Stats for 2021-05-28 (4th week of the Month)

Stats for 2021-05-28 (4th week of the Month)

List creation date: 2021-05-28

Median MarketCap: 12112

39.1% stocks on Nasdaq; 60.9% stocks on NYSE/Amex

Sector
Consumer Cyclicals	22%
Basic Materials	17%
Technology	17%
Financials	13%
Healthcare	13%
Industrials	11%
Real Estate	4%
Energy	2%

Industry
Metals & Mining - I	7%
Biotechnology & Med	7%
IT Services & Consu	7%
Online Services	4%
REITs - Specialized	4%
Retailers - Miscell	4%
Non-Paper Container	4%
Industrial Machiner	4%
Construction Suppli	4%
Consumer Lending	4%
Investment Banking	2%
Investment Manageme	2%
Financial & Commodi	2%
Advanced Medical Eq	2%
Medical Equipment,	2%
Healthcare Faciliti	2%
Toys & Children's P	2%
Recreational Produc	2%
Retailers - Discoun	2%
Retailers - Apparel	2%
Construction & Engi	2%
Professional Inform	2%
Freight & Logistics	2%
Footwear	2%
Homebuilding	2%
Metals & Mining - S	2%
Forest & Wood Produ	2%
Paper Products	2%
Banks	2%
Semiconductor Equip	2%
Communications & Ne	2%
Electronic Equipmen	2%
Oil & Gas - Transpo	2%

Country
United States	89%
Brazil	2%
Canada	2%
China	2%
Germany	2%
Netherlands	2%

GPA	Sym	Industry	Sector	MktCap	Country	Name
3.84	WMS	Construction Suppli	Consumer Cyclicals	8057	US	Advanced Drainage Systems
3.80	OC	Construction Suppli	Consumer Cyclicals	11138	US	Owens Corning
3.96	BGFV	Retailers - Miscell	Consumer Cyclicals	706	US	Big 5 Sporting Goodsorati
3.88	DKS	Retailers - Miscell	Consumer Cyclicals	8816	US	Dicks Sporting Goods
3.96	CROX	Footwear	Consumer Cyclicals	6642	US	Crocs,
3.92	CCS	Homebuilding	Consumer Cyclicals	2752	US	Century Communities
3.92	FNKO	Toys & Children's P	Consumer Cyclicals	1320	US	Funko
3.92	YETI	Recreational Produc	Consumer Cyclicals	7660	US	Yeti Holdings
3.96	TGT	Retailers - Discoun	Consumer Cyclicals	113133	US	Target
3.88	BOOT	Retailers - Apparel	Consumer Cyclicals	2282	US	Boot Barn Holdings
3.96	VALE	Metals & Mining - I	Basic Materials	111968	Brazil	Vale SA (ADR)
3.88	SCHN	Metals & Mining - I	Basic Materials	1512	US	Schnitzer Steel Industries, In
3.84	STLD	Metals & Mining - I	Basic Materials	13087	US	Steel Dynamics,
3.92	AVY	Non-Paper Container	Basic Materials	18149	US	Avery Dennison
3.80	BERY	Non-Paper Container	Basic Materials	9199	US	Berry Global Group
3.92	FCX	Metals & Mining - S	Basic Materials	62417	US	Freeport-McMoRan
3.96	LPX	Forest & Wood Produ	Basic Materials	6958	US	Louisiana-Pacific
3.96	RFP	Paper Products	Basic Materials	1369	Canada	Resolute Forest Products
3.96	FTNT	IT Services & Consu	Technology	35332	US	Fortinet
3.96	PRFT	IT Services & Consu	Technology	2377	US	Perficient,
3.84	EPAM	IT Services & Consu	Technology	26614	US	EPAM Systems
3.96	FB	Online Services	Technology	943501	US	Facebook
3.92	GOOGL	Online Services	Technology	1596271	US	Alphabet
3.92	ASML	Semiconductor Equip	Technology	278185	Netherlands	ASML Holding NV (ADR)
3.88	CALX	Communications & Ne	Technology	2823	US	Calix
3.80	JBL	Electronic Equipmen	Technology	8374	US	Jabil
3.92	NAVI	Consumer Lending	Financials	3283	US	Navient
3.84	QFIN	Consumer Lending	Financials	4504	China	360 DigiTech
3.88	SIVB	Banks	Financials	31758	US	SVB Financial Group
3.92	SF	Investment Banking	Financials	7264	US	Stifel Financial
3.92	TROW	Investment Manageme	Financials	43150	US	T Rowe Price Group
3.80	TW	Financial & Commodi	Financials	18806	US	Tradeweb Markets
3.96	BNTX	Biotechnology & Med	Healthcare	47749	Germany	BioNTech SE - ADR
3.88	CRL	Biotechnology & Med	Healthcare	16694	US	Charles River Laboratories Int
3.84	PRAH	Biotechnology & Med	Healthcare	11076	US	PRA Health Sciences
3.88	WAT	Advanced Medical Eq	Healthcare	19975	US	Waters
3.96	WST	Medical Equipment,	Healthcare	25447	US	West Pharmaceutical Services I
3.92	LH	Healthcare Faciliti	Healthcare	26909	US	Laboratory. of America Ho
3.84	SWK	Industrial Machiner	Industrials	34621	US	Stanley Black & Decker,
3.80	SNA	Industrial Machiner	Industrials	13720	US	Snap-on
3.84	MTZ	Construction & Engi	Industrials	8702	US	MasTec,
3.88	EFX	Professional Inform	Industrials	28662	US	Equifax
3.92	EXPD	Freight & Logistics	Industrials	21121	US	Expeditors International of Ws
3.96	ABR	REITs - Specialized	Real Estate	2416	US	Arbor Realty Trust
3.88	NSA	REITs - Specialized	Real Estate	3507	US	National Storage Affiliates Tr
3.92	MPLX	Oil & Gas - Transpo	Energy	29589	US	MPLX LP

