNATI more than other three years that is leveraging that
nies. ents. cused on returns on capital, alloca- testing and measurement compa- score and their data into new soft-
IBD: Lets talk about some of That variety of clients forces tions of capital. nies? ware products that they can sell to
those companies. Veeva Systems CDW to be diversified. That makes Waste Connections is a market Ruedi: They provide products to customers.
programs help mainly drug compa- theirs a fairly stable business leader in the western U.S. and help technology manufacturers do IBD: Of all of the heating-ventila-
nies manage sales, control opera- model, which should grow two to other areas. They focus on where initial tests of things theyre pro- tion-air-conditioning (HVAC)
tions and comply with regulations. three percentage points above over- they can have high market share, ducing. When a new smartphone is companies, why do you like Len-
Is part of their appeal their expan- all technology spending. usually through special contracts made, the manufacturer uses equip- nox InternationalLII?
sion beyond health care into manu- IBD: Why does PRA Health with municipalities, which pro- ment from National to test wheth- Ruedi: Demand is regular. Any
facturing, cosmetics and chemi- show such steady annual earnings vides a lot of stability to their cash er the phone works to its specifica- time an air-conditioning system or
cals? per share growth? flows and margins. tions. furnace breaks, it gets fixed imme-
Ruedi: Their initial focus was on Ruedi: Theyre a contract re- Its essentially like a utility that is National has been a market-share diately. And the customer base is
customer service management for search organization, which serves able to grow through modest acqui- gainer for over five to 10 years. very sticky. Many customers are
large pharmaceutical and other primarily mid- and large-size bio- sitions, allocating their cash flows Their focus is more on (their own) small contractors. Theyre loyal.
large health care companies. Clini- tech and pharmaceutical compa- to dividends or repurchases of software-focused solutions than But individually they dont have a
cal trials have become more data in- nies. Clinical trial outsourcing con- stock, returning capital to share- hardware-focused solutions, so lot of pricing power.
tensive as pharmaceutical compa- tinues to accelerate. holders, and slowly expanding. their margins are higher than the IBD: Describe your work dynam-
nies focus on smaller and smaller The second thing thats attractive IBD: Hill-Rom HoldingsHRC industry average. ic with each other.
patient populations. Theres still is that in 2017 they acquired Sym- looks like another low-key compa- IBD: You like this space enough Mark Whitaker: For one thing,
potential for business expansion phony Health Solutions, which has ny. It rents equipment like beds to to own another stock here, right? Im a Kansas Jayhawk (which is
there. a database of 280 million lives. PRA hospitals. Why did you add this Ruedi: Yes, Keysight Technolo- the nickname for fans of the Univer-
We are also positive on their op- can lever that to help design better newcomer to the portfolio? giesKEYS is another test and measure- sity of Kansas athletic teams), and
portunities to expand beyond clinical trials than their competi- Ruedi: We initiated the position ment company and competitor of Phil is a (University of Michigan)
health care, including in consumer tors or drug companies can. in August. Our thesis is that this is a National Instrument. Wolverine. We cant help but look
package goods and chemicals. Lots of trials focus on smaller pop- diversified provider of health-care Were positive on this industry be- forward to the end of the college
Like other software-as-a-service ulations. That makes finding pa- equipment mostly to hospitals and cause their services are needed basketball season to see who will
(SaaS) companies, they benefit tients harder. With their Sympho- other health-care providers. more and more as more semicon- have bragging rights.
from re-engineering of old technol- ny data and other data, PRA is Due to acquisitions last year and ductor chips are embedded in Phil and I joined the firm two
ogy infrastructure to a new way of uniquely positioned to go to phar- in 2016 and 2017 of Mortara Instru- more things that didnt have them days apart in 2004. Phil holds his
buying technology and software. maceutical companies and offer ment and Welch Allyn, Hill-Rom before, like cars and appliances. So two days of seniority over my head.
As market leader in their indus- their services because they can was able to expand its growth rate the need for testing and measure- Weve sat next to each other for
try, they have an advantage. And identify patients so companies can and margins. It recent hired a new ment grows. 15 years. Our offices have glass
that advantage is sustainable. design trials for their drugs. CEO (John Groetelaars), who And Keysight has done acquisi- walls. We cant escape each other.
IBD: Do CDWs singles and dou- IBD: Unlike many stocks, Waste came from another large diversi- tions to expand into other markets Were in each others office each
bles stem from its diverse clien- ConnectionsWCN share price has re- fied health-care supply company, such as 5G wireless communica- day, challenging each other re-
tele? gained everything it lost during the Becton DickinsonBDX, which dem- tions, where they are providing garding stocks, that is. And each
Ruedi: Theyre a value-added re- third and fourth quarter market de- onstrated ability to accelerate or- products for other growth areas. Friday we talk position sizes, trad-
seller and distributor of software cline. Whats the driver? ganic growth rate and expand its IBD: Is SterisSTE, which makes in- ing and risk and future research pri-
and technology to various end mar- Ruedi: This is a longtime hold- margins. fection prevention and surgical orities.

36 Mos Fund 2019 12 Wk 5 Yr Net NAV 36 Mos Fund 2019 12 Wk 5 Yr Net NAV 36 Mos Fund 2019 12 Wk 5 Yr Net NAV 36 Mos Fund 2019 12 Wk 5 Yr Net NAV 36 Mos Fund 2019 12 Wk 5 Yr Net NAV
MUTUAL FUND PERFORMANCE Performance
Rating
% % After Asset Chg Performance
Chg Chg Tax%Value Rating
% % After Asset Chg Performance
Chg Chg Tax%Value Rating
% % After Asset Chg Performance
Chg Chg Tax%Value Rating
% % After Asset Chg Performance
Chg Chg Tax%Value Rating
% % After Asset Chg
Chg Chg Tax%Value
36 Mos Fund 2019 12 Wk 5 Yr Net NAV 36 Mos Fund 2019 12 Wk 5 Yr Net NAV 36 Mos Fund 2019 12 Wk 5 Yr Net NAV A+ EqInvA +13 + 5 +72 21.77 +.16 A SmCpVal +13 2 +29 39.78n .16 $ 14.0 bil 8003468893 A EquityGr + 9 + 1 +66 11.04 +.03
Performance % % After Asset Chg Performance % % After Asset Chg Performance % % After Asset Chg D Glob Alloc + 5 + 1 +11 18.13 .02 C Columbia Funds A BasS&P500 + 8 1 +60 51.97n +.05 A+ GrowthOpp +12+ 11 +89 73.63 +.09
Rating Chg Chg Tax%Value Rating Chg Chg Tax%Value Rating Chg Chg Tax%Value A+ GrwtInv +10 + 3 +67 11.07 +.04 Calvert Group $ 28.0 bil 8003456611 A+ Boston +18 + 7 +55 21.23n +.21 A InsightsZ x +10 + 2 +55x29.68n .15
A+ InvTechn +13 + 7+119 27.02 +.17 $ 11.6 bil 8003682745 A ConvSecsZ +10 + 6 +33 20.63n +.08 DREYFUS Z A LargeCap +10 2 +40 28.08 .06
For Friday, February 8, 2019 $ 15.2 bil 8002215672 American Funds A
A LarCapGrInv +10 + 1 +41 14.28 +.03 A EquityA + 8 + 1 +58 44.99 +.25 A+ SelCom&Inf +16 + 7+107 74.44n +.42 $ 3.6 bil 8003468893 A+ SmallGrowA r +13 + 2 +59 22.91 +.12
A+ DiscovGrB +15 + 4 +36 5.62n +.03 $ 1129 bil 8004218511
A EquityC + 8 + 1 +47 24.87n +.14
A Alliance Brnstn C A AMCAP + 8 + 1 +53 30.15 +.03 A SciOpInvA
A SmCapGr
+ 6 + 0 +75 56.62 .03
+13 + 2 +20 12.45 +.06 CGM Funds
A+ SelGlob
A+ SeligCom
+16 + 7+106 37.72n +.19
+15 + 7+106 74.08n +.41
A ReseGrwZ +10 + 3 +51 14.52n +.04 E TotalBond r + 2 + 3 +6 10.41 +.01
Fidelity Adv C
ABFunds $ 37.3 bil 8002215672 E BdFdAm + 1 + 3 +8 12.69 +.01 DWS Funds A
A SmlCapIdx +12 1 +34 18.87n +.01 $ 1.7 bil 8003454048 CRM Funds $ 12.2 bil 8007283337 $ 157 bil 8003433548
$ 7.8 bil 8002215672 A+ DiscovGrC +15 + 4 +37 5.69n +.03 D CapIncBldr + 4 + 0 +16 58.70 +.05
A ValueOpps + 9 + 0 +28 25.26 +.04 C Focus + 2 9 +12 40.76n .34 $ 2.0 bil 8002762883 A LgCpFocGrw + 9 + 0 +58 43.38 +.11 A Advisor + 8 1 +37 21.61n +.02
A ConsGr +11 + 2 +71 35.73n +.12 A+ SmCapGrC +15 + 3 +34 29.16n +.09 C CapWldG&I + 7 + 1 +26 45.63 .09
BlackRock BlRk C Mutual + 8 + 0 +17 28.64n .02 A CapValInst +10 + 0 +28 20.40n +.09 A+ Technology +10 + 2 +67 20.54 +.06 A EquityGrow r + 9 + 1 +59 9.26n +.02
ABFunds A Alliance Brnstn I D+ EuroPacGr + 7 + 2 +17 48.18 .34
$ 12.3 bil 2128105596 Champlain A MidCapInv +10 + 0 +27 19.56n +.09 DWS Funds C A+ GrowthOpp r +12+ 11 +81 62.97n +.08
$ 46.7 bil 8002215672 $ 4.4 bil 8002215672 B+ FndmntlInv + 8 + 0 +52 56.30 .10
A+ CapAppK +10 + 3 +63 27.99n +.11 $ 3.4 bil 8667733238 $ 4.5 bil 8007283337 A NewInsight x +10 + 2 +47x24.79n .15
A+ DiscovGrA +15 + 4 +46 10.04 +.06 A+ SmCapGrI +15 + 3 +46 54.34n +.18
Alliance Brnstn K
A GrFdAmer
B InvCoAm
+ 9 + 2 +60 46.55 +.03
+ 6 2 +41 35.89 +.04 BlackRock C A+ MidCap b +12 + 4 +71 18.55n +.09 DE A DCrociC + 8 1 +46 53.42n +.02 A+ SmallGrowA r +13 + 2 +53 20.23n +.11
A GlbThmtGrw + 7 + 1 +48 104.91 .33 A+ SmallCo +11 + 0 +52 18.82n +.06 DealwareInv
A+ GrowthA +11 + 3 +84 73.11 +.48 $ 5.2 bil 8002215672 B New Pers + 8 + 2 +44 40.64 .10 $ 145 bil 2128105596 A+ Technology +10 + 2 +56 13.13n +.04 E TotalBond r + 2 + 3 +4 10.41n +.01
A AdvLarCap +10 + 1 +36 12.19n +.03 Columbia A $ 5.8 bil 8776933546 DWS Funds S Fidelity Adv I
A LrgCpGrow +10 + 3 +83 48.73 +.27 A+ SmCapGrK +15 + 3 +44 50.82n +.16 B New World + 8 + 4 +21 61.68 .28
A CapAppInvC +10 + 3 +50 18.19n +.08 $ 156 bil 8003456611 A+ EmergMkts + 8 + 5 +27 18.02 .06 $ 15.5 bil 8007283337 $ 174 bil 8003433548
A+ SmCapGrA +15 + 3 +43 49.38 +.16 Alliance Brnstn R A NewEcon + 9 + 4 +50 42.46 .06
A EmgMkts + 9 + 6 +23 18.47n .02 A AcornA +11 + 0 +19 11.86 +.02 Delaware A A CapGrowth +10 + 2 +60 72.27n +.24 A DiverStck + 8 1 +44 23.93n +.02
ABFunds ADV $ 5.0 bil 8002215672 B+ SmCpWrld + 9 + 2 +34 51.30 +.04
A+ EqInvC +13 + 5 +65 16.97n +.13 A AcornSel +11 1 +22 11.46 .03 $ 20.8 bil 8776933546 Eagle Funds A EquityGrow + 9 + 1 +68 12.18n +.03
$ 34.7 bil 8002215672 A+ DiscovGrR +15 + 4 +43 9.32n +.05 D TheInFdAm + 4 + 0 +26 21.55 +.01
C+ Equity Div + 7 2 +17 19.10n +.00 A+ AcorUSA +14 + 2 +24 11.67 +.02 A+ SMIDCapGrow +19 + 6 +57 22.79 +.15 $ 16.4 bil 8002373101 A+ GrowthOpp +12+ 11 +92 79.64n +.10
A LrgCpGrow +10 + 3 +86 53.49n +.31 A+ SmCapGrR +15 + 3 +41 47.47n +.15 B+ WashMutlA + 6 1 +50 43.71 .01
E GlobAlloc + 5 + 1 +7 16.25n .01 A ActiveM +11 + 3 +48 13.44n +.04 A SmlCpGrow +13 + 3 +34 14.16n +.08 A MidCpGrowA +13 + 3 +60 56.65 +.13 A LargeCap +10 2 +41 29.58n .06
ABFunds B Allianz A Amerindo Funds
A HealthInvB + 6 + 0 +68 49.38n .04 A Conv Secs +10 + 6 +32 20.59 +.08 Delaware C A MidCpGrowC +13 + 3 +54 44.54n +.10 A NewInsight x +10 + 2 +54x29.65n .16
$ 20.1 bil 8002215672 $ 11.1 bil 8777169787 $ 85.4 bil 8888324386
A+ LarCpFocInv +10 + 3 +58 8.14n +.03 A LargeCapA +10 + 1 +43 16.59 +.07 $ 8.4 bil 8776933546 A SmCapGrA +13 + 1 +33 47.52 +.13 A+ SmallGrowI r +13 + 2 +61 24.04n +.12
A Growth +11 + 3 +70 33.23n +.21 A FocGrowth +11 + 2 +59 48.40 +.09 C CpWrldGI + 7 + 1 +27 45.65n .09
A SmCapGr +13 + 1 +8 5.45n +.02 A LargeGrA +10 + 1 +63 38.40 +.15 A LrgCpGrow +10 + 3 +52 13.04n +.02 Eaton Vance A E TotalBond + 2 + 3 +7 10.39n +.01
A LrgCpGrow + 9 + 3 +73 34.88n +.19 A+ TechA +14 + 9 +85 58.43 +.59 AMG Funds
A ValueOpps + 9 + 0 +21 16.23n +.02 A LargeGrow + 9 + 1 +64 8.50 +.01 A SMIDCapGrow +19 + 6 +42 9.81n +.06 $ 57.0 bil 8002256265 Fidelity Freedom
A+ SmCapGr +15 + 3 +33 28.61n +.09 Allianz Admin $ 45.4 bil 8005484539
BlackRock Instl A LrCorQuant + 8 + 0 +62 11.44 +.00 Delaware Instl A AtlSmidCap +10 + 0 +63 29.45 +.07 $ 216 bil 8003433548
ABFunds C $ 3.7 bil 8777169787 A Brandywine +10 + 4 +60 49.61n +.14
$ 157 bil 2128105596 A LrgCapCore + 8 + 0 +52 13.52 +.06 $ 21.5 bil 8776933546 A LgCapGrow +10 + 3 +68 25.93 +.01 D+ 2020 + 5 + 2 +24 15.37n .01
$ 24.6 bil 8002215672 A NFJMidCap +11 + 0 +43 29.68n .01 A+ SpcEQFdInst +13 + 1 +54 134.35n +.49
A AdvLarCapGr +10 + 1 +43 14.95n +.03 A LrgEnCore + 8 1 +58 22.80n +.03 A LrgCpGrow +10 + 3 +63 17.25n +.02 Eaton Vance Instl C 2025 + 5 + 2 +27 13.42n +.00
A Growth +11 + 3 +70 33.90n +.22 Allianz C A TSMidGr +12 + 3 +42 17.37n +.02
A+ CapAppInst +10 + 3 +62 27.83n +.11 A+ SelCom&Inf +15 + 7+103 67.32 +.38 DEUTSCHE Asst & Wealth $ 40.5 bil 8002256265 C+ 2030 + 6 + 1 +31 16.63n .01
A LrgCpGrow +10 + 3 +74 35.44n +.20 $ 8.6 bil 8777169787 A TSMidGrPr +12 + 3 +40 16.83n +.03
A+ EmgMkts + 9 + 6 +29 22.67n .02 A+ SelGlbTch +16 + 7+104 36.99 +.19 $ 15.3 bil 8006217705 A AtlSmidCap +10 + 0 +65 32.76n +.08 B 2035 + 7 + 1 +33 13.90n .02
ABFunds I A+ TechC +14 + 9 +73 41.45n +.41 A TSSmCpGr +12 + 1 +31 13.71n +.02
A+ EqInstl +13 + 5 +75 25.17n +.19 A SelLgCpVal + 9 2 +42 23.88 .08 A CapGrowthA +10 + 2 +59 71.47 +.23 EdgeWood B 2040 + 7 + 1 +33 9.71n .01
$ 20.4 bil 8002215672 Allianz Instl A TSSmCpGr +12 + 1 +32 14.21n +.03
A YachtmanFoc + 5 + 0 +42 18.65n .04 B Equity Div + 7 2 +22 19.96n +.00 A SelLgGr +15 + 6 +41 14.18 +.04 A Eq500Idx + 8 + 0 +49 187.15n +.19 $ 6.3 bil 8007914226 Fidelity Select
A+ LgCpGr +10 + 3 +86 53.19n +.30 $ 7.5 bil 8777169787 A+ SmallGrI +16 + 7 +34 17.16 +.06 A Eq500Idx + 8 + 0 +49 184.16n +.18
A YacktFoc + 5 + 0 +41 18.69n .05 A+ FocusGrwth +10 + 3 +70 12.07n +.05 A+ EdgwdGrInst + 9 + 2 +91 31.31n +.14 $ 26.9 bil 8003433548
ABFunds K A+ FundTech +14 + 9 +90 67.64n +.68 A SmCapIndxA +11 3 +42 22.58n .02 A EquDivA + 8 1 +50 53.58 +.03
AQR Funds D Glob Alloc + 5 + 1 +12 18.24n .02 Emerald Funds A AirTrnsprt r +14 + 2 +59 74.78n .04
$ 15.2 bil 8002215672 A MidCap +16 + 6 +45 3.87n +.02 A SmCpVal +13 2 +27 35.49 .14 A LgCpFocGrw + 9 + 1 +60 45.38n +.11
$ 77.9 bil 8662902688 A LarCapCore + 9 + 0 +47 15.51n +.02 $ 1.6 bil 8558289909 A+ CommEquip r + 8 + 2 +44 37.63n +.87
A LgGrwthK +10 + 3 +83 49.63n +.28 A NFJMidCap +11 + 0 +45 30.77n .02 A+ TechGrw +11 + 4+121 32.55n +.17 A+ LtnAmerEq +11+ 10 +32 27.83n +.04
A Deffensive + 7 + 0 .. 20.01n +.00 A SciOpInst + 6 + 0 +77 59.52n .04 A EmeraldGrA +16 + 4 +43 24.10 +.15 A+ Computers r + 9 2 +51 73.76n .09
AcadFnds Amana Funds A+ Technology +11 + 4+118 31.29 +.16 A S&P500IdxS + 8 + 0 +56 29.32n +.03
Artisan Funds A SmCapGr +13 + 2 +25 17.24n +.08 A+ ITServices r +15 + 6 +99 62.22n +.60
$ 1.2 bil 6178503500 $ 2.7 bil 8007288762
$ 82.7 bil 8003441770 A SmlCapIdx +12 1 +35 18.85n +.01 Columbia C Dimensional Funds F A+ MedEq&Sys r + 8 + 2+109 51.28n +.12
A EmrgMktInv + 8 + 5 +19 19.33n .08 A Growth + 9 + 3 +67 37.80n +.24 A+ Technology +13 + 7+122 29.12n +.18 $ 120 bil 8003456611 $ 400 bil 5123067400 FAM Funds
A+ SmallCapInv +18 + 5 +43 30.63n +.17 A Retailing r + 8 + 1+106 14.68n .09
Advisors' Inner Circle Amer Beacon INV A ValueOpps + 9 + 0 +29 26.38n +.04 A AcornC +11 + 0 +6 5.22n +.01 A EmergMkts + 6 + 5 +24 27.44n .12 $ 1.4 bil 8007215391
A ValInst +10 3 +32 11.78n .07 A+ Sftwr&Cmp r +10 + 4 +93 17.93n +.14
$ 2.8 bil 8006181872 $ 19.0 bil 8009679009 BlackRock K A AcornUSA +13 + 1 +10 5.12n +.00 A EmMktCorEq + 7 + 5 +23 20.51n .06 A EquityInc +10 + 2 +58 32.67n +.09
Asstmgmt Fidelity Spartan
A FrCrGrA b + 9 + 3 +65 12.15n +.03 A+ StphnSmGr +13 + 0 +30 14.11n +.11 $ 32.8 bil 2128105596 A LargeGrow +15 + 6 +35 12.30n +.04 A EmMktScCrEq + 7 + 5 +24 13.27n .03 Federated A
$ 17.2 bil 8772255266 $ 53.0 bil 8003433548
AdvisorTwo Amer Cent A A S&P500Ind + 8 1 +62 321.95n +.32 A+ SelgCom&Inf +15 + 7 +92 43.95n +.25 A EmrgMktValI + 5 + 3 +22 28.32n .10 $ 83.1 bil 8002455051
A BMODivIncI + 8 1 +51 13.83n +.00 A TotMktIdxF + 9 + 0 +59 76.96n +.08
$ 3.5 bil 8006181872 $ 106 bil 8165315575 Blackrock R A+ SelGlbTch +16 + 7 +95 27.71n +.14 A EnhUSLgCo + 9 + 0 +36 12.36n +.02 A KaufmanLrg +10 + 4 +61 23.28 +.11
A BMOLgGrI + 9 + 1 +66 16.82n +.03 Fidelity Spartan Adv
A FrCrGrInst +10 + 3 +66 12.33n +.03 A DisciplGrw +10 + 1 +51 19.86 +.03 $ 89.8 bil 2128105596 A+ Technology +11 + 4+110 28.07n +.14 D+ IntlCoreEq + 6 1 +12 12.41n .09 A+ Kaufmann +11 + 5 +48 5.58 +.04
A BMOLgGrwY + 9 + 1 +65 16.67n +.03 $ 114 bil 8003433548
Akre A FundmtlEq + 9 + 0 +58 26.38 +.04 A CapAppR +10 + 3 +55 20.73n +.08 Columbia I,T&G A SustUSCorI +10 1 +54 21.12n +.00 A+ KaufSmlCap +12 + 5 +70 36.49 +.34
A SmallGrt +12 1 +11 16.21n +.06 D IntlIdFd I + 5 + 0 +10 38.21n .23
$ 14.8 bil 8778629556 A Growth +10 + 2 +58 30.23 +.03 B EquityDiv + 7 2 +36 20.06n .01 $ 20.7 bil 8003456611 A TxMgdUSEq + 9 1 +59 29.29n +.03 A+ MDTMdGrStr +14 + 5 +46 38.24 +.17
Aston Funds A TotMkIdI + 9 + 0 +58 76.93n +.08
A+ FocusInst + 9 + 4 +88 37.90n +.27 A Select +10 + 1 +67 66.66 +.19 D Glob Alloc + 5 + 1 +9 17.23n .01 A LargeGrT +10 + 1 +63 38.03 +.15 A USCorEq1 + 9 1 +53 22.46n +.00 Federated B
$ 6.3 bil 8005484539 E USBdIdI + 1 + 3 +6 11.38n +.02
A+ FocusRet + 9 + 4 +86 37.07n +.27 A+ SmCapGrow +14 + 3 +48 15.34 +.07 A+ LarCapFoc +10 + 3 +64 9.82n +.03 A+ SmallGrI +16 + 7 +36 18.42n +.07 B+ USCorEq2 + 9 2 +46 20.78n .01 $ 25.0 bil 8002455051
A SmallValI +11 + 2 +35 12.14n .01 Fidelity Invest
Alger Funds A A+ Ultra +11 + 2 +74 42.70 +.01 A ValOppor + 9 + 0 +24 18.49n +.03 Columbia R A USLCpGr + 8 + 0 +68 19.49n +.05 A+ Kaufmann +10 + 5 +46 4.47n +.04 $ 2157 bil 8003433548
Amer Cent Instl AT Funds
$ 9.5 bil 8002233810 BlackRock S $ 149 bil 8003456611 B+ USLgCapVal + 8 3 +42 34.78n .11 A+ KaufSmlCap +12 + 5 +68 31.09n +.30 2020Freedom + 5 + 2 .. 15.35n .01
$ 107 bil 8165315575 $ 1.2 bil 8553283863
A CaptApp + 9 + 2 +67 23.87 +.03 $ 2.2 bil 2128105596 A Convert +10 + 6 +33 20.78n +.08 A USLgCo + 8 1 +61 20.90n +.02 Federated C 2035Freedom + 7 + 1 .. 13.88n .01
A Growth +10 + 3 +61 31.92n +.04 A DiscplEq + 7 1 +66 19.02n .01
A+ SmidCpGrA +20 + 9 +41 12.54 +.07 A+ LrgCapFocGr +10 + 3 +68 11.98n +.05 A CoreR5 + 8 + 0 +64 11.47n +.01 B USSmallCap +11 3 +34 32.98n .05 $ 47.2 bil 8002455051 A 500IdxInsPr + 8 1 +62 94.28n +.10
A SpectraA + 9 + 2 +64 19.81 +.00 A NTGr +10 + 3 +63 15.77n +.02 B BlackRock Svc A Largecap + 8 1 +59 47.87n +.04 A USSoCrEq2 +10 1 +44 15.43n .02 A KaufmanLrg +10 + 4 +54 21.16n +.10 A AdvCapDevO + 9 2 +39 14.36n .03
Alger Funds B A NTHeritage +14 + 4 +42 11.47n +.02 Baron Instl $ 30.0 bil 2128105596 A LargeGrow +15 + 6 +44 15.37n +.05 Dodge&Cox A+ KaufmnC +10 + 5 +46 4.46n +.04 A Advchina +10 + 7 +28 32.10n +.10
$ 3.0 bil 8002233810 A Select +10 + 1 +70 69.46n +.20 $ 18.0 bil 8009922766 A SmCapGr +13 + 2 +22 14.07n +.06 A LGcap + 8 1 +56 22.76n +.03 $ 217 bil 8006213979 A+ KaufSmlCapC +12 + 5 +68 31.10n +.30 A AdvchinaR +10 + 7 +27 32.01 +.10
A CaptApp + 9 + 2 +55 18.13n +.02 A+ SmCapGrow +14 + 6 +55 16.40n +.07 A Asset +12 + 2 +58 74.21n +.56 Blackrock Funds A+ SelCom&Inf +15 + 7+100 63.64n +.36 E Income + 2 + 3 +10 13.49n +.01 A MDTMdGrStr +14 + 5 +35 25.31n +.11 A AdvDivStkA + 8 1 +42 22.38 +.03
Alger Funds C A+ Ultra +11 + 2 +78 46.53n +.02 A+ BaronGrt +11 + 4 +82 29.07n +.12 $ 138 bil 2128105596 A Selctla + 9 2 +44 25.14n .08 C IntlStock + 6 1 +7 39.29n .27 Federated Funds A AdvDivStkO + 8 1 +44 23.05n +.03
$ 3.2 bil 8002233810 Amer Cent Inv A Growth +13 + 2 +43 71.49n +.27 A+ Oppertunity +13 + 7+110 22.85n +.15 A SmallCapR5 +11 2 +44 23.26n .01 A Stock + 8 3 +49 186.44n .42 $ 51.0 bil 8002455051 A AdvGlbComA + 8 2 3 12.08 .04
A CaptApp + 9 + 2 +56 18.24n +.02 $ 180 bil 8165315575 A+ Opportunity +13 + 5 +51 20.50n +.21 E StratIncOpp + 1 + 1 +6 9.69n +.00 Columbia Y Doubleline Funds A KaufmanLrgR +10 + 4 +57 22.08n +.09 A AdvGlbComC + 8 2 6 11.99n .04
Alger Funds I A AmerCenDiGr +10 + 1 +54 20.14n +.03 A+ Partners +11 1 +63 54.12n +.26 E StratIncOpp + 1 + 0 +3 9.68n +.00 $ 40.3 bil 8003456611 $ 149 bil 2136338200 A+ KaufmannR +10 + 5 +56 5.59n +.04 A AdvGlbComI + 8 2 2 12.06n .05
$ 1.2 bil 8002233810 A+ AmerCenR6Cl +11 + 2 +79 46.58n +.01 A+ SmallCap +15 + 3 +35 28.59n +.03 E StrtIncOppA + 1 + 1 +5 9.69 +.00 A LrgCapGr +15 + 6 +44 15.57n +.05 A Enhance +10 + 1 +75 14.08n +.07 A+ KaufSmlCapR +12 + 5 +75 36.67n +.35 A+ AdvSemi +15 + 7+127 20.69n .07
A CaptApp + 9 + 2 +61 74.11n +.07 A DisciplGrw +10 + 1 +53 20.07n +.03 Baron Funds BNY Mellon A LrgEnCore + 8 1 +60 22.74n +.03 A+ Enhance +10 + 1 +87 14.10n +.07 Federated Instl A+ AdvSemiconC +15 + 7 +91 16.68n .05
A CpGrowth +10 + 1 +45 56.63n +.16 A FundamntlEq + 9 + 0 +59 26.43n +.04 $ 18.1 bil 8009922766 $ 11.9 bil 2124951784 Columbia Z E TotRtrnBndI + 1 + 2 +9 10.45n +.01 $ 50.8 bil 8002455051 A+ AdvSrsGro +12+ 12 +94 13.32n +.02
A+ SmallGr +13 + 3 +30 26.55n +.09 A+ GlbGold + 5+ 15 3 8.52n +.11 A Asset +12 + 2 +56 71.39n +.53 A SmlCapStrM +12 1 +34 16.68n +.00 $ 116 bil 8003456611 E TotRtrnBndN + 1 + 2 +8 10.44n +.00 A KaufmanLrg +10 + 4 +63 23.93n +.10 A+ AdvTechA r +10 + 2 +78 44.20 +.27
Alger Instl A+ GlbGoldA + 5+ 15 4 8.34 +.11 A+ Discovery +12 + 0 +72 18.99n +.11 Brown Advisory A Acorn +11 + 0 +23 14.47n +.03 Dreyfus A+ KaufSmlCap +12 + 5 .. 37.07n +.35 C Balanced + 7 + 1 +33 22.03n +.02
$ 3.6 bil 8002233810 A Growth +10 + 1 .. 11.34n +.01 A Growth +13 + 2 +41 69.20n +.26 $ 9.0 bil 4105375400 A AcornSel +11 1 +26 13.34n .04 $ 61.9 bil 8003468893 A MaxCapIdx + 8 1 +42 9.18n +.00 C BalancedK + 7 + 1 +33 22.03n +.02
A CapApp + 9 + 2 +65 31.23n +.04 A GrowthInv +10 + 2 +60 31.31n +.04 A GrwRet + 6 4 +41 16.76n +.05 A FlexEqtInst + 9 1 +61 20.79n +.00 A+ AcornUSA +14 + 2 +29 14.65n +.02 A GrowthI +10 + 3 +52 14.26n +.05 A+ MDTMdGrStr +14 + 5 +48 39.46n +.18 A Banking r +14 2 +38 25.32n .22
A+ CapAppFoc + 9 + 2 +83 32.81n +.03 A NTDiscGr +10 + 1 .. 11.37n +.01 A+ GrwRet +11 + 4 +80 28.50n +.13 A GrEqInv +11 + 3 +59 21.56n +.24 A DisCore + 8 + 0 +63 11.51n +.01 A LgCapEqI + 9 + 0 +57 19.30n +.02 A+ MDTSmlCap +11 3 +50 18.89n .02 A+ BluChpGro +10 + 5 +82 92.00n +.15
Alliance Brnstn A Select +10 + 1 +68 68.28n +.19 A+ Opportunity +13 + 5 +49 19.71n +.20 A GrowEqtInst +11 + 4 +61 21.81n +.25 A Largecap + 9 2 +44 24.80n .08 A OppSmlCap +10 5 +20 25.44n .18 A+ MDTSmlCpGr +11 2 +63 22.91n +.04 A+ BluChpGroK +10 + 5 +83 92.13n +.16
$ 23.5 bil 8002215672 A+ SmCapGrow +14 + 3 +50 15.96n +.06 A+ Partners +11 1 +61 52.90n +.25 A SmlGrInv +15 + 4 +42 19.34n +.10 A LargeGr +10 + 1 +65 40.07n +.15 A ResearchA +10 + 3 +50 14.22 +.05 Fidelity A ChinaRgn +10 + 7 +28 32.32n +.10
A+ ABSmallCap +15 + 3 .. 54.56n +.18 A+ UltraInv +11 + 2 +76 44.83n +.01 A SmallCap +15 + 3 +33 27.42n +.03 Brown Captl Mgmt A LgCapGrIII +10 + 1 +45 18.01n +.07 A SmallCap +11 1 +26 23.64n +.07 $ 112 bil 8003433548 A Contrafund x + 9 + 2 +67x11.94n .09
Alliance Brnstn Adv Amer Cent R BlackRock A $ 3.8 bil 8778924226 A LgCapIdxZ + 8 1 +59 47.16n +.05 A SmCpStkIdx +11 2 +42 28.04n .02 E GradeBond + 1 + 3 +6 11.01n +.01 A+ Dfnse&Aero r +16 + 6 +72 16.39n +.01
$ 8.4 bil 8002215672 $ 109 bil 8165315575 $ 151 bil 2128105596 A+ SmallCo +15 + 5 +67 95.44n +.61 A LrgCapCore + 8 + 0 +53 13.41n +.06 A+ TechGrA +10 + 4 +63 41.20 +.26 A+ GrowthComp +11 + 3 +83 15.71n +.08 D DiversIntl + 5 + 0 +10 33.29n .15
A+ DiscovGrAdv +15 + 4 +49 10.84n +.05 A Growth +10 + 2 +56 29.40n +.03 A CapAppInvA +10 + 3 +59 25.57 +.10 Buffalo Funds A LrgEnCore + 8 1 +59 22.74n +.03 A+ TechGrC +10 + 4 +52 28.86n +.19 A MarketsOpps + 8 + 6 +25 17.74n .04 D DiversIntlK + 5 + 0 +10 33.21n .16
A GlbThmtGrw + 7 + 1 +49 111.47n .33 A Growth6 +10 + 3 +62 31.88n +.04 A CoreInv + 9 + 0 +45 14.91 +.02 $ 3.8 bil 8004928332 A SelLgGrZ +15 + 6 +43 14.75n +.05 A USEquity + 9 + 0 +48 18.20n +.06 Fidelity Adv A A DiversStk + 8 1 +40 22.19 +.02
Alliance Brnstn B A+ Smallgrowth +14 + 4 +53 16.56n +.07 A+ EmgMkts + 9 + 6 +27 21.88 .02 A+ SmallCap +16 + 2 +10 12.27n +.11 A SmCapIndZ +11 2 +43 22.72n .02 DREYFUS I $ 163 bil 8003433548
Mutuals continued on B15
36 Mos Fund 2019 12 Wk 5 Yr Net NAV 36 Mos Fund 2019 12 Wk 5 Yr Net NAV 36 Mos Fund 2019 12 Wk 5 Yr Net NAV 36 Mos Fund 2019 12 Wk 5 Yr Net NAV 36 Mos Fund 2019 12 Wk 5 Yr Net NAV 36 Mos Fund 2019 12 Wk 5 Yr Net NAV 36 Mos Fund 2019 12 Wk 5 Yr Net NAV 36 Mos Fund 2019 12 Wk 5 Yr Net NAV
Performance % % After Asset Chg Performance % % After Asset Chg Performance % % After Asset Chg Performance % % After Asset Chg Performance % % After Asset Chg Performance % % After Asset Chg Performance % % After Asset Chg Performance % % After Asset Chg
Rating Chg Chg Tax%Value Rating Chg Chg Tax%Value Rating Chg Chg Tax%Value Rating Chg Chg Tax%Value Rating Chg Chg Tax%Value Rating Chg Chg Tax%Value Rating Chg Chg Tax%Value Rating Chg Chg Tax%Value

