Friday, July 5, 2013

For those lucky enough to be at their desks today, Quant remains patriotic with 9 out of the top 10 being US funds with mostly Canadian GDX rounding out the group.  Yesterday’s rally in Europe is not yet reflected in the US based products that Quant scores so we will have to assess that Monday morning along with the reactions to today’s jobs report.

We see some change in the Green Diamond model where PWO has passed the baton to the AdvisorShares TrimTabs Float Shrink Fund (TTFS) which gets the 10 Green Diamond distinction for the second time in 10 days.  Actively managed by Charles Biderman, the fund seeks to outperform the Russell 3000 by selecting an equal weighted portfolio of companies that have reduced their shares outstanding over time.  Secondary screens identify those companies that are doing so as a result of high cash flow and not divestment of assets or balance sheet engineering.  The fund has been a hot performer gaining more than 23% year to date but it still gets a 90.3 Fundamental Score.  It also gets a higher than average 5.24 Red Diamond Risk Rating, so keep an eye on it.

If you are looking for something to do today, put TTFS on your radar screen.  Those who own it are happy they do.  We have plenty to do today and hope the rest of your holiday weekend is a happy one, thanks for checking in.

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