Portable Alpha Daily

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Friday, January 26, 2007

Fairchild Semi.

Ouch. There aren’t a whole lot of New Buy Recommended securities this morning, which is to be expected after yesterday’s beating. In fact, there are only four issues that meet my minimum requirements this morning:

East West Bancorp Inc. (EWBC)

Fairchild Semiconductor International (FCS)

Granite Construction Inc. (GVA)

Legg Mason Inc. (LM)

Financials (IYF) took it on the nose yesterday (as did mostly everything) and now carry a neutral recommendation, but I’m still bullish on the sector for the near-term. I am surprised about Fairchild Semi. making it’s way to the top, especially considering Semiconductors (IGW) is our weakest rated sector. At this point, I’ve got to believe that semis are oversold, but until I see better breadth and more companies generating alpha, I’m not touching them.

Short-Term Technical Indicators

Investor Sentiment

Long-Term Market Model – Bearish since December 8th.

Asset Allocation – AAS Model Portfolios are between 56.25% and 75% long currently.

Beta Exposure and Portable Alpha Generation
Date = Date of AAS “Buy” or “Short/Sell” Recommendation

Top Rated Major Market Derivative – No buy recommended major market investments

Top Rated Style-Box Derivative – No buy recommended style-box investments

Top Rated Sector Derivative – No buy recommended sector investments

Today’s Top “Buy” Recommended Stocks

CPI Corp. (CPY 1/23/07)

NBTY, Inc. (NTY 12/5/06)

Savient Pharmaceuticals Inc. (SVNT 8/9/06)

Martin Marietta Materials, Inc. (MLM 11/6/06)

Rock-Tenn Co. (RKT 4/27/06)

Legg Mason, Inc. (LM 1/9/07)

Precision Castparts Corp. (PCP 9/20/06)

CarMax Inc. (KMX 7/25/06)

Navistar International Corp. (NAV 9/12/06)

The Goodyear Tire & Rubber Co. (GT 8/23/06)

Today’s Top “Sell” Recommended Stocks

Plexus Corp. (PLXS 12/29/06)

Advanced Micro Devices Inc. (AMD 9/27/06)

Whole Foods Market Inc. (WFMI 11/2/06)

StarTek, Inc. (SRT 11/28/06)

Lenox Group Inc. (LNX 12/22/06)


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