Copyright 2019 Investor's Business Daily Inc.


A20 WEEK OF FEBRUARY 11, 2019 INVESTORS.COM

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INVESTOR'S BUSINESS DAILY WEEK OF FEBRUARY 11, 2019 B1

1 BioTelemetry (BEAT) Grp 23 o$73.98 Atlassian (TEAM) Grp 8 o$104.34 Veeva Systems (VEEV) Grp 55 o$115.21
30.3M Shares 99 Comp. Rating 99 EPS RS 98 ROE 16% 2 102.0M Shares 99 Comp. Rating 99 EPS RS 98 ROE 14% 3 123.9M Shares 99 Comp. Rating 99 EPS RS 98 ROE 19%
Provides medical devices, monitoring services and centralized Australian company that designs and develops software to help Develops cloud-based software for sales/marketing functions of
core laboratory services for clinical research. teams in management, collaboration, integration companies in the life sciences industry.
+51% Ann. EPS Gro PE 44 Avg. Daily Vol 618,600 Debt 79% +27% Ann. EPS Gro PE 153 Avg. D. Vol 1,796,800 Debt 92% +41% Ann. EPS Gro PE 82 Avg. D. Vol 1,416,800 Debt 0%
Last Qtr Eps +121%5 Prior Qtr +100%6 Last Qtr Sales +23% Last Qtr Eps +92%5 Prior Qtr +54%5 Last Qtr Sales +39% Last Qtr Eps +80%5 Prior Qtr +63%5 Last Qtr Sales +27%
4 Qtrs EPS ) 15% 7 Qtrs EPS ) 15% 3 Qtrs EPS ) 15%
Eps Due 2/20 Eps Due 4/17 Eps Due 2/26
R&D 4% R&D 48% R&D 19%
Acc/Dis B- Acc/Dis B+ Acc/Dis B-
Sup/Demand 88

Back in buy zone above handle buy point at 70.58. Back at new highs after finding support at 89.92 buy point. Extended above double bottom base's 101.49 buy point.

4 CyberArk Software (CYBR) Grp 9 o$88.97 Trade Desk (TTD) Grp 39 $146.18 Palo Alto Networks (PANW) Grp 9 o$224.62
21.7M Shares 99 Comp. Rating 99 EPS RS 97 ROE 13% 5 35.2M Shares 99 Comp. Rating 97 EPS RS 99 ROE 34% 6 91.1M Shares 99 Comp. Rating 98 EPS RS 94 ROE 43%
Israeli provider of network security software focused on protecting Self-service platform for ad buyers to purchase and manage data- Provides network security infrastructure products for enterprises,
privileged accounts. driven digital advertising campaigns service providers and government entities.
SMARTSELECT COMPOSITE RATING +13% Ann. EPS Gro PE 57 Avg. Daily Vol 685,400 Debt 0% +63% Ann. EPS Gro PE 69 Avg. D. Vol 1,087,500 Debt 11% +54% Ann. EPS Gro PE 52 Avg. D. Vol 1,483,500 Debt 142%
Rel Annual Last Qtr NxtQtr Last Qtr Mgt
EPS Str EPS Est EPS EPS Sales Pretax Own Last Qtr Eps +92%5 Prior Qtr +71%5 Last Qtr Sales +31% Last Qtr Eps +86%5 Prior Qtr +15%6 Last Qtr Sales +50% Last Qtr Eps +56%5 Prior Qtr +39%6 Last Qtr Sales +31%
Rank Company Price
6
Rtg Rtg % Chg % Chg % Chg % Chg ROE mrgn % 2 Qtrs EPS ) 15% 11 Qtrs EPS ) 15% 22 Qtrs EPS ) 15%
COMPANIES 1-15 Eps Due 2/14 Eps Due 2/20 Eps Due 2/26
R&D 16% R&D 17% R&D 18%

1 BioTelemetry 73.98 99 99 98 +86 +121 +34 +23 16 11


7Its remote heart monitors are seeing steady order growth.
8 Acc/Dis B+
Sup/Demand 89
Acc/Dis C+
Sup/Demand 92
Acc/Dis B+
Sup/Demand 84

2 Atlassian 104.3 99 99 98 +57 +92 +80 +39 14 20


7Its team collaboration software shows growth in cloud, remote working.
3

Extended above 81.98 buy point in cup-with-handle base. Falls 7% below double-bottom's 149.10 entry, then rebounds. More progress on right side of cup base; 239.60 entry.
3 Veeva Systems 115.2 99 99 98 +67 +80 +74 +27 19 32 1

7 Five54.1MBelowShares(FIVE)99 Comp. RatingGrp957 EPS RS 97 o$126.83 Paycom Software (PAYC) Grp 1 o$175.96 Planet Fitness (PLNT) Grp 123 o$57.36
ROE 26% 8 48.6M Shares 99 Comp. Rating 94 EPS RS 98 ROE 76% 9 80.2M Shares 90 Comp. Rating 98 EPS RS 96 ROE 0%
7Cloud computing company serves top pharmaceuticals, biotechs.

4 CyberArk Software 88.97 99 99 97 +51 +92 +44 +31 13 21 38 Operates more than 625 targeted discount retail stores in 32 states
7Security software firm specializes in privileged account access. with plans to open 125 more in 2018-19.
Provides cloud-based human capital software that manages employ-
ment life cycle for employers.
Operates 1,518 fitness centers with approximately 10.6 million mem-
bers in 50 states, Puerto Rico and Canada.
+34% Ann. EPS Gro PE 58 Avg. D. Vol 1,145,200 Debt 0% +86% Ann. EPS Gro PE 66 Avg. Daily Vol 627,000 Debt 25% +44% Ann. EPS Gro PE 51 Avg. D. Vol 1,302,600 Debt n/a
5 Trade Desk 146.2 99 97 99 +51 +86 +48 +50 34 28
7Signs partnership that expand company's reach in Chinese ad market.
3 Last Qtr Eps +22%6 Prior Qtr +40%6 Last Qtr Sales +22%
13 Qtrs EPS ) 15%
Last Qtr Eps +24%6 Prior Qtr +33%6 Last Qtr Sales +32%
19 Qtrs EPS ) 15%
Last Qtr Eps +47%6 Prior Qtr +55%5 Last Qtr Sales +40%
11 Qtrs EPS ) 15%
Eps Due 3/19 Eps Due 4/29 Eps Due 2/22e
6 Palo Alto Networks 224.6 99 98 94 +33 +56
7Top player in computer network security software.
+42 +31 43 22 3
Acc/Dis C-
R&D 7%
Acc/Dis B Acc/Dis B+
Sup/Demand 89 Sup/Demand 79
7 Five Below 126.8 99 95 97 +46 +22 +34 +22 26 12
7Seller of $5 trendy items, candy is trying out higherpriced goods.
3

8 Paycom Software 176.0 99 94 98 +18 +24 +17 +32 76 34 10


7One of the fastestgrowing cloudbased human resources software firms. Forms handle on cup-style base; 127.70 entry. Extended after breakout past 164.18 cup base buy point. Trading tightly near highs; resistance near 60.

