A Baker's Dozen Of Top Value-Stocks For 2012: Part III
Here is an excerpt from Daniel Sckolnik's latest article on Seeking Alpha:
As of Wednesday's market close, the Baker's Dozen (BD) was up a sturdy 14.8% YTD, compared to 4.8% for SPY over the course of the same time period.
Another popular basket of stocks, the 2012 version of the "Dogs of the Dow," (DOTD) is up slightly less than 4% on the year.
Admittedly, the Baker's Dozen, like the DOTD, is designed as a year-long "Buy and Hold" strategy, and it is impossible to predict how the next 11 months shall unfold. Still, 14.8% is a number that would have to inspire a certain degree of confidence in the picks chosen by David Brown, Sabrient's founder and Chief Market Strategist, which were gleaned from the firm's quantitative models, with an assist from Gradient Analytics, the firm's qualitative division.
And, it certainly would seem to be in step with the BD's past performance, coming in at 36%, 21% and 7.3%, respectively, over the last three years.
A big reason the Baker's Dozen is performing as well as it is right now is due to Seagate Technology (STX), which was the top-rated pick on the list. Seagate shot up over 20% on Wednesday, following an early morning earnings announcement that beat both revenue and EPS estimates. STX ended the day at 25.52, up over 50% for the year so far.
So is Seagate a horse that has run its course? Or does it still have some room to run?