Price change since August 1, 2014 recommendation of WFM:
We said the following at the time:
“Investors interested in WFM should consider a 3 step purchase plan with the first purchase at the current price with additional investments at $30 and at $24 or below. It appears that WFM has considerable price support at the $24 level.”
Gould’s Speed Resistance Lines
Posted in Altimeter, downside, Edson Gould, speed resistance line, SRL, WFM, WFMI
Performance Review
Below is the performance of the companies that appeared on our August 26, 2014 watch list.
| symbol | Name | 2014 | 2015 | % chg |
| MAT | Mattel, Inc. | 34.66 | 23.2 | -33.06% |
| CA | CA Technologies, Inc. | 28.31 | 27.26 | -3.71% |
| SPLS | Staples, Inc. | 11.06 | 13.75 | 24.32% |
| WFM | Whole Foods Market, Inc. | 38.495 | 32.85 | -14.66% |
| XLNX | Xilinx Inc. | 41.78 | 42.27 | 1.17% |
| FOSL | Fossil Group, Inc. | 102.5 | 61.6 | -39.90% |
| FAST | Fastenal Company | 45.73 | 38.69 | -15.39% |
| DLTR | Dollar Tree, Inc. | 53.51 | 76.73 | 43.39% |
| EXPD | Expeditors Intl of Wash | 41.64 | 49.66 | 19.26% |
| SRCL | Stericycle, Inc. | 119.06 | 142 | 19.27% |
The list of stocks achieved an average gain of +0.07% compared to the Nasdaq 100 gain of +6.28%.
This watch list achieved exceptional performance based on the analyst estimates as six of the ten stocks exceeded analyst expectations (MAT, WFM, DLTR, EXPD, SPLS, SRCL).
Nasdaq 100 Watch List
Below are the Nasdaq 100 stocks worth your consideration along with the analyst estimates of price change for the coming year.
Performance Review
Below is the performance of the Nasdaq 100 watch list from May 9, 2014:
| Symbol | Name | 2014 | 2015 | % change |
| DISCA | Discovery Comm. | 37.33 | 31.33 | -16.07% |
| BBBY | Bed Bath & Beyond Inc. | 61.31 | 71.44 | 16.52% |
| ISRG | Intuitive Surgical, Inc. | 353.06 | 494.32 | 40.01% |
| NTAP | NetApp, Inc. | 34.19 | 35.65 | 4.27% |
| EBAY | eBay Inc. | 50.54 | 58.82 | 16.38% |
| ALTR | Altera Corp. | 32.38 | 44.46 | 37.31% |
| WFM | Whole Foods Market, Inc. | 39.32 | 42.58 | 8.29% |
| SIRI | Sirius XM Holdings Inc. | 3.16 | 3.87 | 22.47% |
| VRSK | Verisk Analytics, Inc. | 60.53 | 73.66 | 21.69% |
| COST | Costco Wholesale | 115.39 | 145.88 | 26.42% |
| LMCA | Liberty Media Corp. | 34.18 | 37.93 | 10.97% |
| SRCL | Stericycle, Inc. | 113.90 | 134.01 | 17.66% |
| CERN | Cerner Corporation | 50.19 | 68.02 | 35.53% |
| CA | CA Technologies | 29.41 | 31.60 | 7.45% |
The average gain of the entire list was +17.78% while the top five stocks (DISCA, BBBY, ISRG, NTAP, EBAY) gained an average of +12.22%. This compares with the gain for the Nasdaq 100 index of +23.41% in the same 1-year time period.
As has frequently been the case, analyst expectations were too optimistic for stocks on the far right (DISCA, CA, CERN, SIRI, NTAP) where the average gains of +10.73%. Likewise, the view was too pessimistic for stocks on the far left (LMCA, ISRG, WFM, COST, BBBY) which averaged +20.44% in the above chart.
The absolute change in Liberty Media (LMCA) and Intuitive Surgical (ISRG) was the most extreme. Liberty Media saw its p/e ratio expand from 20 to 72 while ISRG’s p/e ratio increased from 26 to 39. The increase in the p/e ratio should be expected with the increase in price. However, value oriented investors would have overlooked these stocks simply because of the high p/e ratios and the expectation of lower earnings by analysts in 2014.
Watch List: May 8, 2015
Below are the Nasdaq 100 stocks of interest:
Below are the Nasdaq 100 companies that are within 10% of their respective 52-week lows. Stocks that appear on our watch lists are not recommendations to buy. Instead, they are the starting point for doing your research and determining the best company to buy. Ideally, a stock that is purchased from this list is done after a considerable decline in the price and rigorous due diligence.