9 Planet Fitness 57.36 90 98 96 +44 +47 +33 +40 .. 31


7One of the largest,fastestgrowing franchisors of fitness centers.
8 10 Kirkland Lake Gold (KL) Grp 15 $33.38 Medpace (MEDP) Grp 68 $64.07 Nexstar Media (NXST) Grp 27 o$83.99
201.3M Shares 99 Comp. Rating 99 EPS RS 99 ROE 16% 11 24.9M Shares 98 Comp. Rating 96 EPS RS 96 ROE 11% 12 42.4M Shares 97 Comp. Rating 99 EPS RS 89 ROE 18%
Canadian firm engaged in the provision of mining and mineral explo- Provides outsourced clinical development services to biotechnology, Owns and operates 170 TV stations and related low power and
ration in Canada and Australia. pharmaceutical/medical device industries digital multicast signals in 100 markets
10 Kirkland Lake Gold 33.38 99 99 99 +62 +71 +32
Mines for gold and minerals in sites in Canada and Australia.
+26 16 28 4
+165% Ann. EPS Gro PE 28 Avg. D. Vol 1,142,900 Debt 2%
Last Qtr Eps +71%5 Prior Qtr +58%6 Last Qtr Sales +26%
+29% Ann. EPS Gro PE 29 Avg. Daily Vol 788,400 Debt 41%
Last Qtr Eps +68%5 Prior Qtr +61%6 Last Qtr Sales +62%
+26% Ann. EPS Gro PE 14 Avg. Daily Vol 646,300 Debt 272%
Last Qtr Eps +116%5 Prior Qtr +104%6 Last Qtr Sales +13%
4 7 Qtrs EPS ) 15% 3 Qtrs EPS ) 15% 6 Qtrs EPS ) 15%
11 Medpace 64.07 98 96 96 +65 +68 +72 +62 11 21
7Provides clinical trial services to biotech, drug companies.
Eps Due 2/21e
R&D 6%
Eps Due 2/26e Eps Due 2/26

12 Nexstar Media 83.99 97 99 89 +159 +116 +187 +13 18 9


TV broadcaster acquires LKQD Technologies, independent video ad firm.
6 Acc/Dis B+ Acc/Dis C+
Sup/Demand 91
Acc/Dis D+
Sup/Demand 81

13 Trex 72.25 95 97 92
Specializes in synthetic wood decking.
+39 +47 +29 +19 51 25 1

Hits 20%-25% profit zone from 23.96 entry, a sell signal. Sharp reversal retests handle's 62.23 buy point. Gets closer to a potential buy point at 89.85.
14 CareTrust REIT 22.18 99 93 96 +265 +20 +967 +20 5 19
Owns more than 190 senior housing, healthcarerelated properties.
2

13 Trex57.6M(TREX)Shares 95 Comp. Rating


Grp 147 $72.25 CareTrust REIT (CTRE) Grp 22 $22.18 Ulta Beauty (ULTA) Grp 46 o$296.06
97 EPS RS 92 ROE 51% 14 82.2M Shares 99 Comp. Rating 93 EPS RS 96 ROE 5% 15 58.1M Shares 97 Comp. Rating 96 EPS RS 91 ROE 33%
15 Ulta Beauty 296.1 97 96 91 +33 +30 +29 +16 33 13
7Retailer is a leader in personal skin care, beauty, hair products.
2 Manufactures wood-alternative decking, railing and fencing prod-
ucts for the residential/commercial markets.
REIT that owns and operates 185 skilled nursing, assisted living/inde-
pendent living facilities in 23 states.
Operates 1,074 beauty stores in 48 states offering hair care, cosmet-
ics and salon services.
+38% Ann. EPS Gro PE 34 Avg. Daily Vol 553,900 Debt 0% +30% Ann. EPS Gro PE 39 Avg. D. Vol 1,051,600 Debt 94% +29% Ann. EPS Gro PE 30 Avg. Daily Vol 984,600 Debt 0%
Last Qtr Eps +47%6 Prior Qtr +49%5 Last Qtr Sales +19% Last Qtr Eps +20%6 Prior Qtr +467%5 Last Qtr Sales +20% Last Qtr Eps +30%6 Prior Qtr +33%6 Last Qtr Sales +16%
12 Qtrs EPS ) 15% 3 Qtrs EPS ) 15% 19 Qtrs EPS ) 15%
How To Succeed With IBD 50 Eps Due 2/14 Eps Due 2/25 Eps Due 3/14
The IBD 50 is a weekly computer-generated watch list of market leading
growth stocks. We use earnings, sales plus other basics & price Acc/Dis B Acc/Dis A- Acc/Dis C-
Sup/Demand 77 Sup/Demand 85
action. Dont buy a stock solely on it being in the list. Scan charts for ones
near buy points, in price bases or at support areas like a 10-week moving
average. See Investors.com for further research. Be sure to read an
archived story & analyze your stock with IBDs Stock Checkup. Work continues on right side of ultra-deep base. Extended past 20.75 entry; flat base atop bigger base. Inches above 294.54 buy point, but volume is weak.

UNITED STATES DISTRICT COURT


EASTERN DISTRICT OF NEW YORK
THOMAS CULLINAN, Individually and On Behalf of All Others Similarly
No.: 2:17-cv-01067
Situated,
(JFB) (AYS)
Plaintiff,
v.
CLASS ACTION
CEMTREX, INC., SAAGAR GOVIL, ARON GOVIL and RENATO DELA RAMA,
Defendants.
SUMMARY NOTICE OF CLASS ACTION SETTLEMENT
TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED CEMTREX, INC.
SECURITIES DURING THE PERIOD FROM DECEMBER 26, 2012 THROUGH MARCH 6,
2017, INCLUSIVE.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for
the Eastern District of New York, that a hearing will be held on May 22, 2019 at 1:30 p.m.
in Courtroom 1040 before the Honorable Joseph F. Bianco, United States District Judge of
the Eastern District of New York, 100 Federal Plaza, Central Islip, NY, 11722 (the Settlement
Hearing) for the purpose of determining: (1) whether the proposed Settlement consisting
of the sum of $625,000 (the Settlement Amount) should be approved by the Court as fair,
reasonable, and adequate; (2) whether the proposed plan to distribute the Settlement proceeds
is fair, reasonable, and adequate; (3) whether the application for an award of attorneys fees of
$156,250 (25% of the Settlement Amount), reimbursement of litigation expenses of no more
than $80,000, and an award to the Lead Plaintiffs as follows: amounts not to exceed $22,000
to Dr. Khetarpal; and $2,500 to each of the remaining lead plaintiffs Benjamin Webb, Gang
Chen, Timothy Heath, and Minh Nguyen should be approved; and (4) whether the Class Action
should be dismissed with prejudice.
If you purchased Cemtrex, Inc. securities during the Class Period from December 26, 2012
through March 6, 2017, inclusive, your rights may be affected by the Settlement of this Class
Action. If you have not received a detailed Notice of Pendency and Settlement of Class Action
(the Notice) and a copy of the Proof of Claim and Release, you may obtain copies by writing
to the Claims Administrator at: Cemtrex, Inc. Litigation, c/o RG/2 Claims Administration LLC,
or going to the website, www.rg2claims.com/cemtrex.html. If you are a member of the Class,
in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of
Claim and Release postmarked no later than April 15, 2019 to the Claims Administrator,
establishing that you are entitled to recovery. Unless you submit a written exclusion request,
you will be bound by any judgment rendered in the Action whether or not you make a claim. If
you would like to be excluded from the Class, you must submit a request for exclusion so that
it is received no later than April 22, 2019, in the manner and form explained in the detailed
Notice. Any objection to the Settlement, Plan of Allocation, Class Counsels request for an award
of attorneys fees and reimbursement of expenses, or payment to Lead Plaintiffs must be in the
manner and form explained in the detailed Notice and received no later than May 8, 2019 by
each of the following:
Clerk of the Court Shannon L. Hopkins Douglas W. Greene
United States District Court LEVI & KORSINSKY, LLP BAKER & HOSTETLER LLP
Eastern District of New York 733 Summer Street, Suite 304 999 Third Avenue, Suite 3600
100 Federal Plaza Stamford, CT 06901 Seattle, WA 98104-4040
Central Islip, NY 11722 Tel.: (203) 992-4523 Tel.: (206) 332-1380
Fax: (212) 363-7171 Fax: (206) 624-7317
If you have any questions about the Settlement, you may call or write to Class Counsel:
Shannon L. Hopkins
LEVI & KORSINSKY, LLP
733 Summer Street, Suite 304
Stamford, CT 06901
Tel.: (203) 992-4523
Fax: (212) 363-7171
PLEASE DO NOT CONTACT THE COURT OR THE CLERKS OFFICE REGARDING THIS NOTICE.
IT IS SO ORDERED.
Dated: February 11, 2019 BY ORDER OF THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF NEW YORK

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B2 WEEK OF FEBRUARY 11, 2019 INVESTORS.COM

INSIDE THE 50 EARNINGS PREVIEW


Weekly Winners & Losers
Biggest price changes
Pricey Stocks among IBD 50 stocks
Weekly % Restaurant Brands, Shopify Set Up
Can Deliver Company Symbol price change

Lovely Profits
Top 10
Paycom Software
Ubiquiti Networks
Euronet Worldwide
PAYC
UBNT
EEFT
16.7%
13.6
9.7
In Bullish Fashion Before Earnings
Microchip Tech MCHP 6.8
Shopify has been a winner
BY DAVID SAITO-CHUNG
Booz Allen Hamilton
Atlassian
BAH
TEAM
5.6
5.4 since its IPO in May 15; Earnings Watch
INVESTORS BUSINESS DAILY VMware VMW 4.8 fundamentals remain solid Restaurant Brands (QSR) 70
Shopify (SHOP)
190
Do growth stocks with very high Cadence Design Systems CDNS 4.6 180
share prices simply make you Horizon Pharma HZNP 4.0 170
Rexford Industrial REXR 3.9 BY KEN SHREVE 160
cringe? 60 150
Bottom 10 INVESTORS BUSINESS DAILY
Anyone who is a savvy shopper 140
for cars, boats or a good T-bone Granite Point Mortgage GPMT -0.1% A bullish earnings report from 130
steak definitely prefers to get such NexStar Media NXST -0.1 Chipotle Mexican GrillCMG deliv- 10-week 120
products at a low price. But if you PRA Health Sciences PRAH -0.7 ered a big win for the bulls in the moving 50
average 13 mil
carry such a philosophy into the Syneos Health SYNH -0.8 options trading market. The good 11 mil
stock market, you might be making Planet Fitness PLNT -1.1 news is that the coming week has 4 mil
an expensive mistake. Medpace MEDP -2.5 more interesting setups for possi- 3 mil
Consider institutional investors UnitedHealth UNH -2.5 ble call-option trades. Jun 18 Sep Dec Mar 19 Jun 18 Sep Dec Mar 19
who aim to be the best among their Allison Transmission ALSN -2.7 Restaurant BrandsQSR, the par-
peers. Many of them achieve great- Phillips 66 Partners PSXP -2.7 ent company of Burger King, Tim
ness by finding the most valuable Exelixis EXEL -9.8 Hortons and Popeyes, is holding and are getting support at their Put options are for weak per-
companies in terms of growth. And From IBD 50 list as of Thursday market close gains smartly. The stock gapped 10-week moving average. Still oth- formers with bearish charts. The
only in rare instances will they be up nearly 10% on Jan. 23 after the ers might be trading tightly near only difference is that an out-of-
able to scoop up a ton of their shares earnings growth. When it sur- company reported strong same- highs, refusing to give up much the-money strike price is just
at bargain-bin prices. One reason? passed a 118.12 buy point in a good store sales growth at Burger King ground. Avoid extended stocks below the underlying stock price.
Their buying might last for weeks, cup with handle, some folks might and Tim Hortons. that are too far past proper entry Shopify operates an e-commerce
if not months. They arent building have doubted the nosebleed share The company also raised its divi- points. platform where small- and medi-
a $100,000 stake in a single compa- price. But in doing so, they missed a dend to 50 cents a share, giving it In options trading, a call option is um-sized businesses can build
ny. Think tens or hundreds of mil- golden opportunity. At its Oct. 3, an annualized yield of around a bullish bet on a stock. A put op- their own, scalable online store.
lions of dollars or more. 2018, peak of 233, Apple gained as 3.2%. Restaurant Brands is work- tion is a bearish bet. One call option Business has been booming for the
So a stock that may seem expen- much as 97%. ing on a cup-with-handle base contract gives the holder the right company, a big stock market win-
sive may actually deliver a tremen- Apple is no isolated case. On Mar- with a 64.27 buy point. Earnings to buy 100 shares of a stock at a ner after an IPO in May 2015 at 17 a
dous amount of value over the long ketSmith, check out the historical are due Monday before the open. specified price, known as the strike share. Technically, the stock is in a
run. As time passes, investors who charts of numerous big winners Results from enterprise soft- price. A put option gives the holder late-stage base. But Shopify has
sat out may realize that the old high among the FANG crowd and other ware firm ShopifySHOP are due the right to sell 100 shares of a been consolidating in a base-on-
(i.e., expensive) price at the break- top-notch stocks outside the tech Monday after the close. Earnings stock at a specified price. You earn base pattern for nearly a year, so it
out was low. How does this hap- realm. Many of these big winners reports in the software sector have profits when the stock falls below could be primed for another major
pen? As such rare gems in the stock staged an excellent breakout at been outstanding, and another the strike price with a put option. run. Its relative strength line has al-
market deliver quarter after quar- share prices ranging from high dou- quarter of strong growth is expect- Once youve identified some bull- ready hit a new high, a bullish sign.
ter, year after year of superior top- ble digits to triple digits. ed at Shopify. According to Zacks, ish earnings setups for a call op- In the latest week, when shares
and bottom-line growth, the herd As of last Mondays close, the aver- adjusted earnings are seen rising tion, check strike prices with your were trading around 172, an out-of-
mentality of the institutional crowd age share price of IBD 50 firms 40% to 21 cents a share, with sales brokerage. Look for a strike price the-money weekly call option
on Wall Street gains momentum. came in at 85.23. The median share up 47% to $326.96 million. just above the underlying stock with a 172.50 strike price (Feb. 15.
Demand outstrips supply. price? Just under 70. QualysQLYS is thinly traded in the price (out of the money) and check expiration) came with a premium
Your job as an investor? Ride the Sixteen members, a third of the options trading market, but its the premium. The premium ideal- of around $8, or 4.6% of the under-
coat tails of the big boys and girls on list, trade at least 100 a share. Those near highs as the security software ly should not exceed 4% of the un- lying stock price at the time.
Wall Street. who stubbornly stick with stocks stock works on the right side of a derlying stock price at the time. In Thats a pricey trade, but some-
So dont be fooled by what may trading below 20 a share might feel cup-shaped base. Results are due some cases, an in-the-money times pricey trades can pay off.
seem like a high share price. Re- deprived. Only Granite Point Tuesday after the close. strike price is OK as long as the pre- One contract gave the holder the
member, a company could easily Mortgage TrustGPMT, Medical CyberArkCYBR, a group peer of mium isnt too expensive. right to buy 100 shares of Shopify
split shares 2-for-1 or 4-for-1 to arti- Properties TrustMPW and Gray Qualys, is still holding above an This options trading strategy lets at 172.50 for a cost of $800, exclud-
ficially cut the price down. That TelevisionGTN made the screen. 81.98 handle buy point ahead of its you capitalize on a bullish earn- ing commission. When taking the
does not change the intrinsic value XilinxXLNX, which ranked No. 30 as earnings report Thursday before ings report without taking too premium into account, Zendesk
of the stock. Ultimately, fluctua- of Thursday, vaulted past a 95.28 the open. much risk. Risk is equal to the cost would have to rally over 180.50 for
tions in supply (whos willing to proper buy point in a seven-week New issue YetiYETI is volatile, but of the option. If the stock gaps the trade to start making money. If
sell) and demand (whos willing to cup without handle base. The Jan. the maker of high-end coolers and down on earnings, the most that Shopify goes the wrong way on
buy) determine the stocks 24 breakout, a breakaway gap, has beverage holders is setting up in a can be lost is the amount paid for earnings, the most that can be lost
strength. spurred an advance of as much as cup-with-handle base with a 19.30 the contract. on this trade is the amount paid for
If you could only buy just a hand- 21%. buy point. Results are due Thurs- In some cases, the first available the contract: $800.
ful of shares, should that deter you In late January, former Leader- day before the open. out-of-the-money strike price will The fast-casual chain soared
from grabbing a piece of the best board name AtlassianTEAM broke out A basic options trading strategy be too far away from the underly- Thursday after reporting stellar re-
growth stocks? Absolutely not. for the second time after an initial around earnings using call options ing stock price to make sense. In sults. Just ahead of earnings,
What matters more is the size of the move past an 89.92 buy point did allows you to buy a stock at a prede- other words, the stock would have when shares were trading around
investment in a top market leader, not gain much traction. This past termined price without taking a to rally a lot just for the trade to 526, a slightly in-the-money week-
not how many shares are in the actu- week, the collaboration software in- lot of risk. Heres how the options start making money. This is espe- ly call option with a 525 strike
al investment account. novator hit as high as 104.50, up trading strategy works: cially true when strike prices are price (Feb. 8 expiration) came
Lets say you had $5,000 to invest 16%. First, identify top-rated stocks in increments of five points. In this with a premium of around $20.75,
at the start of 2017. Along came Ap- Trade the IBD 50 in one click with with bullish charts. Some might be case, look for an in-the-money op- or 3.9% of the underlying stock
pleAAPL, which was just beginning to Innovator IBD 50 ETFFFTY, managed setting up in sound bases. Others tion, as long as its reasonably price. Shares of Chipotle closed
turn around its sales and get back to by Innovator Capital. might already have broken out priced. Thursday at 585.69, up 11.3%.