---

Stats for 2021-05-21 (3rd week of the Month)

Stats for 2021-05-21 (3rd week of the Month)

List creation date: 2021-05-21

Median MarketCap: 16151

41.2% stocks on Nasdaq; 58.8% stocks on NYSE/Amex

Sector
Technology	24%
Basic Materials	18%
Consumer Cyclicals	15%
Financials	15%
Healthcare	15%
Industrials	9%
Real Estate	3%
Energy	3%

Industry
Biotechnology & Med	9%
IT Services & Consu	9%
Online Services	6%
Metals & Mining - I	6%
Investment Banking	6%
Paper Products	3%
Non-Paper Container	3%
Construction & Engi	3%
Professional Inform	3%
Freight & Logistics	3%
Homebuilding	3%
Toys & Children's P	3%
Retailers - Discoun	3%
Retailers - Apparel	3%
Retailers - Miscell	3%
Banks	3%
Consumer Lending	3%
Investment Manageme	3%
Advanced Medical Eq	3%
Medical Equipment,	3%
Semiconductors	3%
Semiconductor Equip	3%
Communications & Ne	3%
Metals & Mining - S	3%
Construction Materi	3%
REITs - Specialized	3%
Oil & Gas - Transpo	3%

Country
United States	91%
Canada	3%
Germany	3%
Netherlands	3%

GPA	Sym	Industry	Sector	MktCap	Country	Name
3.96	FTNT	IT Services & Consu	Technology	34676	US	Fortinet
3.96	PRFT	IT Services & Consu	Technology	2408	US	Perficient,
3.92	EPAM	IT Services & Consu	Technology	26638	US	EPAM Systems
3.92	FB	Online Services	Technology	903407	US	Facebook
3.88	GOOGL	Online Services	Technology	1561935	US	Alphabet
3.80	ARW	Semiconductors	Technology	8973	US	Arrow Electronics,
3.92	ASML	Semiconductor Equip	Technology	268020	Netherlands	ASML Holding NV (ADR)
3.88	CALX	Communications & Ne	Technology	2748	US	Calix
3.84	NUE	Metals & Mining - I	Basic Materials	30262	US	Nucor
3.84	STLD	Metals & Mining - I	Basic Materials	13085	US	Steel Dynamics,
3.88	FCX	Metals & Mining - S	Basic Materials	60409	US	Freeport-McMoRan
3.88	EXP	Construction Materi	Basic Materials	5951	US	Eagle Materials,
3.92	RFP	Paper Products	Basic Materials	1211	Canada	Resolute Forest Products
3.84	BERY	Non-Paper Container	Basic Materials	9393	US	Berry Global Group
3.92	CCS	Homebuilding	Consumer Cyclicals	2571	US	Century Communities
3.92	FNKO	Toys & Children's P	Consumer Cyclicals	1229	US	Funko
3.88	TGT	Retailers - Discoun	Consumer Cyclicals	110356	US	Target
3.88	BOOT	Retailers - Apparel	Consumer Cyclicals	2095	US	Boot Barn Holdings
3.96	BGFV	Retailers - Miscell	Consumer Cyclicals	619	US	Big 5 Sporting Goodsorati
3.92	SF	Investment Banking	Financials	7145	US	Stifel Financial
3.84	EVR	Investment Banking	Financials	6796	US	Evercore
3.84	SIVB	Banks	Financials	30406	US	SVB Financial Group
3.92	NAVI	Consumer Lending	Financials	3097	US	Navient
3.96	TROW	Investment Manageme	Financials	43082	US	T Rowe Price Group
3.96	BNTX	Biotechnology & Med	Healthcare	49200	Germany	BioNTech SE - ADR
3.88	PRAH	Biotechnology & Med	Healthcare	11285	US	PRA Health Sciences