Weekly Stocks On The Move Earnings Calendar


Notable results expected over the next week
Weeks big-volume stocks vs. their 10-week average volume. Stocks $20 or
more & 60,000 avg. volume. Stocks up in price have 70 EPS & RS & available Expected Options Premium
Report Composite next qtr strike as % to Days to
annual EPS estimate 15%+. Stocks boldfaced are 80 or more EPS & RS. Company Symbol expected Rating EPS % chg Industry price stock price expiration
SMARTSELECT COMPOSITE RATING Molina Healthcare MOH 2/11/19 88 144.4% Medical-Managed Care $140.0 3.5% 5
Week Week Week Restaurant Brands QSR 2/11/19 95 1.5 Retail-Restaurants 65.0 0.7 5
Rel Grp Acc 52-Wk Stock Closing Price PE Float Vol Vol% Brixmor Property BRX 2/11/19 96 -19.2 Finance-Property REIT 20.0 0.3 5
6| EPS | Str | Rtg | Dis | High | Stock Name | Symbol | Price | Chg | Ratio | (mil) | (1000s) | Chg
Chegg CHGG 2/11/19 96 40.0 Consumer Svcs-Education 35.0 4.7 5
98 72 98 A+ A 78.85 Zendesk o ZEN 76.38 +7.30 318 102 21,288 +122 Bruker BRKR 2/11/19 97 5.9 Elec-Scientific/Msrng 37.5 1.4 5
RingCentral RNG 2/11/19 99 157.1 Computer Sftwr-Enterprse 105.0 2.0 5
99 94 98 A+ B 179.2 Paycom Software o PAYC 175.96 +25.1 66 49 6,806 +117 Under Armour UAA 2/12/19 34 n.a. Apparel-Clothing Mfg 21.0 5.8 5
99 95 97 A C 115.4 Ubiquiti Networks o UBNT 124.53 +14.9 28 15 3,264 +96 Shopify SHOP 2/12/19 85 33.3 Computer Sftwr-Enterprse 177.5 4.0 5
99 95 97 A+ A 88.47 Paylocity PCTY 82.65 +9.59 90 31 2,199 +94 WEC Energy WEC 2/12/19 85 -11.3 Utility-Diversified 75.0 0.6 5
Arch Capital ACGL 2/12/19 86 -15.6 Insurance-Prop/Cas/Titl 35.0 0.4 5
92 96 86 E B 59.57 Malibu Boats MBUU 44.45 +3.45 14 20 2,041 +91 Welltower WELL 2/12/19 86 1.0 Finance-Property REIT 77.5 1.0 5
86 78 87 C+ B 129.5 Carlisle Cos. CSL 119.31 +10.5 20 58 3,570 +83 Retail Pptys Of America RPAI 2/12/19 89 0.0 Finance-Property REIT 15.0 0.8 5
94 84 97 A+ C 79.48 Omnicell o OMCL 76.80 +12.4 37 38 2,802 +79 US Foods USFD 2/12/19 91 34.1 Wholesale-Food 35.0 2.8 5
Exelixis EXEL 2/12/19 94 100.0 Medical-Biomed/Biotech 22.0 4.3 5
89 72 95 A+ B 46.09 Ceridian HCM CDAY 44.91 +3.54 ... 24 4,136 +66 Douglas Emmett DEI 2/12/19 95 6.1 Finance-Property REIT 40.0 0.3 5
95 87 92 A B+ 39.45 Performance Food PFGC 38.24 +4.23 23 101 5,112 +47 Medidata MDSO 2/12/19 95 -9.8 Computer Sftwr-Medical 75.0 3.3 5
97 89 85 B A 104.2 Microchip Tech o MCHP 87.41 +5.54 13 229 23,796 +47 Steris STE 2/12/19 95 11.6 Medical-Systems/Equip 120.0 1.4 5
UDR UDR 2/12/19 95 6.5 Finance-Property REIT 45.0 0.3 5
98 94 84 A+ A+ 96.77 Spirit Aerosys o SPR 93.58 +5.77 15 105 6,646 +47 HubSpot HUBS 2/12/19 97 150.0 Comp Sftwr-Spec Enterprs 170.0 2.9 5
98 89 92 B A 78.29 LPL Financial o LPLA 76.73 +1.61 16 84 6,011 +44 Cornerstone OnDemand CSOD 2/12/19 98 21.1 Comp Sftwr-Spec Enterprs 60.0 2.5 5
98 73 80 A+ B+ 105.9 Genuine Parts o GPC 102.84 +1.96 19 142 6,894 +44 Rexford Industrial Rlty REXR 2/12/19 98 3.8 Finance-Property REIT 35.0 4.7 5
94 72 94 B+ A 67.10 Q2 QTWO 62.90 +2.64 331 36 2,248 +39 Qualys QLYS 2/12/19 99 25.0 Computer Sftwr-Security 95.0 3.9 5
Twilio TWLO 2/12/19 99 233.3 Computer Sftwr-Enterprse 115.0 7.0 5
99 86 96 A+ B+ 428.8 TransDigm o TDG 425.39 +32.2 29 50 2,716 +37 Pioneer Natural Resource PXD 2/13/19 36 32.8 Oil&Gas-U S Expl&Prod 136.0 2.9 6
77 73 76 B C+ 85.00 Brinks o BCO 75.58 +0.91 22 49 2,684 +35 Marathon Oil MRO 2/13/19 37 114.3 Oil&Gas-Integrated 15.5 1.9 5
90 87 88 B B 31.62 Boot Barn o BOOT 25.05 +1.84 19 28 7,519 +33 Cisco Systems CSCO 2/13/19 76 14.3 Computer-Networking 47.5 2.1 5
CBRE CBRE 2/13/19 85 14.1 Real Estate Dvlpmt/Ops 50.0 0.2 5
94 92 97 B+ D+ 121.9 Euronet Worldwide o EEFT 126.57 +11.2 23 47 3,055 +27 Healthcare Realty Trust HR 2/13/19 86 5.3 Finance-Property REIT 35.0 0.4 5
85 72 97 B B+ 22.19 Canadian Solar o CSIQ 20.57 +0.81 7 44 4,676 +25 Waste Connections WCN 2/13/19 86 15.4 Pollution Control 85.0 1.0 5
99 97 99 A C+ 161.5 Trade Desk TTD 146.18 +0.92 69 35 6,727 +24 Urban Edge Properties UE 2/13/19 87 -5.9 Finance-Property REIT 22.5 0.6 5
AllianceBernstein AB 2/13/19 88 -23.8 Finance-Investment Mgmt 35.0 0.2 5
78 82 82 D+ B+ 54.50 Domtar o UFS 49.65 +3.13 11 62 5,569 +22 Black Knight BKI 2/13/19 90 27.0 Computer Sftwr-Financial 55.0 0.3 5
99 96 98 A+ B+ 65.45 Alarm.com o ALRM 64.83 +2.50 50 30 3,292 +20 Federal Rlty FRT 2/13/19 90 6.1 Finance-Property REIT 140.0 0.6 5
92 96 86 A B 40.92 US Foods USFD 34.66 +1.48 18 215 11,498 +19 First Industrial Rlty FR 2/13/19 90 0.0 Finance-Property REIT 35.0 0.4 5
81 76 72 B C 88.34 Fortive FTV 76.82 +2.49 25 290 10,561 +19 Criteo CRTO 2/13/19 91 -39.7 Comml Svcs-Advertising 27.5 3.7 5
HCP HCP 2/13/19 92 -10.4 Finance-Property REIT 32.5 0.2 5
99 99 98 A B 80.92 BioTelemetry o BEAT 73.98 +1.64 44 30 3,629 +17 Gaming and Leisure Pptys GLPI 2/13/19 94 9.1 Finance-Property REIT 39.0 0.5 5
Canopy Growth CGC 2/14/19 66 -1,300.0 Consumer Prod-Specialty 46.0 5.1 5
55 16 83 B C+ 42.60 Vocera Comm o VCRA 32.33 8.78 63 29 6,267 +253 Nvidia NVDA 2/14/19 71 -57.9 Elec-Semicondctor Fablss 149.0 1.0 5
87 99 16 A+ B+ 43.63 Carbonite o CARB 23.85 4.79 14 31 5,965 +247 Sonoco SON 2/14/19 85 12.5 Containers/Packaging 60.0 0.6 5
30 11 27 A+ C+ 39.38 Tenable TENB 27.00 1.39 ... 19 5,278 +178 TransUnion TRU 2/14/19 86 26.0 Financial Svcs-Specialty 65.0 0.7 5
AMN Healthcare AMN 2/14/19 87 25.4 Comml Svcs-Staffing 65.0 2.9 5
73 72 63 B+ E 91.16 Tabula Rasa Hlthcre TRHC 52.81 4.68 81 18 3,897 +168 Coca-Cola KO 2/14/19 87 10.3 Beverages-Non-Alcoholic 49.5 1.2 5
43 6 94 D C+ 31.18 Pinduoduo PDD 25.95 3.01 ... 285 56,619 +157 Aarons AAN 2/14/19 88 58.5 Retail-Consumer Elec 50.0 4.7 5
29 21 20 C+ D 139.9 Take2 Intr Sftwr o TTWO 97.14 7.81 45 112 36,649 +147 Ameren AEE 2/14/19 89 -17.9 Utility-Diversified 75.0 0.3 5
Waste Management WM 2/14/19 90 24.7 Pollution Control 97.5 1.2 5
27 14 61 B D 35.37 Luminex o LMNX 24.62 3.15 50 42 3,698 +135 Zoetis ZTS 2/14/19 92 11.6 Medical-Ethical Drugs 87.0 2.2 5
47 50 41 C+ B 89.83 Enersys ENS 74.68 11.6 16 41 3,853 +135 IQVIA IQV 2/14/19 93 5.0 Medical-Research Eqp/Svc 130.0 1.8 5
56 47 38 A+ C+ 37.95 Natus Medical o BABY 29.97 3.46 21 32 4,408 +124 Trex TREX 2/14/19 94 28.6 Bldg-Constr Prds/Misc 75.0 3.1 5
45 80 29 D+ B 33.50 Advanced Drainge Syst WMS 24.41 0.68 22 45 2,916 +114 BlackLine BL 2/14/19 95 -66.7 Comp Sftwr-Spec Enterprs 50.0 2.1 5
Healthcare Trust HTA 2/14/19 95 -2.4 Finance-Property REIT n.a. n.a. n.a.
30 39 12 C+ C+ 55.50 Tapestry TPR 33.86 4.77 13 287 43,900 +108 Incyte INCY 2/14/19 97 164.8 Medical-Biomed/Biotech 82.5 1.9 5
57 87 30 B D+ 49.97 Healthcare Svcs HCSG 38.75 2.84 34 73 7,287 +108 LogMeIn LOGM 2/14/19 97 17.5 Computer Sftwr-Enterprse 95.0 4.9 5
76 97 40 C+ C 39.56 Triton International o TRTN 31.92 3.65 8 78 4,851 +107 Zebra Tech ZBRA 2/14/19 97 26.2 Elec-Misc Products 180.0 3.5 5
Cyberark Software CYBR 2/14/19 99 43.9 Computer Sftwr-Security 89.0 4.6 5
77 99 25 A D 287.8 Inogen o INGN 136.72 15.5 63 17 4,128 +102 MGM Growth Props MGP 2/14/19 99 11.5 Finance-Property REIT n.a. n.a. n.a.
45 45 28 A+ D 117.6 Haemonetics HAE 83.25 13.4 38 50 4,999 +100 SS&C Technologies SSNC 2/14/19 99 57.4 Computer Sftwr-Financial 55.0 1.4 5
31 30 23 A E 61.02 Sony o SNE 44.29 1.86 10 1.3b 11,456 +91 PepsiCo PEP 2/15/19 72 13.7 Food-Packaged 114.0 0.9 5
Portland General Electrc POR 2/15/19 87 -20.9 Utility-Electric Power n.a. n.a. n.a.
84 62 98 D C 60.58 Etsy o ETSY 53.15 1.23 124 117 22,826 +81 Enbridge ENB 2/15/19 89 -4.1 Oil&Gas-Transprt/Pipelne n.a. n.a. n.a.
34 72 27 D C 199.0 Spotify Tech SPOT 134.71 2.50 ... 60 15,094 +77 Yandex YNDX 2/15/19 90 28.6 Internet-Content 33.5 3.4 5
27 47 37 D D 109.6 Hasbro o HAS 89.39 1.39 23 118 11,723 +75 Deere & Co DE 2/15/19 96 34.4 Machinery-Farm 165.0 2.0 5
Arbor Realty Trust ABR 2/15/19 97 12.0 Finance-Mortgage REIT n.a. n.a. n.a.
55 93 58 B+ E 77.13 Dunkin' Brands o DNKN 67.51 0.76 23 80 7,964 +74
Read how to trade stocks with less risk ahead of earnings news at investors.com/optionstrategy
47 52 22 A+ D+ 77.35 Cubic CUB 57.95 6.02 121 31 2,410 +73 Sources: IBD, Thomson Reuters, CBOE 2/8/2019

Copyright 2019 Investor's Business Daily Inc.


INVESTOR'S BUSINESS DAILY WEEK OF FEBRUARY 11, 2019 B3
16 Cadence Design (CDNS) Grp 28 o$50.91 Horizon Pharma (HZNP) Grp 56 o$22.90 Lululemon (LULU) Grp 88 o$148.62
273.7M Shares 99 Comp. Rating 94 EPS RS 92 ROE 45% 17 157.8M Shares 98 Comp. Rating 91 EPS RS 96 ROE 17% 18 87.1M Shares 97 Comp. Rating 89 EPS RS 97 ROE 24%
Develops electronic design automation software/related hardware Develops therapeutics for the treatment of arthritis, pain and Operates and franchises 406 athletic apparel stores in U.S., Cana-
for electronics companies in circuit design. inflammatory diseases. da, Australia, UK, New Zealand.
+16% Ann. EPS Gro PE 29 Avg. D. Vol 1,625,900 Debt 65% -11% Ann. EPS Gro PE 16 Avg. D. Vol 1,467,300 Debt 191% +22% Ann. EPS Gro PE 44 Avg. D. Vol 2,908,200 Debt 0%
Last Qtr Eps +40%5 Prior Qtr +32%5 Last Qtr Sales +10% Last Qtr Eps +150%5 Prior Qtr +17%5 Last Qtr Sales +20% Last Qtr Eps +34%6 Prior Qtr +82%5 Last Qtr Sales +21%
3 Qtrs EPS ) 15% 2 Qtrs EPS ) 15% 5 Qtrs EPS ) 15%
Eps Due 2/19 Eps Due 2/27 Eps Due 3/27e
R&D 41% R&D 21%
Acc/Dis B Acc/Dis B+ Acc/Dis B
Sup/Demand 90

Edges out of buy zone; 47.50 entry of choppy base. In buy range after breakout from cup w/ handle; 22.76 entry. Forming cup with handle with 152.91 buy point.

19 Vici400.7MProperties (VICI) Grp 22 $21.69 RealPage (RP) Grp 8 o$58.20 PRA Health Sciences (PRAH) Grp 68 o$106.54
Shares 98 Comp. Rating 99 EPS RS 83 ROE 2% 20 70.4M Shares 99 Comp. Rating 96 EPS RS 85 ROE 17% 21 64.3M Shares 96 Comp. Rating 93 EPS RS 89 ROE 26%
REIT that owns, acquires and develops experiential real estate as- Provides on-demand software for managing, screening, leasing and Provides outsourced clinical development services to the biotech/
sets across gaming, hospitality and others. accounting in the rental housing industry. pharmaceutical industries via 70 offices.
SMARTSELECT COMPOSITE RATING +184% Ann. EPS Gro PE 19 Avg. D. Vol 4,251,200 Debt 102% +38% Ann. EPS Gro PE 42 Avg. Daily Vol 778,300 Debt 70% +30% Ann. EPS Gro PE 27 Avg. Daily Vol 504,800 Debt 132%
Rel Annual Last Qtr NxtQtr Last Qtr
EPS Str EPS Est EPS EPS Sales
Mgt
Pretax Own
Last Qtr Eps+3400%6 Prior Qtr+3700%5 Last Qtr Sales+5573% Last Qtr Eps +73%5 Prior Qtr +61%6 Last Qtr Sales +33% Last Qtr Eps +28%5 Prior Qtr +27%6 Last Qtr Sales +23%
Rank Company Price Rtg Rtg % Chg % Chg % Chg % Chg ROE mrgn % 4 Qtrs EPS ) 15% 4 Qtrs EPS ) 15% 6 Qtrs EPS ) 15%
6
Eps Due 3/8e Eps Due 2/25 Eps Due 2/27
COMPANIES 16-30 R&D 13%
Acc/Dis B Acc/Dis B Acc/Dis C
16 Cadence Design 50.91 99 94 92 +30 +40 +21 +10 45 26
In design software group; expert in verification process automation.
2

17 Horizon Pharma 22.90 98 91 96 +44 +150 +86 +20 17 27


7Irelandbased drug maker is a leading player in arthritis treatments.
4
Forms V-shaped base with 22.47 entry. Forming a cup base with 66.35 buy point. Cup-shaped base shows 122.08 entry.

18 Lululemon 148.6 97 89 97 +44 +34 +31 +21 24 19


7Continues to innovate in field of yogawear, athletic apparel.
1
22 Syneos Health (SYNH) Grp 68 $50.69 Mastercard (MA) Grp 50 o$216.58 LPL Financial (LPLA) Grp 77 o$76.73
54.7M Shares 96 Comp. Rating 92 EPS RS 90 ROE 14% 23 878.0M Shares 98 Comp. Rating 92 EPS RS 89 ROE 88% 24 84.1M Shares 98 Comp. Rating 89 EPS RS 92 ROE 28%
Provides Phase I to IV clinical development services for the biophar- Provides global payment solutions supporting the credit/debit pay- Provides brokerage/investment advisory services to over 15,000 fi-
1 maceutical and medical device industries. ment programs of financial institutions. nancial advisors at 700 firms.
19 Vici Properties 21.69 98 99 83 +999 +999 +217 +999
REIT is one of largest owners of gaming, hospitality sites in U.S.
2 21
+7% Ann. EPS Gro PE 19 Avg. Daily Vol 638,300 Debt 97%
Last Qtr Eps +39%5 Prior Qtr +24%5 Last Qtr Sales +36%
+26% Ann. EPS Gro PE 33 Avg. D. Vol 4,740,300 Debt 99%
Last Qtr Eps +36%5 Prior Qtr +33%6 Last Qtr Sales +15%
+34% Ann. EPS Gro PE 16 Avg. Daily Vol 836,600 Debt 247%
Last Qtr Eps +66%6 Prior Qtr +80%5 Last Qtr Sales +18%
58.20 99 96 85 +60 +73 +46 +33 17 18 25 2 Qtrs EPS ) 15% 6 Qtrs EPS ) 15% 7 Qtrs EPS ) 15%
20 RealPage
7Its data analytics software serves 12,400 real estate clients. Eps Due 2/28 Eps Due 4/30 Eps Due 5/1

21 PRA Health Sciences 106.5 96 93 89 +27 +28 +22 +23 26 13


7Provides clinical development services to the biotech industry.
1 Acc/Dis B- Acc/Dis B Acc/Dis A

22 Syneos Health 50.69 96 92 90 +20 +39


7Provider of clinical trials has over 300 customers.
+16 +36 14 18 1

V-shaped base shows 53.94 buy point. Breaks out past 210.01 double-bottom entry; in buy range. Extended after breakout over 71.75 handle buy point.
23 Mastercard 216.6 98 92 89 +16 +36 +11 +15 88 53
7Company sees growth in transactions as consumer health improves.
3
25 VMware (VMW) Grp 8 o$157.71 Willis Towers Watson (WLTW) Grp 4 $167.82 PayPal (PYPL) Grp 50 o$91.87
76.1M Shares 94 Comp. Rating 85 EPS RS 97 ROE 0% 26 128.6M Shares 97 Comp. Rating 93 EPS RS 85 ROE 11% 27 1166M Shares 97 Comp. Rating 91 EPS RS 89 ROE 15%
3 Provides virtualization software enabling organizations to run multi- U.K.-based broker of insurance and reinsurance products for firms Provides digital and mobile payments on behalf of consumers and
24 LPL Financial 76.73 98 89 92 +35 +66 +59 +18 28
7Higher commissions, advisory fees driving broker's bottom line.
9
ple operating systems.
+16% Ann. EPS Gro PE 26 Avg. D. Vol 1,770,800 Debt 54%
in aerospace, marine and energy worldwide.
+7% Ann. EPS Gro PE 17 Avg. Daily Vol 844,400 Debt 44%
merchants worldwide.
+24% Ann. EPS Gro PE 38 Avg. D. Vol 9,394,900 Debt 0%
.. 34 30 Last Qtr Eps +27%5 Prior Qtr +14%6 Last Qtr Sales +14% Last Qtr Eps +81%5 Prior Qtr +18%5 Last Qtr Sales +14% Last Qtr Eps +25%6 Prior Qtr +26% Last Qtr Sales +13%
25 VMware 157.7 94 85 97 +17 +27 +12 +14
7Software allows organizations to aggregate multiple servers.
1 Qtrs EPS ) 15%
Eps Due 2/27
3 Qtrs EPS ) 15%
Eps Due 5/7e
9 Qtrs EPS ) 15%
Eps Due 4/23
1 R&D 22% R&D 7%
26 Willis Towers Watson 167.8 97 93 85 +12 +81 +13 +14 11 18
Insurance broker specializes in aerospace, energy, marine fields. Acc/Dis B- Acc/Dis C Acc/Dis B

27 PayPal 91.87 97 91 89 +19 +25 +19


Former eBay subsidiary a top player in epayment business.
+13 15 21 1

28 Store Capital 32.42 98 86 93 +93 +53 +110 +24 6 27


7Arizonabased commercial real estate REIT also serves as lender.
1 Extends above 151.90 buy point of three-weeks-tight pattern.
Store Capital (STOR) Grp 22 o$32.42
Breaking out of long consolidation with 165.10 buy point.
Xilinx (XLNX) Grp 5 o$113.69
Just below 92.45 buy point of handle in choppy base.

28 185.2M Shares 98 Comp. Rating 86 EPS RS 93 ROE 6% 29 250.5M Shares 99 Comp. Rating 79 EPS RS 98 ROE 21% 30 SS&C Tech (SSNC) Grp 57 o$52.94
197.2M Shares 99 Comp. Rating 96 EPS RS 79 ROE 17%
29 Xilinx 113.7 99 79 98 +37 +42 +66 +34 21 29
Chip designer focuses on gate arrays, 3D circuits, systems on a chip.
1
REIT owns 1,921 single-tenant commercial real estate properties in
48 states operated under long-term netleases.
Designs field programmable gate arrays and complex programma-
ble logic devices.
Provides software for the financial services industry to support in-
vestment management and other functions.
+15% Ann. EPS Gro PE 32 Avg. D. Vol 1,910,300 Debt 82% +13% Ann. EPS Gro PE 37 Avg. D. Vol 3,691,900 Debt 52% +23% Ann. EPS Gro PE 21 Avg. D. Vol 1,974,100 Debt 75%
30 SS&C Tech 52.94 99 96 79 +45 +58 +57 +137 17 33 18
Specializes in portfolio management software for asset managers.
Last Qtr Eps +53%5 Prior Qtr -11%6 Last Qtr Sales +24%
1 Qtrs EPS ) 15%
Last Qtr Eps +42%5 Prior Qtr +30%5 Last Qtr Sales +34%
3 Qtrs EPS ) 15%
Last Qtr Eps +58%5 Prior Qtr +35%5 Last Qtr Sales+137%
12 Qtrs EPS ) 15%
Eps Due 2/21 Eps Due 4/24 Eps Due 2/14
R&D 25% R&D 9%
Know Your Company! Acc/Dis B Acc/Dis B Acc/Dis B
Pick stocks with strong fundamentals & sound base patterns. Verify Sup/Demand 82
CAN SLIM vitals big earnings, sales, return on equity or profit
margins, fund sponsorship & market in uptrend. Read stock story on
investors.com. Check a chart. Is your stock near a sound buy point? In buy range after breakout from flat base; 31.15 entry. Extended after breakout from cup-without-handle base. Consolidating but 52.50 is resistance level to watch.
Or is its price extended over 5% from a chart base and more risky?

Curr Prior Under Sales Rel


Company Earnings Reports Company Name Symbol Industry
Closing Qtr
Price Erns
Yrs Qtr EPS /Over Sales % EPS Str
Erns %Chg Est % (Mil) Chg Rtg Rtg
Dividends
IBDs earnings reports show stock symbols, industry, % above or below
estimates, EPS and Relative Strength Ratings. EPS growth over 25% is Paramount Gold Nev PZG Mining-Gld/Silvr/Gms .98 0.06 vs 0.08 .. .. 0.1 .. 30 19 Record Payment
boldfaced. Entire line is bolded if EPS Rating is also over 85 & quarter beat Park City PCYG Cmp Sftwr-Spc-Entr 7.84 0.09 vs 0.07 +28.6a +80 5.6 2.8 96 27 Period Amt. DateDate
estimates. Arrows show earnings or sales acceleration or deceleration PC Connection CNXN Wholesale-Elect 39.16 0.76 vs 0.54 +40.7` +21 710 6.9 76 96
IRREGULAR
vs. prior quarter % change. All earnings are for current quarter. Nonrecur- Pennymac Mtg PMT Finance-Mrtg-Reit 21.32 0.55 vs 0.32 +71.9a +34 83.9 10 71 89
Graftech Intl Ltd .............Q .70 2-27 3-29
ring items may be excluded from earnings per share. Phillips 66 PSX Oil&Gas-Rfing/Mkt 93.52 4.87 vs 1.07 +355` +62 29843 0.9 79 27 y- Pay date unannounced.
Phillips 66 Partners PSXP Oil&Gas-Trnsprt/Pip 49.15 1.09 vs 0.83 +31.3a +6.9 393 +19a 97 58 z- Approx. amount per ADR or ADS.
Curr Prior Under Sales Rel
Closing Qtr Yrs Qtr EPS /Over Sales % EPS Str Pixelworks PXLW Elec-Semicon Fblss 3.35 0.03 vs 0.01 +400` +50 20.5 +11a 72 13 STOCK
Company Name Symbol Industry Price Erns Erns %Chg Est % (Mil) Chg Rtg Rtg Pro Dex PDEX Medical-Products 15.20 0.28 vs 0.58 +148` +180 6.4 +15a 72 99 Celldex Therapeutics ......x ... ... ...
PROS PRO Comptr Sftwr-Entr 38.01 0.06 vs 0.13 .. .. 52.6 +14a 37 90 x- 1 for 15 reverse split, effective 02/11.
53 Up Pulse Biosciences
Radian
PLSE
RDN
Medical-Systems/Eqp
Insrnce-Prp/Cas/Titl
16.12 0.51
19.56 0.70
vs 0.53 .. ..
vs 0.51 +37.3a +6.1
....
332
..
+4.3a
17
95
89
77 INCREASED New
Brookfield Renew Pt .......Q .515 2-27 3-29
Angi Homeservices ANGI Internet-Content 16.72 0.07 vs 0.06 +217a +133 279 +25a 72 76 Rhinebeck Bancorp Inc RBKB Finance-Cmrcl Loan 11.44 0.25 vs 0.14 +78.6 .. 10.8 +30` 85 55 CAE Inc g ..........................Q .10 3-14 3-29
Applied Dna Sciences APDN Security/Sfty .45 0.11 vs 0.12 .. .. 0.9 +35` 18 2 Solarwinds SWI Intrnt-Netwk Sltns 18.05 r0.05 vs 0.13 .. .. 221 +12a 21 93 CME Group Cl A ...............Q .75 3-8 3-25
Community Hlthcare .......Q .4075 2-21 3-1
Arconic ARNC Mining-Metal Ores 17.10 0.33 vs 0.31 +6.5a +10 3472 +6.1a 44 18 Tel Instrument Elec TIK Aerospace/Defense 5.10 0.21 vs 0.06 +450 .. 4.0 +51` 59 99
Hasbro Inc .......................Q .68 5-1 5-15
Avista AVA Utility-Diversified 41.07 r0.70 vs 0.58 +20.7a +7.7 .... .. 79 15 Telenav TNAV Telcom Svc-Wirles 4.96 r0.10 vs 0.19 .. .. 57.2 6.9 32 75
Lear Corp..........................Q .75 2-28 3-20
BRT Apartments BRT Finance-Property Reit 13.05 r0.51 vs 0.45 +13.3 +155 31.4 +11` 61 83 Ubiquiti Networks UBNT Telcom-Infrastr 124.5 1.33 vs 0.76 +75.0` +23 307 +23` 95 97 Moelis...............................Q .50 2-19 3-29
Buckeye BPL Oil&Gas-Rfing/Mkt 30.95 r3.13 vs 0.85 +268 +256 1075 +14 38 18 Virtusa VRTU Cmpter-Tech Srvcs 49.83 0.61 vs 0.47 +29.8a +3.4 315 +19a 75 66 New York Times ..............Q .05 4-3 4-18
Carbonite CARB Comptr Sftwr-Entr 23.85 0.45 vs 0.30 +50.0a +7.1 77.0 +25a 99 16 Zayo ZAYO Telcom-Infrastr 26.31 r0.13 vs 0.12 +8.3 7.1 639 2.1 24 29 Power Integrations ........Q .17 2-28 3-29
Primerica Inc ...................Q .34 2-19 3-15
Century Communities CCS Bldg-Rsidnt/Comml 22.93 1.11 vs 1.01 +9.9a +23 652 +24a 87 31 RenaissanceRe Hldg ......Q .34 3-14 3-29
Charles & Colvard
ClevelandCliffs
CTHR Retail/Whlsle-Jwlry
CLF Mining-Metal Ores
1.06 0.05 vs 0.03 +66.7a .. 10.1 +19` 70 48
11.83 2.03 vs 0.29 +600` +238 696 +36` 74 97
25 Down Walker&Dunlop ..............Q
REGULAR
.30 2-26 3-7
Apache Corp ...................Q .25 4-18 5-22
Columbia Sportswr COLM Apprel-Clthing Mfg 106.9 1.68 vs 1.31 +28.2` +31 918 +18` 87 95 A10 Networks ATEN Comptr Sftwr-Entr 6.48 0.05 vs 0.06 16.7 +400 61.8 +11 17 75 Avnet Inc..........................Q
.20 3-11 3-26
Consol Coal Resrces CCR Energy Coal 17.38 0.60 vs 0.51 +17.6a +25 89.3 +13 54 75 Bean Roofing Spply BECN Retl Whsle Bldg Prds 33.89 0.60 vs 0.68 11.8 +9.1 1722 +53` 58 48 Black Hills Corp ..............Q
.505 2-14 3-1
Consol Energy CEIX Energy Coal 33.23 1.41 vs 1.06 +33.0 +66 382 +8.5 35 22 BSB Bncrp BLMT Banks-Northeast 33.30 r0.49 vs 0.51 3.9 .. 27.6 +24a 84 88 Black Stone Minerial.......Q .37 2-14 2-26
Egain EGAN Comptr Sftwr-Entr 10.99 0.08 vs 0.02 +300 .. 17.7 +15` 72 96 CAE CAE Aerospace/Defense 20.81 0.29 vs 0.38 23.7 +21 816 1.4 63 88 Brookfield Bus Part .........Q
.0625 2-27 3-29
Buckeye Partners ...........Q .75 2-14 2-26
ESSA Pharma EPIX Medical-Biomed/Bth 3.82 0.42 vs 1.44 .. .. .... .. 43 90 Capstone Turbine CPST Electrical Power/Eqpmt .79 0.05 vs 0.01 .. .. 18.0 21 10 14 CH Robinson Wrldwide ...Q .50 2-28 3-29
Euronet Worldwide EEFT Finance-Card/Pmtpr 126.6 1.37 vs 1.13 +21.2a +7.0 649 +7.4a 92 97 Coty COTY Cosmetics/Persnl Cre 9.33 0.24 vs 0.32 25.0 +9.1 2511 4.8 27 17 Coty Inc ............................Q
.125 2-27 3-15
Exelon EXC Utility-Diversified 47.72 0.58 vs 0.56 +3.6` +1.8 8814 +5.1a 51 90 CSS Industries CSS Consumr Prod-Speci 6.88 0.74 vs 1.23 39.8 54 133 +2.0a 10 3 Diamondback Energy ......Q .125 2-20 2-28
FFBW FFBW Financ-Svings & Lo 11.22 0.04 vs 0.06 +167a .. 2.9 +5.5a 72 76 FBL Financial FFG Insurance-Life 68.41 0.75 vs 0.92 18.5 18 159 14 54 38 Esco Technologies ...........Q .08 4-2 4-18
Franco-Nevada g ............Q .24 3-13 3-28
Fluidigm FLDM Medical-Systems/Eqp 9.35 0.06 vs 0.08 .. .. 32.3 +17a 31 96 Good Times Restrnts GTIM Retail-Restaurants 2.53 0.08 vs 0.05 .. .. 25.4 +11a 14 10 H&E Equipment Svcs.......Q .275 2-19 3-8
Forescout Tech FSCT Cmp-Hrdwre/Perip 36.44 0.01 vs 0.42 .. .. 84.7 +35` 55 94 Goodyear Tire & Rubbr GT Auto/Trck-Tirs & M 18.69 0.51 vs 0.99 48.5 7.3 3876 4.8 27 13 Hasbro Inc .......................Q
.63 4-30 5-15
Fortive FTV Mchnry-Gen Indstrl 76.82 0.91 vs 0.70 +30.0` +7.1 1758 +11a 76 72 Hasbro HAS Leisr-Tys/Gms/Hbby 89.39 1.33 vs 2.22 40.1 20 1389 13 47 37 Hawkins Inc ....................S
.23 2-21 3-8
Janus Henderson Grp ......Q .36 2-15 2-26
Forum Energy Tech FET Oil&Gas-Mchnry/Eq 5.84 0.08 vs 0.04 +300` .. 273 +10a 72 5 Immunogen IMGN Medical-Biomed/Bth 5.67 0.28 vs 0.11 .. .. 13.8 65 12 11 New Corp Bl B .................S
.10 3-12 4-17
Forward Air FWRD Trnsportation-Trck 64.52 0.95 vs 0.63 +50.8` +16 357 +9.7a 88 85 Invstrs Title ITIC Insrnce-Prp/Cas/Titl 169.1 0.07 vs 2.26 96.9 .. 32.3 20 68 41 Owens Corning Inc .........Q .22 3-7 4-2
GormanRupp GRC Mchnry-Gen Indstrl 33.04 0.43 vs 0.37 +16.2a +10 103 +8.5a 64 79 Knowles KN Elec-Misc Products 16.03 0.37 vs 0.40 7.5 +8.8 224 +3.9a 40 83 Pennsylvania Re Es.........Q .21 2-28 3-15
Graftech Intl EAF Steel-Spclty Alloys 13.15 r0.79 vs 0.19 +316a .. 533 +177a 75 18 Lightpath Tech LPTH Telcom-Fibr Optcs 1.62 0.01 vs 0.03 66.7 .. 8.6 +2.3a 7 16 Ubiquiti Ntwrks ...............Q
.25 2-14 2-25
Universal Corp .................Q
.75 4-5 5-6
Hub Grp HUBG Transport-Logistics 44.73 1.01 vs 0.62 +62.9a +12 1018 +12a 80 41 News NWSA Media-Newspapers 12.46 0.18 vs 0.24 25.0 +29 2627 +21a 47 23 Regions Financial............Q .14 3-7 4-1
Manitowoc MTW Mchinry-Cnstr/Mng 15.70 0.16 vs 0.15 +207 .. 515 +7.0a 41 9 PDV Wireless PDVW Telcom Svc-Wirles 40.35 0.53 vs 0.18 .. .. 1.5 6.3 8 93 Sanchez Midst Part ........Q .15 2-19 2-28
Mastercraft Boat Hldgs MCFT Leisure-Products 21.10 0.64 vs 0.44 +45.5` +8.5 122 +55` 94 14 Pennantpark Invstmt PNNT Fnce-Invsmnt Mgt 6.96 0.18 vs 0.20 10.0 10 27.4 4.5 39 53 Southern Copper Corp ....Q .40 2-12 2-26
MEI Pharma MEIP Medical-Biomed/Bth 2.71 0.17 vs 0.16 +206 .. 2.0 +469` 51 52 Pennymac Fl Svcs PFSI Fin-Mrtg&Rel Svc 22.00 0.63 vs 0.65 3.1 +5.0 251 16 41 80 Southside Bcshs Inc........Q .30 2-20 3-7
Mobileiron MOBL Comptr Sftwr-Entr 4.98 0.03 vs 0.01 +200` 0.0 54.1 +10` 72 78 Power Integrations POWI Elec-Semicon Mfg 71.40 0.54 vs 0.74 27.0 +10 93.3 14 39 88 Tyson Foods Inc ..............Q
.375 5-30 6-14
United Community Bk ....Q .16 3-14 4-5
Nat Grocers Vit Cottage NGVC Retail-Spr/Mini Mkts 13.53 r0.10 vs 0.04 +150` +100 222 +9.4a 70 86 Twist Bioscience Corp TWST Medical-Biomed/Bth 20.52 0.83 vs 0.62 .. .. 11.5 +167` 10 94 Ventas Inc ........................Q
.7925 3-29 4-12
Omega Flex OFLX Metal Proc & Fabrica 64.30 0.60 vs 0.51 +17.6a .. 28.9 +5.1a 81 61 Univar UNVR Chemicals-Specialty 21.35 0.33 vs 0.34 2.9 +3.1 1971 +0.6a 70 21 Weyerhaeuser Co ...........Q .34 2-28 3-22
Omnicell OMCL Medical-Systems/Eqp 76.80 0.70 vs 0.55 +27.3a +4.5 212 +7.8a 84 97 Universal Cp Va UVV Tobacco 57.50 r1.11 vs 2.19 49.3 .. 636 2.7 30 69 G - payable in Canadian funds; Q - Quarterly;
Organovo ONVO Medical-Systems/Eqp 1.00 0.06 vs 0.07 .. .. 0.8 32 30 18 Ventas VTR Finance-Property Reit 64.27 r0.17 vs 1.09 84.4 82 923 +3.1a 32 91 A - Annually; S - Semiannually; M - Monthly;
Panhandle Oil&gas PHX Oil&Gas-U S Expl Pro 15.60 r0.75 vs 0.07 +971 +971 26.3 +111 42 18 Vocera Comm VCRA Comml Svcs-Hlthcre 32.33 0.18 vs 0.22 18.2 0.0 48.9 +11` 16 83 U - Pay undetermined; I - Initial; Y - Year-end.

Stocks Ex-Dividend for Feb. 12, 2019 Invitation Homes Inc ............................................... 0.130

SwingTrader
Company Amount Ivy High Income Opp Fd ........................................... 0.200
B B & T Corp .............................................................. 0.405 M D C Holdings Inc ................................................... 0.300
Bankfinancial Corp .................................................. 0.100 M F S Ca Municipal Fund ......................................... 0.103
Center Coast Mlp & Infr ............................................ 0.313 M F S Charter Incm Tr ............................................... 0.170
Cohen & Steers Mlp Inc ............................................ 0.231 M F S Govt Mkts Inc Tr .............................................. 0.085
Consolidated Edison Inc ......................................... 0.740 M F S High Inc Muni Tr ............................................. 0.068

+ou;|"l-u|m;vm] ;1bvbom
M F S High Yield Muni Tr .......................................... 0.060
Credit Suisse Xlnk Le Al .......................................... 0.222
M F S Intermed Hi Inc Fd .......................................... 0.058
Credit Suisse Xlnk Lemtg ......................................... 1.223
M F S Intermed Income Fd ....................................... 0.029
Credit Suisse Xlnk Mltas .......................................... 0.374
M F S Investment Gr Muni ....................................... 0.114
Home Bancshares Inc ............................................. 0.120 M F S Multimarket Inc Tr ......................................... 0.040
Invesco Adv Muni In Tr 2 ......................................... 0.148 M F S Municipal Inc Tr .............................................. 0.029
We invite you to take a Invesco Bond Fund .................................................. 0.286
Invesco Ca Val Muni Inc ........................................... 0.153
M F S Special Value Trus .......................................... 0.044
Marketaxess Holdings Inc ....................................... 0.510
1olrbl;m|-u=ou;;h|ub- Invesco Dyn Crd Opp Fd ........................................... 0.348
Invesco Hi Inc 2023 Trg ............................................. 0.150
Northfield Bancorp Inc ............................................ 0.100
Resources Connection Inc ...................................... 0.130

1.800.648.7285
Invesco Hi Inc 2024 Trg ............................................. 0.093 Sandy Spring Bancorp Inc ........................................ 0.280
Invesco High Income Tr 2 ......................................... 0.289 Schlumberger Ltd ..................................................... 0.500
Invesco Mun Inc Opty Tr ........................................... 0.098 Superior Group Of Co ................................................ 0.100
www.investors.com/Swing1 Invesco Muni Opp Trust .......................................... 0.166
Invesco Municipal Trust ........................................... 0.158
Taitron Components Inc .......................................... 0.030
Tessco Tech Inc ....................................................... 0.200
Invesco Pa Val Muni Inc ........................................... 0.174 Tetra Tech Inc .......................................................... 0.120
Invesco Quality Mun Incm ....................................... 0.159 United States Steel Corp ......................................... 0.050
Invesco Sr Income Trust ......................................... 0.089 Valero Energy Corp .................................................. 0.900
Invesco Tr Inv Ny Muni ............................................. 0.166 Wcf Bancorp Inc ....................................................... 0.050
2018 Investors Business Daily, Inc. Investors Business Daily, IBD and CAN SLIM and
corresponding logos are registered trademarks owned by Investors Business Daily, Inc. Invesco Tr Invt Grd Muni ......................................... 0.155 Western New Eng Bncrp .......................................... 0.050
Invesco Val Muni Inc Tr ............................................ 0.178 Wisdomtree Investments ....................................... 0.030

Copyright 2019 Investor's Business Daily Inc.


B4 WEEK OF FEBRUARY 11, 2019 INVESTORS.COM

31 Monolithic Pwr Sys (MPWR) Grp 5 o$131.29 Wellcare Hlth (WCG) Grp 83 o$277.39 MGM Growth Props (MGP) Grp 22 $31.37
40.7M Shares 99 Comp. Rating 94 EPS RS 81 ROE 27% 32 49.5M Shares 96 Comp. Rating 87 EPS RS 91 ROE 17% 33 70.2M Shares 99 Comp. Rating 86 EPS RS 89 ROE 3%
Designs analog and mixed signal ICs used in DC/DC converters, Provides managed healthcare services through govt programs REIT that owns, acquires and leases large-scale casino resort
LED drivers, LCD backlight inverters such as Medicaid/Medicare to 4.4 million members. properties in the United States.
+26% Ann. EPS Gro PE 37 Avg. Daily Vol 325,300 Debt 0% +45% Ann. EPS Gro PE 25 Avg. Daily Vol 921,500 Debt 49% +178% Ann. EPS Gro PE 40 Avg. D. Vol 873,300 Debt 242%
Last Qtr Eps +26%6 Prior Qtr +32%6 Last Qtr Sales +24% Last Qtr Eps +409%5 Prior Qtr -18%6 Last Qtr Sales +40% Last Qtr Eps +50%5 Prior Qtr 0%6 Last Qtr Sales +54%
14 Qtrs EPS ) 15% 1 Qtrs EPS ) 15% 1 Qtrs EPS ) 15%
Eps Due 2/12 Eps Due 4/29 Eps Due 2/14
R&D 17%
Acc/Dis B- Acc/Dis B- Acc/Dis A
Sup/Demand 88 Sup/Demand 76

New base forming but no clear buy point so far. Shaping right side of base with potential 325.09 entry. Trying to recover from year-long correction. No new entry.

34 Booz134.5MAllenSharesHamilton (BAH) Grp 115 o$54.45 Match (MTCH) Grp 52 o$56.61 Allison Transmission (ALSN) Grp 153 o$47.42
91 Comp. Rating 85 EPS RS 94 ROE 53% 35 63.4M Shares 97 Comp. Rating 79 EPS RS 97 ROE 39% 36 118.0M Shares 93 Comp. Rating 93 EPS RS 84 ROE 39%
Provides defense, intelligence and civil management and technolo- Provides dating products in 42 languages with a portfolio of brands Manufactures fully automatic transmissions and hybrid propulsion
gy consulting services across more than 190 countries systems for medium/heavy-duty vehicles.
SMARTSELECT COMPOSITE RATING +17% Ann. EPS Gro PE 21 Avg. D. Vol 1,165,600 Debt 317% +36% Ann. EPS Gro PE 39 Avg. D. Vol 2,287,200 Debt 250% +26% Ann. EPS Gro PE 12 Avg. D. Vol 1,116,500 Debt 368%
Rel Annual Last Qtr NxtQtr Last Qtr Mgt
EPS Str EPS Est EPS EPS Sales Pretax Own Last Qtr Eps +41%5 Prior Qtr +36%6 Last Qtr Sales +13% Last Qtr Eps -28%6 Prior Qtr +105%6 Last Qtr Sales +21% Last Qtr Eps +69%6 Prior Qtr +105%6 Last Qtr Sales +16%
Rank Company Price
6
Rtg Rtg % Chg % Chg % Chg % Chg ROE mrgn % 5 Qtrs EPS ) 15% 0 Qtrs EPS ) 15% 7 Qtrs EPS ) 15%
Eps Due 5/28 Eps Due 5/8e Eps Due 2/25
COMPANIES 31-50 R&D 8% R&D 5%
Acc/Dis B- Acc/Dis B+ Acc/Dis B
31 Monolithic Pwr Sys 131.3 99 94 81 +27 +26 +20 +24 27 29 4
7Power management chips find use in cars, gaming, notebooks, servers.

32 Wellcare Hlth 277.4 96 87 91 +22 +409 +27 +40 17 3 1


7Provides managed health care services for gov't programs like Medicaid

33 MGM Growth Props 31.37 99 86 89 +234 +50 +383 +54 3 22 1 In buy range from 52.98 entry.
7REIT linked to MGM owns 11 resort/hotels in Las Vegas, other cities.
Granite Point Mort Trust (GPMT) Grp 51 $18.91
Fell more than 8% below 58.10 entry, a sell signal. Falls back below 48.62 double-bottom base entry.

34 Booz Allen Hamilton 54.45 91 85 94 +35 +41 +17 +13 53 7 4


7Provides defense, intelligence, other consulting services to the govt.
37
49.6M Shares 96 Comp. Rating 93 EPS RS 82 ROE 8% 38 Rexford Inds Rlty (REXR) Grp 22 $34.76 Five9 (FIVN) Grp 1 o$52.92
90.9M Shares 98 Comp. Rating 83 EPS RS 89 ROE 4% 39 55.2M Shares 99 Comp. Rating 72 EPS RS 98 ROE 16%
REITs that originates, manages, and invests in senior floating rate REIT investing in 151 commercial properties located in infill markets Develops cloud-based customer contact software that assists con-
35 Match 56.61 97 79 97 +11 28 +23 +21 39 24 7 commercial mortgage loans and debt like
Provides online dating services in 38 languages; Facebook is a rival. +153% Ann. EPS Gro PE 12 Avg. Daily Vol 714,200 Debt 15%
in Southern California
+124% Ann. EPS Gro PE 81 Avg. Daily Vol 677,200 Debt 50%
tact centers in customer service, sales and marketing
% Ann. EPS Gro PE 120 Avg. Daily Vol 677,800 Debt 70%
36 Allison Transmission 47.42 93 93 84 +99 +69 +133 +16 39 23 8 Last Qtr Eps +21%6 Prior Qtr +48%5 Last Qtr Sales +43%
7Specializes in transmissions for medium and heavy duty vehicles. 12 Qtrs EPS ) 15%
Last Qtr Eps +600%5 Prior Qtr -77%6 Last Qtr Sales +27%
1 Qtrs EPS ) 15%
Last Qtr Eps +350%6 Prior Qtr+1200%5 Last Qtr Sales +30%
5 Qtrs EPS ) 15%
Granite Point Mort Trst 18.91 96 93 82 +15 +21 +23 +43 8 45 2 Eps Due 5/9e Eps Due 2/12 Eps Due 2/19
37 7REIT specializes in commercial mortgages and related debt. R&D 14%

38 Rexford Inds Rlty 34.76 98 83 89 +129 +600 +80 +27 4 25 2


7Los Angelesbased REIT invests in commercial properties.
Acc/Dis C+
Sup/Demand 81
Acc/Dis A- Acc/Dis B

39 Five9 52.92 99 72 98 +363 +350 +100 +30 16 3 5


Specializes in cloudbased software for customer call centers.

40 Visa 140.4 95 91 80 +15 +20 +12 +13 32 65 1


7Shift from cash, partnerships with banks help drive growth. Drops below 19.43 entry of awkward base. In buy range from cup base's 33.64 buy point. Extended from 49.60 buy point of late-stage base.

41 New Orientl Edu&tec 77.60 94 88 82 +12 +56 +18 +28 19 16 17


7China preparatory education market is in "golden age," analysts say.
Visa (V) Grp 50
40 o$140.38
1742M Shares 95 Comp. Rating 91 EPS RS 80 ROE 32% 41 New131.7MOrientlSharesEdu&tec (EDU) Grp 136 o$77.60 Teleflex (TFX) Grp 18 $274.14
94 Comp. Rating 88 EPS RS 82 ROE 19% 42 44.6M Shares 97 Comp. Rating 86 EPS RS 83 ROE 17%
274.1 97 86 83 +17 +19 +13 +14 17 21 2 Provides global payment solutions in support of the credit/ debit Chinese provider of language training and test prep courses to 36.5 Manufactures disposable medical devices for critical care and surgi-
42 Teleflex
Makes surgical, anesthesia, ER and other types of medical equipment.
payment programs of financial institutions.
+23% Ann. EPS Gro PE 29 Avg. D. Vol 10,818,500 Debt 49%
mil students via 87 schools/994 centers.
+20% Ann. EPS Gro PE 32 Avg. D. Vol 1,769,400 Debt 0%
cal uses in more than 140 countries.
+16% Ann. EPS Gro PE 29 Avg. Daily Vol 575,400 Debt 89%
43 Fastenal 60.68 89 85 88 +18 +33 +29 +13 28 19 1
Operates stores selling bolts, nails, other building supplies.
Last Qtr Eps +20%6 Prior Qtr +34%6 Last Qtr Sales +13%
10 Qtrs EPS ) 15%
Last Qtr Eps +56%5 Prior Qtr +14%6 Last Qtr Sales +28%
1 Qtrs EPS ) 15%
Last Qtr Eps +19%6 Prior Qtr +21%5 Last Qtr Sales +14%
3 Qtrs EPS ) 15%
44 Huazhu 32.82 89 87 84 +24 +3 +36 +12 21 19 41 Eps Due 4/23
7Its a major hotel chain in China, formerly known as China Lodging.
Eps Due 4/22 Eps Due 2/20
R&D 4%
45 Ladder Capital 17.57 95 81 86 +104 +139 +23 +76 10 29 13
7REIT originates commercial real estate and mezzanine financing.
Acc/Dis C+ Acc/Dis A Acc/Dis B
Sup/Demand 77
46 NMI 21.88 98 74 91 +153 +130 +109 +47 8 32 6
7Sells private mortgage insurance across the U.S.

47 Square 73.49 96 71 95 +70 +86 +63 +51 17 5 2


Payment processor continues to innovate with POS hardware. Weekly win streak intact but below 145.82 entry.. Recovering from deep correction. No clear base or entry so far. Forming irregular pattern with resistance around 280.

48 Exelixis 21.27 91 69 85 +163 +58 +100 +48 82 35 5


Sales strong for cabozantinib, a drug for thyroid, kidney cancer.
Fastenal (FAST) Grp 139
43 o$60.68
284.2M Shares 89 Comp. Rating 85 EPS RS 88 ROE 28% 44 Huazhu (HTHT) Grp 112 $32.82
109.1M Shares 89 Comp. Rating 87 EPS RS 84 ROE 21% 45 Ladder Capital (LADR) Grp 51 o$17.57
78.5M Shares 95 Comp. Rating 81 EPS RS 86 ROE 10%
49 TransUnion 61.94 89 94 43 +32 +33 +26 +21 23 29 1 Operates 2,383 construction supply stores offering fasteners, bolts,
Major provider of consumer reports and credit scores. nuts, studs, washers/other products.
Chinese operator and/or franchisor of 3,746 lodging properties with
379,675 rooms in 378 cities in China.
REIT that originates fixed-rate and floating-rate commercial mort-
gages and mezzanine financing.
+4 +23 38 39 1 +10% Ann. EPS Gro PE 25 Avg. D. Vol 3,020,900 Debt 20% +42% Ann. EPS Gro PE 41 Avg. D. Vol 1,222,900 Debt 76% +19% Ann. EPS Gro PE 9 Avg. Daily Vol 910,200 Debt 355%
50 Adobe 257.0 99 99 87 +15 +45
Forms partnership with Microsoft on cloud computing. Last Qtr Eps +33%6 Prior Qtr +36%5 Last Qtr Sales +13%
2 Qtrs EPS ) 15%
Last Qtr Eps +3%6 Prior Qtr +38%6 Last Qtr Sales +12%
0 Qtrs EPS ) 15%
Last Qtr Eps +139%5 Prior Qtr +54%6 Last Qtr Sales +76%
3 Qtrs EPS ) 15%
Eps Due 4/9 Eps Due 3/11 Eps Due 2/25

IBD 50 Index Performance Acc/Dis C- Acc/Dis B- Acc/Dis C-


The IBD 50 is a computer-generated list of the markets leading
growth stocks based on earnings, sales, stock performance and
other proprietary fundamental and technical factors
Just above 60.55 entry of cup-shaped base. Forming saucer base with 49.70 buy point. Consolidating with resistance around the 40-week line.
1,500%
IBD 50
Total return: 968% 46 NMI61.8M(NMIH)Shares 98 Comp. Rating
Grp 11 o$21.88 Square (SQ) Grp 50 o$73.49 Exelixis (EXEL) Grp 54 o$21.27
74 EPS RS 91 ROE 8% 47 299.1M Shares 96 Comp. Rating 71 EPS RS 95 ROE 17% 48 284.0M Shares 91 Comp. Rating 69 EPS RS 85 ROE 82%
Average annual return: 16.3% IBD 50 Provides private mortgage insurance in 50 states and the District Provides point-of-sale software to manage receipts, inventory, Develops novel small molecule therapies for cancer treatments.
of Columbia. sales reports with analytics, feedback. Marketed product treats metastatic medullary thyroid cancer.
S&P 500 Total Return +300% Ann. EPS Gro PE 15 Avg. Daily Vol 368,000 Debt 28% +219% Ann. EPS Gro PE 184 Avg. D. Vol 17,919,000 Debt 46% % Ann. EPS Gro PE 18 Avg. D. Vol 4,303,800 Debt 0%
Total return: 298% Last Qtr Eps +130%6 Prior Qtr +208%6 Last Qtr Sales +47% Last Qtr Eps +86% Prior Qtr +86%5 Last Qtr Sales +51% Last Qtr Eps +58%6 Prior Qtr +367%6 Last Qtr Sales +48%
Average annual return: 9.2%
1,200 10 Qtrs EPS ) 15% 10 Qtrs EPS ) 15% 3 Qtrs EPS ) 15%
4/11/03-12/31/2018 Eps Due 2/15e Eps Due 2/27 Eps Due 2/12
R&D 15% R&D 25%
Acc/Dis B- Acc/Dis B- Acc/Dis C+
Sup/Demand 95 Sup/Demand 81

900
Cup-with-handle base shows 22.48 buy point. Working on deep base. Possible 101.25 buy point. Recovering from severe correction; no new entry yet.

49 TransUnion (TRU) Grp 74 o$61.94 Adobe (ADBE) Grp 36 o$257.00


181.6M Shares 89 Comp. Rating 94 EPS RS 43 ROE 23% 50 482.8M Shares 99 Comp. Rating 99 EPS RS 87 ROE 38%
Provides information, risk management to businesses and consum- Provides design, imaging and publishing software for print, web, Industry Group Sector
ers in U.S. and other countries. mobile and dynamic media production
600 +36% Ann. EPS Gro PE 26 Avg. D. Vol 1,331,800 Debt 136% +48% Ann. EPS Gro PE 38 Avg. D. Vol 4,004,000 Debt 44% Finance-Etf/Etn ..................................................Misc
Last Qtr Eps +33%5 Prior Qtr +32%6 Last Qtr Sales +21% Last Qtr Eps +45%6 Prior Qtr +57%6 Last Qtr Sales +23% Fnance-Publ Inv Fd Bond..................................Misc
3 Qtrs EPS ) 15% 17 Qtrs EPS ) 15% Diversified Operations .......................................Misc
Eps Due 2/14 Eps Due 3/14 Office Supplies Mfg .........................................Office
R&D 17% Finance-Property Reit ................................Real Est
Acc/Dis B- Acc/Dis B Finance-Mortgage-Reit ...............................Real Est
300 Real State Developmt/Ops ..........................Real Est
Retail-Mail Order & Direct .............................Retail
S&P 500 Retail-Discount & Varity .................................Retail
Total Return Retail-Specialty ...............................................Retail
No new entry in sight; 67.50 looms as potential resistance. Just below double bottom entry at 260.82. Retail-Super/Mini Markets ............................Retail
Retail-Apparel/Shoes/Accessory ....................Retail
0 Industry Group Sector Industry Group Sector Retail-Home Furnishings ................................Retail
Retail-Restaurants ..........................................Retail
04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 Cosmetics/Personal Care .........................Consumer Leisure-Gaming/Equip .................................Leisure Retail-Drug Stores ..........................................Retail
Performance is based on a price-weighted calculation of components rebalanced weekly. Before 2011, Consumer Prod-Elec.................................Consumer Leisure-Lodging ............................................Leisure Retail/Wholesale-Jewelery ...........................Retail
calculations used the top 50 stocks of the IBD 100. Performance does not take into account transaction Elec-Scientific/Measuring ........................Electrncs Leisure-Services ...........................................Leisure Retail-Internet .................................................Retail
costs, slippage, etc. Elec-Misc Products ...................................Electrncs Leisure-Products ..........................................Leisure Retail-Major Discount Chains ........................Retail
www.investors.com/IBD50
Elec-Contract Mfg ......................................Electrncs Leisure-Movies & Related ............................Leisure Retail-Department Stores ...............................Retail
Elec-Parts ...................................................Electrncs Machinery-Construction/Mining ...............Machine Wholesale-Elect ..............................................Retail
Find Your Groups Sector Energy Coal ....................................................Energy
Energy Solar ..................................................Energy
Oil&Gas Integrated .......................................Energy
Machinery-Materiall Hdlg .........................Machine
Machinery-Tools & Related .......................Machine
Wholesale-Food ..............................................Retail
Retail-Leisure Prods .......................................Retail
Retail Wholesale Office Sup ...........................Retail
Machinery-Gen Industrial ..........................Machine
To find a specific stocks sector, Energy-Alternative/Other ..............................Energy Electrical Power/Equipment ......................Machine Retail Wholesale Bldg Prds ............................Retail
please go to Stock Quotes at www.investors.com Oil&Gas-Transport/Pipeline...........................Energy Pollution Control ........................................Machine Retail-Consumer Electronics ..........................Retail
Oil&Gas-Refing/Market ................................Energy Media-Radio/TV ..............................................Media Retail/Wholesale-Auto ....................................Retail
Industry Group Sector Industry Group Oil&Gas-U S Exploration Prod ......................Energy Media-Diversified ...........................................Media Retail/Wholesale-Auto Part ...........................Retail
Sector Financial-Savings & Loans...............................S&Ls
Oil&Gas-Royalty Trust ...................................Energy Media-Newspapers ........................................Media
Aerospace/Defense ..................................Aerospace Bldg-Hand Tools .........................................Building Oil&Gas Canadian Exploration Prod .............Energy Media-Periodicals ...........................................Media Computer Sftwr-Dbase ..............................Software
Agricultural Oprtions ..............................Agriculture Commercial Services-Healthcare ..........Busins Svc Oil&Gas-Intl Exploration Prod .......................Energy Media-Books ..................................................Media Computer Sftwr-Edu ..................................Software
Machinery-Farm ....................................Agriculture Commercial Services-Advrtsng..............Busins Svc Oil&Gas-Field Service ....................................Energy Medical-Outpatient/Home Care ..................Medical Computer Sftwr-Entrprise .........................Software
Chemicals-Agriculture ..........................Agriculture Bldg-Maintenance & Service .................Busins Svc Oil&Gas-Drilling .............................................Energy Medical-Systems/Equip ...............................Medical Computer Sftwr-Mdcl ................................Software
Tobacco ...................................................Alcohl/Tob Computer-Tech Services ........................Busins Svc Oil&Gas-Machinery/Equipment ....................Energy Medical Supplies .........................................Medical Computer Sftwr-Fincl ................................Software
Beverages-Alcoholic ...............................Alcohl/Tob Commercial Services-Consulting...........Busins Svc Financial-Mortgage & Related Service .....Finance Medical-Managed Care ................................Medical Computer Sftwr-Dsktp ..............................Software
Apparel-Clothing Mfg...................................Apparel Commercial Svcs-Market Research .....Busins Svc Finance-Investment Managment ...............Finance Medical-Biomed/Biotech .............................Medical Computer Sftwr-Dsgn ................................Software
Apparel-Shoes & Rel ....................................Apparel Commercial Svc-Outsourcing.................Busins Svc Financial-Invest Bank/Brokers ...................Finance Medical-Generic Drugs ...............................Medical Computer Sftwr-Scrity ..............................Software
Auto/Truck-Tires & Misc ...................................Auto Security/Software ..................................Busins Svc Commercial Svcs-Leasing ..........................Finance Medical-Long-Term Care .............................Medical Computer Sftwr-Specialty-Entrprise ........Software
Trucks & Parts-Heavy Duty ..............................Auto Commercial Service-Doc Mgmt ............Busins Svc Finance-Commercial Loan...........................Finance Medical-Products ........................................Medical Computer Sftwr-Gaming............................Software
Auto Manufacturers .........................................Auto Commercial Services-Stffng ..................Busins Svc Telecom-Cable/Sat Equip............................Telecom
Finance-Consumer Loan ..............................Finance Medical-Hospitals ........................................Medical Telecom-Cons Prod .....................................Telecom
Auto/Truck-Original Equipment........................Auto Chemicals-Basic ........................................Chemical Finance-Card/Payment Processor ..............Finance Medical-Diversified .....................................Medical Telecom-Infrastr..........................................Telecom
Auto/Truck-Replacement Parts ........................Auto Chemicals-Specialty .................................Chemical Financial Svc-Spec ......................................Finance Medical-Research Equip/Svc ......................Medical Telecom-Svc-Cbl/Sat ..................................Telecom
Banks-Northeast .............................................Banks Chemicals-Plastics ...................................Chemical Food-Packaged .........................................Food/Bev Medical-Services .........................................Medical Telecom-Fiber Optcs ...................................Telecom
Banks-Southeast ...........................................Banks Elec-Semicon Fabless ......................................Chips Food-Misc Prep .........................................Food/Bev Medical-Wholesale Drug .............................Medical Telecom Svc-Integrtd .................................Telecom
Banks-Midwest ...............................................Banks Elec-Semicon Mfg ...........................................Chips Beverages-Non-Alcoholic..........................Food/Bev Medical-Ethical Drugs..................................Medical Telecom Svcs-Foreign ................................Telecom
Banks-West/Southwest..................................Banks Elec-Semicndctr Equip ....................................Chips Food-Meat Products ..................................Food/Bev Steel-Producers .............................................Metals Telecom Svc-Wireless ................................Telecom
Banks-Super Regional ...................................Banks Computer-Networking..............................Computer Food-Dairy Products ..................................Food/Bev Steel-Specialty Alloys....................................Metals Transportation-Rail .....................................Transprt
Banks-Foreign .................................................Banks Computer-Data Storage ..........................Computer Food-Grain & Related ................................Food/Bev Metal Prods-Distributor .................................Metals Transportation-Truck ..................................Transprt
Banks-Money Center .....................................Banks Computer-Integrated System ..................Computer Food-Confectionery ..................................Food/Bev Metal Proc & Fabrica ....................................Metals Transportation-Ship ....................................Transprt
Bldg-Cement/Concrete................................Building Computer-Hardwire/Peripheral ...............Computer Insurance-Life ............................................Insurnce Mining-Metal Ores .........................................Mining Transportation-Airline ................................Transprt
Bldg-Rsidnt/Commercial ............................Building Household-Applncs/Houseware ..............Consumer Insurance-Accident & Health.....................Insurnce Mining-Gold/Silver/Gems .............................Mining Transportation-Air Freight..........................Transprt
Bldg-Heavy Construction ...........................Building Consumer Prod-Special ...........................Consumer Insurance-Property/Casualty/Title ............Insurnce Finance-Publ Inv Fd-Balance ..........................Misc Transportation-Logistics.............................Transprt
Bldg-Mobile/Mfg & Rv ................................Building Funeral Services & Related ....................Consumer Insurance-Brokers .....................................Insurnce Finance-Publ Inv Fd-Equity .............................Misc Transportation-Equip Mfg ..........................Transprt
Bldg-Wood Prods ........................................Building Consumer Services-Education ...............Consumer Insurance-Diversified .................................Insurnce Containers/Packaging ......................................Misc Utility-Diversified ............................................Utility
Bldg-Construction Prods/Misc....................Building Household Office Furniture......................Consumer Internet-Content .........................................Internet Finance-Publ Inv Fd-Global .............................Misc Utility-Electric Pwr ..........................................Utility
Bldg-A/C & Heating Prods .........................Building Leisure-Toys/Games/Hobby ....................Consumer Internet-Network Solutions .......................Internet Paper & Paper Produc ......................................Misc Utility-Gas Distribtn ........................................Utility
Chemicals-Paints .......................................Building Soap & Cleaning Preparation ..................Consumer Leisure-Travel Booking.................................Leisure Finance-Blank Check ........................................Misc Utility-Water Supply .......................................Utility

Copyright 2019 Investor's Business Daily Inc.


INVESTOR'S BUSINESS DAILY MAKING MONEY WEEK OF FEBRUARY 11, 2019 B5
INVESTORS CORNER
5(68/76127*8$5$17((' ADVERTISEMENT

Why New Is Vitally Important ([&ROOHJH/LQHEDFNHU3RFNHWV


In The Hunt For Stock Winners LQ0RQWKV8VLQJ
BY KEN SHREVE
INVESTORS BUSINESS DAILY
Dexcom (DXCM) 160
150
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Top stocks dont go up in a vacu- 140 Website Video account to show you proof of the even if theyre $500 per share
130 $ gain Ive had in or more... you can still do it
um. In fact, theres a specific set
of traits to look for when search-
120
110
Reveals His my account in the last VHYHQ with a small account
ing for the next big stock market 10-week
moving
100 Track Record months. (Keep in mind the x Discover why weekly option
winner. A consistent track record
average
90 market was only up .008% volume on stocks like Apple
of big earnings and sales growth BY PRESTON PIRATE JAMES
80 during theVH same months.) & Google now make-up over
is mandatory, plus strong annual I would like to show you the
earnings estimates. In addition,
70
exact weeklyoptions strategy Watch as I Open-up 40% of their options volume!
top stocks are often leaders in 60
Ive used to rake in $ in  My ACTUAL Online x How nearly 80% of todays
their industry groups not lag- stock market volume is done
gards. And top stocks often have
12 mil
4 mil
WKHlast VHYHQ months alone. Brokerage Account & by large institutions, not
bullish sponsorship trends as mu- Icall ittheMoneyPress. Show You Uncensored individuals. And why this
Mar 18 Dec Mar 19 But firstIveputtogethera
tual funds and other institutional Jun Sep
short videothatshowsyoumy
Proof that What Im oil-tanker vs. wave-
investors build positions. runner reality is such a
But perhaps even more impor- GrillCMG. Brian Niccol took over track recordwiththisweekly Doing Works huge benefit to you and
tant is that many tops stocks have nearly a year ago and has the com- options strategyoverthepast (Who else is willing to do me the small trader
something new going on. It pany focused on digital and deliv- VHYHQ months. that?) See it now:
might be a new product or ser- ery to fuel growth. And analysts To learn exactly how Im
Before I spend any time www.3D\FKHFN0HWKRG.com doing this, simply go to this web
vice thats driving big growth. Or certainly are optimistic about
the company might be adapting growth prospects. Annual earn- teaching you the Money Press  page and Ill tell you everything
to new conditions in its industry, ings are seen rising 30% in 2018 I figured you would appreciate you need to get started with this
ready to capitalize on the next and 41% in 2019. knowing how well it actually proven strategy for creating a
wave of growth. Other times, a Its not often that a stock can re- works in the real world. So the solid weekly income.
new forward-looking CEO might cover after a 67% pullback, but first few minutes of this video
www.3D\FKHFN0HWKRG.com
be in place, pivoting the company thats exactly what Chipotle did showV my track record:
toward new growth opportuni- from August 2015 to February After you watch the video
ties. 2018. Shares have recovered im- www.3D\FKHFN0HWKRG.com Ill be happy to answer any
Three top stocks in the current pressively since then. Indeed, If you like what you see, then questions you have as well. My
To see what 2-10% per week ROI
stock market have the new in Wall Street seems to be growing youll want to keep watching to cell is 801-597-1135.
spades. When it comes to a new more confident about the pros- looks like watch the uncensored,
learn exactly how I did it using unvarnished video proof no Warmly,
product or service, DexcomDXCM pects for a turnaround. Shares weekly options.
certainly passes muster. Demand gapped up powerfully early doctored statements no hypo-
has been strong for the compa- Thursday after the company re- You see, I recently held a thetical ROI and no B.S.
super-secret, insiders-only webi- Even better, youll also learn: Preston Pirate James
nys continuous glucose monitor- ported another quarter of acceler-
ing systems, used by diabetics to atingsalesgrowth,better-than-ex- nar where I taught all this x Why what happened in the P.S. Youve never seen anything
better track their blood glucose pected same-store sales growth (including the details). Spring of 2010 gives even like my Money Press weekly
levels. and a 66% rise in digital sales. The video of this webinar is the smallest investors a options trading method.
The company is on the verge of In the semiconductor space, Xil- available for you to watch for a way to make solid weekly
profitability and sales growth has
Plus, to learn it theres no
inxXLNX has turned into a big win- limited time but only AFTER
accelerated for four straight quar- ner as the company capitalizes on
income credit card required and no rah-
you see the proof and know x How weekly options can rah seminar to attend in some
ters. In its latest reported quar- new conditions in its industry.
ter, sales jumped 44% to $266.7 The companys communications its for you. make every Friday your nearby hotel but watch it now
million. chips are seeing strong demand, And heres the icing on the pay day with DOUBLE as I cant promise how long
The company, along with part- helped by LTE upgrades, early cake: the return of normal Ill leave this valuable informa-
ner Verily, also has plans to 5G deployment in South Korea You can do this even if youre monthly options without tion on a public website.
launch a less expensive and fully and preparation for 5G rollout in investing with a SMALL trad- any additional risk! www.3D\FKHFN0HWKRG.com
disposable continuous glucose both China and North America.
monitor in 2020. Verily is Alpha- Xilinx also recently launched
ing account. x How weekly options allow And trust me if an ex-
betsGOOGL research organization Alveo, a portfolio of accelerator In the initial, 7-minutes of the you to deal only with the college linebacker like me can
specializing in life sciences. cards that improve the perfor- video youll see me open up my markets top tier stocks do this you can do it, too.
Copyright 201 COD Holdings, llc
Meanwhile, a new CEO is in mance of servers across cloud
place at Chipotle Mexican and on-premise data centers.

IBD SMART NYSE + NASDAQ Tables With 10 Vital Ratings


Unsurpassed ideas and ratings to help you invest better
10 VITAL RATINGS

1 IBD Composite Rating has 5 Smart-


Select Ratings, 1-99, with 99 the best.
Ratings of 98 or more are boldfaced.
2 Earnings Per Share (EPS) rating
compares your stock's last 2 quarters and
3 years EPS growth to all stocks. Ratings of 90
3 Relative Strength (RS) Stock's relative
price change in last 12 months vs. all
stocks. Best rate 80 or more.
4 Sales+Profit Margins+ROE Rating
combines recent sales, profit margins
and return on equity into an A to E rating.
5 Accumulation/Distribution Our price
and vol. formula shows if your stock is
under accumulation (buying) or distribution
mean earns outperformed 90% of all stocks. ROE over 17% is preferred. (selling) last 3 months. A buying; E selling.

6 Vol % Change is volume traded yester-


day vs. average daily volume last 50
days. Vol % chg. + 50% & up bolded.
7 52-Week High is boldfaced if closing
price within 10% of new high. 8 Boldfaced stocks are up 1 or more or
new high.Underlined stocks are down 1
or more or at a new low.
9 7 Stocks have EPS & RS Ratings of 80
or more and were IPOs in the last 15
years.
10 . after stock symbol means stock
story at Investors.com

IBD Composite Rating IBD Composite Rating IBD Composite Rating IBD Composite Rating
Earnings Per Share Growth Rating Earnings Per Share Growth Rating Earnings Per Share Growth Rating Earnings Per Share Growth Rating
Relative Price Strength Rating Relative Price Strength Rating Relative Price Strength Rating Relative Price Strength Rating
Sales+Profit Margins+ROE Sales+Profit Margins+ROE Sales+Profit Margins+ROE Sales+Profit Margins+ROE
Accumulation/Distribution (3 mos) Accumulation/Distribution (3 mos) Accumulation/Distribution (3 mos) Accumulation/Distribution (3 mos)
52-wk Dividend Stock Close Wkly Vol% Vol P 52-wk Dividend Stock Close Wkly Vol% Vol P 52-wk Dividend Stock Close Wkly Vol% Vol P 52-wk Dividend Stock Close Wkly Vol% Vol P
6 6 6 6 6 High Stock % Yield Symbol Price Chg Chg 1000 E 6 6 6 6 6 High Stock % Yield Symbol Price Chg Chg 1000 E 6 6 6 6 6 High Stock % Yield Symbol Price Chg Chg 1000 E 6 6 6 6 6 High Stock % Yield Symbol Price Chg Chg 1000 E
Stocks above $10 for the week ending Friday February 8, 2019 86 67 74 A C+ 116 CitrixS 1.3 CTXS 105.4 +1.64 -21 8.2m 18 82 67 87 C C 45.4 PNMResr 2.7 PNM 42.90 +1.14 -33 1.5m 20k
93 74 90 C B 72.7 Commvault CVLT 68.36 +2.28 -13 2.0m 42 Daily 89 83 89 D B 50.4 Portlan 2.9 POR 49.27 +1.57 -26 2.4m 19
97 72 96 D A- 13.3 CootekCaymnA r CTK 11.40 +0.05 -53 273 99k
2. MEDIA +0.2% Change +6.30%Since
Jan. 1
76 48 79 B C- 32.5 PPL 5.2 PPL 31.29 +0.14 -28 21m 12
Daily
1. SOFTWARE +1.5% Change +17.85%Since
Jan. 1 98 72 95 A B 59.5 Cornerstone CSOD 59.08 +1.67 0 2.1m 86 85 48 92 B C- 50.2 21stCen .7 FOXA 49.68 +0.39 -38 31m 25o 85 57 85 C B 56.7 PubSvcEn 3.2 PEG 55.88 +1.37 -12 14m 17
SECTOR LEADER | NSDAQ 98 72 99 .. A- 94.7 CoupaSoftwr COUP 94.14 +2.14 0 7.3m 99 88 48 92 B B- 49.7 21stCen .7 FOX 49.33 +0.23 -30 17m 25o 86 71 80 C B- 127 SmpraEn 3.0 SRE 117.9 +1.17 -25 7.1m 21
99 99 98 A B+ NH 7AtlassianA TEAM. 104.3 +5.36 -21 7.1m 99o 94 72 90 D B+ 68.4 Docusign DOCU 51.77 +1.81 -30 9.8m 99k 93 79 86 A C+ 69.0 AMCNtwks r AMCX 62.15 -0.27 -34 2.0m 7 79 64 60 B B- 68.4 SJWGro 2.0 SJW 59.92 +0.89 -59 450 20x
KEY DATA: EPS 3 Q Avg 63%, LQ 92%, Next Q 80%, Sales 3Q Avg 39%, 85 29 97 E B+ NH DornoB DOMO 29.61 +2.75 -29 1.8m ..k 76 79 30 A B- 59.6 CBSCIB 1.5 CBS 49.56 -0.11 -47 8.9m 10 81 51 83 B B- 49.4 Souther 4.9 SO 49.12 +0.63 -30 20m 14
LQ 39%, Next Yr EPS 58%, Pretax 20%, ROE 14%, EPS due 04/19 63 71 31 C D+ 43.5 DropboxA DBX 25.42 +1.18 -27 9.8m 99k 94 75 84 A C+ 34.9 DiscoveryA DISCA 29.19 +0.63 -16 19m 11 85 70 69 C A- 86.0 Southw 2.6 SWX 78.50 +0.39 -32 928 20k
83 90 21 A B- 89.1 Ebix .5 EBIX 56.03 -0.31 -38 1.4m 15 92 75 85 A D 31.6 DiscoveryC DISCK 27.34 +0.66 -55 6.7m 11 88 39 93 C B+ 26.3 VistraEnergy VST 25.93 +0.86 -32 14m ..k
SECTOR LEADER | NYSE 81 68 66 B B+ 116 EllieMae ELLI 82.94 +6.51 +86 5.6m 45 94 86 70 A B- 20.2 GrayTV GTN 16.17 -0.38 -50 2.1m 9 86 64 90 C B 75.5 WECEne 3.2 WEC 74.72 +1.91 -10 7.7m 21
99 98 94 A B+ 239 7PaloAltNts PANW 224.6 +4.35 -26 5.5m 52 73 2 97 D B 64.8 Everbridge EVBG 63.78 +1.36 -31 1.6m ..k 94 72 88 A B 95.0 LibertyBrdC LBRDK 88.58 +1.22 +9 3.1m 10 77 48 90 C C 54.1 XcelEne 2.8 XEL 53.48 +1.34 -46 12m 21o
KEY DATA: EPS 3 Q Avg 52%, LQ 56%, Next Q 42%, Sales 3Q Avg 30%, 96 82 95 A B+ 241 FairIsaac r FICO 236.0 +7.47 -6 1.2m 36
LQ 31%, Next Yr EPS 33%, Pretax 22%, ROE 43%, EPS due 02/26
94 72 89 A B- 93.8 LibertyA LBRDA 88.50 +1.34 -29 678 10
65 68 43 E B- 20.6 FireEye FEYE 16.28 -1.66 +85 41m 99o 84 84 40 C A- 48.6 LibMdSrCLibsr LSXMK 39.74 -0.93 -12 3.9m 9k Daily
99 72 98 B B 53.3 Five9 FIVN 52.92 +1.35 -11 3.0m 99 81 72 43 B B- 39.4 LibMdSrCFrm FWONK 31.13 -0.51 -24 4.9m 5k
4. CONSUMER +0.9% Change +5.35%Since
Jan. 1
SECTOR LEADER | NSDAQ
99 96 85 A B 66.3 7RealPage r RP 58.20 +1.32 -20 3.1m 42 83 44 86 C C+ 85.0 GodaddyA GDDY 69.50 +1.20 -15 5.8m 99 78 84 40 C B- 48.6 LbMdSrALbsr LSXMA 39.65 -0.82 +2 3.4m 9k 7IPO within last 15 years and EPS & RS 80 or higher
KEY DATA: EPS 3 Q Avg 67%, LQ 73%, Next Q 46%, Sales 3Q Avg 33%, 97 72 97 C B 166 HubSpot HUBS 165.4 +5.72 +10 3.1m 99 73 41 55 A C- 62.4 Meredith 4.4 MDP 52.52 -0.91 -5 1.9m 16 97 98 97 A B- 118 7iRobot r IRBT 104.2 +15.16 +143 8.7m 34o
LQ 33%, Next Yr EPS 60%, Pretax 18%, ROE 17%, EPS due 02/27 91 62 94 C A- 14.9 Inovalon INOV 13.77 -0.09 -57 1.3m 52 83 64 95 C A- NH NYTimes .6 NYT 31.36 +5.02 +136 27m 38o 94 88 82 A A 108 7OrientlEdTec EDU 77.60 +1.90 -40 5.3m 32o
95 72 90 A B 231 Intuit .8 INTU 224.8 +10.38 -17 7.2m 38 97 99 89 A D+ 89.8 NexstarM 2.1 NXST 83.99 -0.08 -56 1.4m 13
SECTOR LEADER | NYSE 74 74 65 A D- 163 JackHen 1.1 JKHY 132.7 -2.35 +24 3.3m 33 87 44 95 C B- 19.1 Scripps 1.1 SSP 18.79 +0.54 -48 1.1m 44 66 2 97 D A- 59.3 CanopyGrwth CGC 45.47 -3.41 +5 52m ..k
99 97 94 A B+ 161 7Salesforce CRM 156.7 +0.80 -32 21m 77 76 16 97 D B+ 27.4 Liveperson LPSN 24.48 +0.88 +53 3.4m 99 96 82 69 B B 37.6 Sinclair 2.6 r SBGI 31.37 +0.22 -41 4.2m 9
KEY DATA: EPS 3 Q Avg 48%, LQ 29%, Next Q 17%, Sales 3Q Avg 26%, 96 72 97 B A- 36.1 Chegg CHGG 34.40 -1.00 +21 7.6m 78
97 94 62 A B+ 134 LogMeIn 1.3 LOGM 93.98 +0.23 -28 2.4m 18 31 30 23 C E 61.0 Sony SNE 44.29 -1.86 +91 11m 9o 86 74 90 A D 69.5 ChurchD 1.4 CHD 63.34 -1.33 +58 18m 27
LQ 26%, Next Yr EPS 69%, Pretax 16%, ROE 13%, EPS due 02/28
86 57 86 B B- 62.4 ManhAsc MANH 51.32 +1.72 +55 3.9m 28 77 67 55 B C 14.3 Tegna 2.4 TGNA 11.67 +0.39 +14 11m 8 80 57 88 B D+ 167 Clorox 2.5 r CLX 155.7 +5.80 +50 9.1m 25o
SECTOR LEADER | NYSE 92 92 66 A B- 88.9 Medidata MDSO 73.18 +1.64 -4 2.3m 44 88 51 93 D A- 46.2 Tribune 2.2 TRCO 46.10 +0.13 -53 6.6m 19k 44 43 69 .. B 72.6 ColgteP 2.6 r CL 65.69 +0.64 -30 17m 22o
99 99 98 A B- 117 7VeevaSysA VEEV 115.2 +1.94 -5 6.8m 82 98 99 87 B B- 29.9 MicroFo 4.4 MFGP 19.78 +0.46 -29 2.1m ..k 57 51 35 C B- 34.6 ViacomB 2.7 VIAB 29.19 -0.34 +12 26m 6o 85 11 99 B A+ 25.1 Cronos CRON 19.55 -1.26 +155222m ..
KEY DATA: EPS 3 Q Avg 62%, LQ 80%, Next Q 74%, Sales 3Q Avg 25%, 92 81 76 A D+ 116 Microso 1.7 MSFT 105.7 +2.89 -36128m 24o 85 74 69 A C 120 WaltDis 1.6 DIS 111.5 +0.21 +16 49m 15o
LQ 27%, Next Yr EPS 67%, Pretax 32%, ROE 19%, EPS due 02/27 96 72 92 C B+ 46.9 Mimecast MIME 42.41 +2.41 +8 2.1m 99k 98 97 98 A C+ 97.7 WrldWrs .6 WWE 85.82 +3.59 -1 5.0m 77o 87 63 85 B B 162 Ecolab 1.2 ECL 159.2 +0.21 -7 5.3m 31
69 4 93 C B- 45.5 MindbodyA MB 36.51 +0.16 -1 9.3m .. 93 83 89 A B 158 EsteeLa 1.1 EL 154.7 +17.99 +64 22m 29o
7IPO within last 15 years and EPS & RS 80 or higher 75 73 98 B C 31.1 FunkoA FNKO 17.43 -0.35 -39 1.1m 29k
98 71 96 A A- 11.9 MitekSys MITK 11.33 +0.26 +12 2.9m 39o Daily
99 96 98 A B+ 65.5 7Alarm.com ALRM 64.83 +2.50 +20 3.3m 49 76 23 99 D C- NH MongodbA MDB 98.35 +5.68 -45 3.9m ..
3. UTILITY +0.6% Change +5.15%Since
Jan. 1 72 64 89 B C 70.8 Garmin 3.0 GRMN 70.26 +0.92 -19 3.8m 20
99 99 97 A B+ 90.7 7CybArkSftw CYBR 88.97 +0.49 +4 3.6m 56 70 52 56 B B+ 329 NetEase .7 r NTES 239.9 -9.91 -43 2.3m 25 67 65 80 B D 145 HelenTroy HELE 114.9 -1.13 -40 925 14o
89 55 96 B B- NH AES 3.1 AES 17.22 +0.54 -31 22m 13
99 99 95 A B- 94.4 7Fortinet FTNT 81.02 +2.12 +35 15m 44o 95 72 94 C B- 114 NewRelic NEWR 103.2 -1.43 +65 5.8m 99o 80 56 82 C C+ 46.6 AlliantE 3.2 LNT 45.00 +0.84 -40 6.3m 21
84 65 89 A D+ 61.8 HerbalifeNu r HLF 58.24 -2.08 +51 9.7m 20k
96 96 84 B C 107 7Guidewire GWRE 93.24 +3.65 -10 3.1m 60 80 49 90 C C 81.1 AmerEle 3.3 AEP 80.02 +0.91 -23 10m 20o 67 58 73 A C- 150 IntlFla 2.1 IFF 141.8 +0.15 -44 2.2m 22
76 65 87 C B 23.7 NextgenHlthcr NXGN 17.17 -0.70 -38 1.0m 21
99 94 98 A B 179 7Paycom r PAYC 176.0 +25.11 +117 6.8m 65o 89 78 90 C B- 71.0 AmerenCo 2.7 AEE 70.47 +1.62 -19 5.8m 20 91 76 96 B B+ NH InterPa 1.6 IPAR 68.89 +2.64 -38 353 42
96 84 85 A D 119 NiceLtdAds NICE 112.7 +2.28 -28 658 24
99 95 97 A A- 88.5 7Paylocity PCTY 82.65 +9.59 +94 2.2m 89
87 77 81 B C+ 18.2 Nuance NUAN 16.77 +0.71 -4 13m 13o 90 69 91 C B 98.2 AmWtWk 1.9 AWK 97.74 +2.53 -30 3.8m 29 81 42 99 D A 32.4 K12 LRN 31.18 -0.45 -32 1.4m 33o
99 98 96 A B- 98.3 7Qualys QLYS 94.45 +5.86 -25 1.3m 60
79 29 94 D B 64.9 Nutanix NTNX 53.16 +1.57 -38 7.4m ..k 86 54 79 B B- 38.2 AquaAm 2.4 WTR 36.03 +1.34 -36 2.6m 25 63 52 82 B D- 120 KimbrlyC 3.6 KMB 115.7 +3.95 -24 9.6m 17o
99 99 96 A B+ 229 7ServiceNow NOW. 228.6 +7.05 -13 10m 91o 87 30 99 D B+ NH OktaA OKTA 83.17 -0.39 -46 6.1m ..k 84 65 85 C B+ 100 AtmosEn 2.1 ATO 97.97 +0.75 -14 3.7m 24o 82 89 66 A B- 24.3 Knoll 2.9 KNL 20.40 +0.44 -45 1.1m 11
99 82 96 A B 131 7Splunk SPLK 130.9 +3.59 -34 6.7m 99
94 62 82 A A- 40.0 OpenText 1.6 OTEX 37.03 -0.21 +16 3.0m 13 83 67 72 C B- 54.6 Avangrid 3.5 AGR 50.51 +0.91 -23 1.7m 22k 75 57 82 A B- 47.4 LegetPl 3.5 LEG 43.45 +2.48 +30 9.2m 17o
97 98 92 C C 100 7SPSCommr SPSC 91.76 +3.52 -41 482 55k
85 61 79 A D 53.5 Oracle 1.5 ORCL 51.03 +0.22 -41 61m 15o 88 50 92 C B+ NH BlackHi 2.9 BKH 69.43 +2.35 -1 2.1m 19 89 92 79 A C- 260 Medifast 2.3 MED 129.3 +5.13 -22 1.2m 33
97 95 95 C C- 133 7TableaSftr DATA 122.2 -8.19 +51 9.0m 79o 69 39 83 .. B 31.2 PivotalSftwr PVTL 19.52 +1.05 -50 4.8m ..k 79 23 89 B B+ 31.0 Centerpt 3.7 CNP 30.85 +0.04 -13 24m 34 96 80 73 A B 137 Middleby MIDD 120.3 -0.14 +1 1.9m 20
94 85 97 .. B- NH 7VMware VMW 157.7 +7.20 -45 4.9m 26 82 81 51 A C 49.8 ProgSftw 1.7 PRGS 36.30 -0.05 -31 1.4m 14o 81 45 89 C B 53.8 CMSEnrgy 2.9 CMS 52.95 +1.17 -19 10m 22o 74 84 64 B D 40.7 MillerH 2.3 MLHR 34.72 +0.45 -35 1.4m 13o
99 59 91 A B+ 130 Proofpoint PFPT 116.1 +1.58 +8 3.7m 78o 82 22 98 C A- 12.3 Saneame 1.9 SBS 11.14 -0.90 +21 16m 13o 63 68 41 A C+ 88.7 NuSkin 2.2 r NUS 67.06 +0.51 +23 2.9m 14
84 54 93 C B- 30.5 ACIWwde ACIW 30.30 +0.74 -15 3.1m 34
68 51 69 ConsEdi 3.8 ED 86 81 92 B C- 45.3 NutriSy 2.3 NTRI 43.30 -0.13 -76 1.8m 22
99 99 87 A B 277 AdobeInc r ADBE 257.0 +9.62 -31 14m 37o 90 66 80 B B- 107 PTCInc PTC 87.26 +2.46 -26 5.3m 50o D B- 84.3 78.93 +2.25 -24 9.0m 18
94 72 94 D A- 67.1 Q2Holdings QTWO 62.90 +2.64 +39 2.2m 99k 80 52 76 B B- 77.2 Dominion 5.0 D 73.05 +2.08 -31 20m 18o 79 47 92 B A- 98.3 ProctrG 2.9 PG 97.71 +0.24 -18 46m 22o
73 83 38 B C+ 15.0 Allscripts MDRX 11.36 -0.39 -14 12m 16
92 63 85 DTEEner 3.2 DTE 70 77 85 B E 47.1 Service 1.5 r SCI 43.90 +0.64 -25 3.7m 24
94 71 84 B B 44.0 AltairEngin ALTR 33.71 +0.90 -42 667 99
84 35 98 D B- NH Rapid7 RPD 44.49 +3.71 +137 6.1m ..o C B+ 121 118.6 +1.20 -9 5.7m 18o
97 87 91 A C- 179 RedHat r RHT 179.4 +0.99 -44 6.1m 52o 76 44 88 C B- 91.4 DukeEne 4.1 DUK 90.30 +2.52 -15 15m 18 87 74 89 C B 19.4 Steelca 3.2 SCS 16.74 +0.30 -39 1.9m 15o
90 46 99 D C- 74.2 AlteryxA AYX 69.89 -0.59 -15 4.3m 99k
99 66 97 A A NH RingCentralA RNG 100.9 +6.48 +12 4.6m 99 81 29 90 C A- 12.0 EnelAmer 2.9 ENIA 10.20 -0.15 -52 3.6m 13k 92 97 71 A A- 47.6 TALEduc TAL 31.68 +0.62 -42 12m 46
68 2 96 D B- 33.1 Anaplan PLAN 31.76 +0.77 -26 1.9m ..k 86 60 88 Entergy 4.0 ETR 64 36 79 C A- 59.5 TempurSealy TPX 53.32 -0.30 -26 4.1m 22
96 72 97 B B- 34.6 SailpointTech SAIL 30.66 +1.16 -6 4.3m 99k C B NH 90.82 +1.99 -30 5.3m 12
94 82 79 A B+ 190 Ansys r ANSS 171.7 +4.18 -45 1.5m 34k
56 45 45 B D 127 SAP 1.1 SAP 104.0 +0.08 -30 3.0m 20o 92 61 79 A B- 61.1 Evergy 3.3 EVRG 58.10 +0.88 -29 6.7m 22k 70 72 99 D C+ 34.5 TurtleBeach HEAR 15.98 +0.76 +78 7.1m 6k
94 70 90 B C 91.5 Appfolio APPF 63.69 -0.46 -33 380 99k
92 58 99 .. A+ 24.9 Secureworks r SCWX 21.68 -1.43 +42 2.5m .. 92 59 90 B B- 70.5 Eversou 3.1 ES 70.05 +0.91 -14 7.6m 21 68 75 60 C C+ 180 Whirlpo 3.5 WHR 133.3 +0.30 -35 3.3m 8o
83 59 90 .. B- 118 AspenTech AZPN 99.0 +1.68 -27 2.1m 36o 82 51 90 C B- 48.2 Exelon 3.0 EXC 47.72 +0.26 +7 31m 15o
93 99 70 B B 163 Athenhltn ATHN 135.0 +0.22 -30 2.3m 29 85 35 96 C D NH Shopify SHOP 176.0 +5.36 -34 5.2m 99
Daily
96 72 98 C C- 27.3 Attunity ATTU 20.17 -1.51 +32 3.5m 38 83 12 98 D A- NH SmartsheetA SMAR 35.51 +4.54 +30 6.1m ..k 89 69 88 B B- 39.9 Firsten 3.8 FE 39.49 +0.71 +29 36m 13 5. REAL EST 0.0% Change +10.25%Since
Jan. 1
99 96 79 A B 61.0 SS&CTec .6 SSNC 52.94 +0.97 -22 7.7m 21 76 59 84 C D 36.2 Fortis 3.7 FTS 36.02 +0.25 -38 1.1m 14k
96 72 94 D B- 159 Autodesk ADSK 154.3 +5.24 -18 7.7m 99 79 34 80 B B+ 29.2 Symntc 1.3 SYMC 22.66 -0.25 -1 33m 13o 84 56 85 C B- 39.4 HawaiiE 3.3 HE 37.98 +0.87 -36 1.3m 20 7IPO within last 15 years and EPS & RS 80 or higher
91 43 97 B B 57.5 BandwidthA BAND 49.12 +2.17 -54 259 86k 95 66 86 A B+ 103 Synopsys 85 68 80 C B+ 102 IdaCorp 2.6 IDA 98.55 +1.71 -37 808 21k
SNPS 99.4 +4.63 -13 5.7m 25 A C 12.8 7ArborRl
97 82 91 9 ABR 11.90 -0.01 -51 3.2m 8
78 95 15 B C+ 67.4 BaozunA BZUN 34.04 -1.16 -31 6.0m 43 59 20 94 D C+ 89.1 TeladocHlth TDOC 62.59 -0.61 -37 4.9m .. 66 8 84 D A 17.6 KoreaElecPwr KEP 15.03 +0.01 -55 1.1m .. A C+ 19.7 7GranitePt 8.9 GPMT 18.91 -0.04 +59 5.7m 12
96 93 82
72 29 98 .. A 56.1 Benefitfocus BNFT 52.05 -2.06 -24 1.4m ..o 99 72 99 C B+ 116 TwilioInc TWLO. 114.8 +1.90 -26 16m 99k 80 45 87 B C+ 59.2 NatlFue 2.9 NFG 58.21 -0.45 -6 2.5m 16o A B- 24.1 7HannonA 5.7 HASI 23.01 +0.56 -56 1.3m 17
96 82 87
90 80 75 B B 56.5 BlackKnightA BKI 50.69 +1.05 -33 2.7m 29 96 91 69 A B 252 TylerTech TYL 208.2 +11.53 +23 1.6m 45k 54 27 65 C C 59.8 National 5.6 NGG 54.78 ... -39 2.9m 14 A C- 18.0 7LadderC 12 LADR 17.57 +0.22 -49 2.3m 9
95 81 86
96 72 93 C B- 58.1 Blackline BL 47.60 -0.93 -8 1.8m 99k 99 98 96 A A- 365 UltimtSftwr ULTI 332.4 +54.58 +405 9.9m 56 69 22 79 B C+ 51.8 NJResou 2.5 NJR 45.95 -2.15 +40 3.6m 25o B B 41.5 7Marcs&Milli MMI 38.22 -1.04 -17 838 18k
93 93 83
79 39 87 E B 29.8 BoxA BOX 23.51 +2.24 +57 17m .. 96 63 83 A B 38.3 UplandSoftw UPLD 31.45 -0.20 -41 580 21k 92 79 87 C C- 184 NexteraE 2.4 NEE 183.0 +5.19 -23 10m 23o A B+ 17.3 7ReadyCap 10 RC 15.86 +0.08 -4 538 8
95 84 81
99 94 92 A B 51.0 Cadence CDNS 50.91 +2.23 -8 7.5m 29 95 66 92 B B 52.5 VerintSys VRNT 51.03 +2.26 -4 2.1m 15o 70 52 79 C D- 28.1 Nisource 2.9 NI 26.58 -0.21 +6 16m 20x
87 99 16 A B+ 43.6 Carbonite r CARB 23.85 -4.79 +247 6.0m 14o 95 93 95 .. B 176 Verisign VRSN 173.1 +2.57 -21 3.3m 34o 81 58 90 D B- 65.7 Northwes 3.4 NWE 65.01 +1.94 73 69 49
-48 867 19k B D+ 19.7 AgncInv 12 AGNC 17.81 +0.05 -17 26m 16o
86 86 43 A B- 71.7 CDKGlo 1.1 CDK 55.37 +6.41 +77 12m 15o 93 72 96 C D- 121 Wix.com WIX 111.0 +0.90 -28 2.6m 99 78 63 95 E E 43.1 NRGEne .3 NRG 41.83 +1.03 72 48 83
-47 12m .. C B+ 25.4 Alexandr&Bald ALEX 23.74 +0.73 -41 998 20k
89 72 95 E B- 46.1 Ceridian CDAY. 44.91 +3.54 +66 4.1m .. 98 55 97 A B 190 Workday WDAY. 189.4 +3.35 -39 7.7m 99 80 49 92 C B- 41.8 OGEEner 3.5 OGE 41.26 +0.60 82 59 70
-28 6.1m 19k A C 10.8 AnnalyC 11 NLY 10.42 +0.02 -36 56m 8
59 62 34 B B- 67.6 Cerner CERN 56.01 +1.15 +17 14m 22o 98 72 98 C A 78.9 Zendesk ZEN 76.38 +7.30 +122 21m 99o 89 67 88 C A 87.8 OneGas 2.4 OGS 84.02 +2.14 83 47 80
-42 830 22k A C+ 35.7 Blackst 7.2 BXMT 34.59 +0.27 -40 3.1m 13
93 65 85 A B 120 Checkpoint CHKP 116.3 +3.69 -18 4.1m 20o 94 54 97 D B- 50.0 Zscaler ZS. 48.46 +0.14 -23 7.1m ..k 80 56 85 C C- 92.6 Pinnacl 3.3 PNW 89.38 +1.73 85 85 79
-27 4.4m 19 B D+ 50.4 CBREGrpA CBRE 46.39 +0.47 -28 6.7m 15
5 5 5 5 5 52-wk Dividend Stock Close Wkly Vol% Vol P 5 5 5 5 5 52-wk Dividend Stock Close Wkly Vol% Vol P 5 5 5 5 5 52-wk Dividend Stock Close Wkly Vol% Vol P 5 5 5 5 5 52-wk Dividend Stock Close Wkly Vol% Vol P
High Stock % Yield Symbol Price Chg Chg 1000 E High Stock % Yield Symbol Price Chg Chg 1000 E High Stock % Yield Symbol Price Chg Chg 1000 E High Stock % Yield Symbol Price Chg Chg 1000 E
Accumulation/Distribution (3 mos) Accumulation/Distribution (3 mos) Accumulation/Distribution (3 mos) Accumulation/Distribution (3 mos)
Sales+Profit Margins+ROE Sales+Profit Margins+ROE Sales+Profit Margins+ROE Sales+Profit Margins+ROE
Relative Price Strength Rating Relative Price Strength Rating Relative Price Strength Rating Relative Price Strength Rating
Earnings Per Share Growth Rating Earnings Per Share Growth Rating Earnings Per Share Growth Rating Earnings Per Share Growth Rating
IBD Composite Rating IBD Composite Rating IBD Composite Rating IBD Composite Rating

Copyright 2019 Investor's Business Daily Inc.


B6 WEEK OF FEBRUARY 11, 2019 INVESTORS.COM

NYSE Stocks On The Move Nasdaq Stocks On The Move THE BIG PICTURE
Stocks with high volume vs. 50-day avg.,show heavy institutional action. 80 EPS & RS or better + closing price up are boldfaced.
CompEPS Rel Acc 52-Wk See Stock Closing Vol Vol% CompEPS Rel Acc 52-Wk See Stock Closing Vol Vol%
Rtg Rnk Str Dis High Nyse Stock Chart Symbol Price Chg (1000s) Chg Rtg Rnk Str Dis High Nasd Stock Chart Symbol Price Chg (1000s) Chg Five Steps To Body-Slam
86 78 87 B 129.5 CarlisleCos 119.3 +6.65 1,485 +280 99 95 97 C 115.4 UbiquitiNetwrk o UBNT 124.5 +17.3 2,183 +555
81
95
76
70
72 C
95 B
88.34 Fortive
40.99 Aerojet o
CSL
FTV
AJRD
76.82
39.92
+2.40
+0.65
3,039
1,376
+71
+70
94 84 97 C 79.48 Omnicell o
94 92 97 D+ 121.9 Euronet o
OMCL 76.80 +11.7 1,720 +450
EEFT 126.6 +11.2 1,876 +290
The Dow, S&P 500 Returns
98 72 98 A 78.85 Zendesk o ZEN 76.38 +3.11 3,155 +65 93 72 95 A 16.09 KratosDef o KTOS 16.45 +0.77 2,351 +120
The Innovator IBD 50 ETFFFTY
99 94 98 B 179.2 Paycom o PAYC 176.0 +7.79 962 +53 99 95 97 A 88.47 Paylocity PCTY 82.65 +1.53 372 +64 BY DAVID SAITO-CHUNG
and Innovator IBD Breakout Op-
89 72 95 B 46.09 Ceridian CDAY 44.91 +1.47 634 +27 98 72 95 B 59.48 Cornerstone o CSOD 59.08 +0.85 466 +14 INVESTORS BUSINESS DAILY
portunitiesBOUT are hammering
87 77 73 B+ 175.5 Harris o HRS 160.2 +2.73 1,489 +17 The Dow Jones Industrial Aver- the market with year-to-date re-
87 99 16 B+ 43.63 Carbonite o CARB 23.85 5.45 4,352 +999 age notched a seventh weekly turns of 14.4% and 10.9%, respec-
55 16 83 C+ 42.60 Vocera o VCRA 32.33 7.36 5,075 +999 43 6 94 C+ 31.18 Pinduoduo A PDD 25.95 0.5632,237 +633 gain in a row, even though it melt- tively.
47 50 41 B 89.83 EnerSys ENS 74.68 4.36 1,175 +259 77 99 25 D 287.8 Inogen o INGN 136.7 3.02 2,061 +403 ed a touch on Friday. The Dow Those who are new to IBD can
41 52 38 D+ 102.6 ArchCoal ARCH 81.64 4.28 651 +174 27 47 37 D 109.6 Hasbro o HAS 89.39 0.86 6,382 +376 lagged small gains by the Nasdaq sharply improve individual re-
composite, S&P 500 and Russell sults and even score a chance to
36 36 32 C 35.96 NCR o NCR 26.42 1.02 2,736 +171 90 81 87 C 66.83 FstFncl FFIN 61.85 0.93 1,789 +374 2000, all of which shuffled ahead
72 87 31 B+ 35.50 CenturyCom o CCS 22.93 0.97 1,189 +164 slaughter the major indexes.
56 3 89 B+ 84.37 SeattleGen o SGEN 65.02 8.73 3,565 +311 around 0.1%. Volume cooled.
How? First, never let a loss grow
96 72 97 A 36.05 Chegg o CHGG 34.40 0.81 2,834 +127 52 94 14 C+ 39.50 MastercrBoat MCFT 21.10 2.32 700 +223 Blame a nearly 0.3% drop by the
44 80 28 C+ 53.84 Penske o PAG 42.05 1.82 977 +124 11 27 13 B 33.88 Goodyear o GT 18.69 1.8614,072 +222 price-weighted Dow Jones indus-
trials in large part on health care
31 81 22 C 29.85 TrueBlue TBI 22.14 2.57 453 +113 51 58 48 C 61.21 BeacnRoof o BECN 33.89 1.81 2,777 +187
sector component United-
MARKET PULSE
8 9 19 C 39.73 Sasol SSL 28.79 1.18 429 +98 44 70 22 D+ 86.84 Qorvo o QRVO 64.51 2.02 3,754 +185 Health GroupUNH. The medical in-
18 73 9E 76.70 Anadarko o APC 41.84 0.76 10,267 +93 55 1 99 A 39.50 Evolus EOLS 26.71 2.20 2,469 +175 surance and health care data Fridays action:
90 70 87 A 45.30 Yum China YUMC 40.45 1.21 3,318 +89 60 81 48 C 71.61 HenrySchn HSIC 59.15 3.32 5,745 +171 titan slumped more than seven Stocks close mainly higher
89 73 87 A 46.21 SealAir o SEE 42.89 1.38 3,560 +79 78 95 32 B 123.8 CabotMicro o CCMP 97.71 3.02 575 +149 points to 261.90. Current outlook:
74 98 33 D 47.79 Twitter o TWTR 30.01 0.79 40,542 +75 52 62 19 B 24.97 Grifols B GRFS 18.01 1.20 1,810 +132 Despite UnitedHealths first Confirmed uptrend
weekly loss since the start of
45 80 29 B 33.50 AdvancdDrn WMS 24.41 0.68 455 +67 54 8 97 C 176.5 Sarepta Thera o SRPT 127.9 9.57 2,126 +105 2019, the Dow managed to eke Distribution days:
22 45 32 E 58.80 Adtalem ATGE 47.79 1.21 747 +64 11 1 14 D+ 74.75 Aerie Pharma o AERI 40.39 2.68 1,047 +100 out a weekly advance of nearly 2 on S&P 500, 1 on Nasdaq
2 2 9C 57.93 Veoneer VNE 27.25 1.66 1,073 +63 97 95 93 C 366.2 OReillyAuto o ORLY 360.2 5.23 1,353 +83 0.2%. Perhaps more important, Leaders up in volume:
7 11 12 C 36.84 ArcelrMittal MT 21.98 0.91 4,496 +60 55 95 8 D 278.6 LigandPhar o LGND 114.5 2.04 1,374 +80 the Dow has been closing above
its long-term 200-day moving av- Columbia SportswearCOLM
10 11 14 D+ 47.84 PeabdyEngy BTU 29.73 1.16 1,538 +58 21 25 19 D 34.45 GoldnEntmnt o GDEN 17.02 1.00 416 +78 erage for several days. MatchMTCH KratosKTOS
47 52 22 D+ 77.35 Cubic CUB 57.95 1.42 421 +51 8 8 25 E 154.0 AlnylamPh o ALNY 77.69 3.11 1,627 +77 Since the Jan. 4 follow- RingCentralRNG
46 40 52 C 72.05 DolbyLab o DLB 63.40 0.78 590 +50 85 11 99 A+ 25.10 Cronos CRON 19.55 1.8730,741 +77 through, more stocks have been Ubiquiti NetworksUBNT
52 68 32 D 77.62 TysonFds o TSN 59.29 0.83 4,494 +50 49 80 41 B 56.60 HubGroup o HUBG 44.73 0.75 524 +74 hitting new highs vs. new lows.
71 83 29 A 71.50 DaqoEnergy o DQ 31.35 1.13 302 +49 32 78 8 D+ 100.3 Shutterfly o SFLY 45.22 2.69 1,753 +65 The Nasdaqs advance-decline
line has risen nicely for nearly to more than 8%. Here are five
45 45 28 D 117.6 Haemonetic HAE 83.25 1.78 742 +48 30 69 9 D 84.68 ActivsnBlz o ATVI 43.41 0.5519,229 +62 seven weeks. And most break- steps to beat the market:
75 88 56 B 82.46 Encompass EHC 65.10 3.30 1,091 +47 45 5 80 B 417.9 Mercadolib o MELI 347.8 10.4 907 +58 outs have been working. Some 1. Focus on market direction
54 66 44 D 120.3 KCSouthrn o KSU 102.2 0.91 1,588 +39 14 36 7 C 66.20 PDC Energy o PDCE 30.82 1.09 1,836 +55 have retreated to their pivot and buy only when the Market
36 57 41 D 48.92 MetLife o MET 42.71 0.81 9,334 +38 40 84 13 D 52.50 UrbnOutfit o URBN 30.90 0.64 3,983 +54 points. Thats normal. Pulse shows a current outlook of
Indexes wiped out sharp early market in confirmed uptrend.
12 31 20 D 54.70 PrudentialPLC PUK 38.75 0.97 646 +35 53 84 30 C 88.08 Netapp o NTAP 66.00 0.99 4,677 +52 2. Focus your money on leading
96 80 73 B 137.2 Middleby o MIDD 120.3 1.27 560 +47 losses Friday and ended near the
48 55 41 B 73.23 CardinalHlth o CAH 52.67 1.58 4,701 +34 top of intraday ranges. Thats bull- sectors and the top 40 industry
40 62 23 B 55.78 BorgWarner o BWA 38.28 0.94 2,400 +34 20 60 8 D 45.35 AcadiaHlthcr o ACHC 26.40 1.21 1,851 +39 ish. It means institutional de- groups, or those that are climbing
73 41 55 C 62.40 Meredith o MDP 52.52 0.57 516 +31 58 74 30 C 107.0 BOKFncl BOKF 85.26 1.26 370 +34 mand for equities is still heavy. quickly up the rankings.
24 49 14 B 63.04 Mednax o MD 35.09 1.23 1,295 +26 7 62 3 E 105.7 WghtWatchr o WTW 28.64 0.74 3,465 +33 Meanwhile, it would not be an 3. Buy only the No. 1 or No. 2
exaggeration to declare that top- name in a top industry. Use Stock
71 78 26 D 230.0 GenDynamics o GD 172.1 1.47 2,255 +26 56 47 38 C+ 37.95 NatusMed o BABY 29.97 0.51 514 +31 Checkup to compare stocks.
85 83 86 B 78.54 Repbl Srvc o RSG 76.68 1.05 2,022 +25 57 87 30 D+ 49.97 HlthcrSvc HCSG 38.75 0.63 877 +25 rated growth stocks are body-
slamming the performance of the 4. Use charts to spot the right
41 72 37 E 73.99 WillSonoma o WSM 52.88 1.48 1,749 +23 95 82 96 B 49.99 Ensign ENSG 46.98 2.00 455 +24 major indexes. Consider chip de- buy points. Leaderboard and
28 48 27 E 88.45 MarathonPet o MPC 62.72 0.98 8,267 +15 64 94 17 B 79.00 IndepndntBk IBTX 53.98 1.14 360 +24 signer XilinxXLNX (up 19% past a