3.80	IQV	Biotechnology & Med	Healthcare	45374	US	Iqvia Holdings
3.84	WAT	Advanced Medical Eq	Healthcare	19217	US	Waters
3.96	WST	Medical Equipment,	Healthcare	24568	US	West Pharmaceutical Services I
3.84	MTZ	Construction & Engi	Industrials	8503	US	MasTec,
3.92	EFX	Professional Inform	Industrials	28394	US	Equifax
3.92	EXPD	Freight & Logistics	Industrials	20518	US	Expeditors International of Ws
3.92	MPLX	Oil & Gas - Transpo	Energy	29867	US	MPLX LP
3.88	NSA	REITs - Specialized	Real Estate	3437	US	National Storage Affiliates Tr

---

Inflation

Key Points 

• Is inflation a short-term (or transitory) effect of the pandemic, or something more sinister and longer-lasting. 
• There are headwinds and tailwinds for inflation, both short-term and long-term. 
•  History shows the impact of inflation on stocks is felt more within the higher-valuation segments of the market. 

 Although Jerome Powell and other Fed members have been selling the “transitory” narrative; it doesn’t mean markets might not have continued volatility eruptions until the narrative is clearer. 

Globalization was a contributor to disinflationary trend of the past few decades, with de-globalization it is set to do the opposite. 

There are countervailing forces acting as headwinds for inflation as well; helping to explain why the debate about the stickiness of inflation rages on. One is “creative destruction (disruptive technologies),” especially with regard to technology-related innovations and disruptions. The wealth divide—which has been exacerbated by the pandemic—is also an inflation headwind. Lower income households have much less ability to save and often live paycheck-to-paycheck; while the upper income households have a much higher ability to save, and tend to spend less as a portion of their income.

Stats for 2021-05-14 (2nd week of the Month)

Stats for 2021-05-14 (2nd week of the Month)

List creation date: 2021-05-14

Median MarketCap: 10225

42.9% stocks on Nasdaq; 57.1% stocks on NYSE/Amex

Sector
Consumer Cyclicals	33%
Basic Materials	21%
Financials	14%
Industrials	12%
Healthcare	7%
Technology	7%
Real Estate	2%
Energy	2%

Industry
Metals & Mining - I	10%
Recreational Produc	10%
Non-Paper Container	5%
Industrial Machiner	5%
Homebuilding	5%
Biotechnology & Med	5%
Semiconductor Equip	2%
IT Services & Consu	2%
Online Services	2%
REITs - Specialized	2%
Construction Suppli	2%
Appliances, Tools &	2%
Toys & Children's P	2%
Oil & Gas - Transpo	2%
Construction & Engi	2%
Professional Inform	2%
Freight & Logistics	2%
Auto, Truck & Motor	2%
Footwear	2%
Metals & Mining - A	2%
Metals & Mining - S	2%
Construction Materi	2%
Broadcasting	2%
Retailers - Apparel	2%
Retailers - Miscell	2%
Banks	2%
Consumer Lending	2%
Investment Banking	2%
Investment Manageme	2%
Financial & Commodi	2%
Insurance - Multili	2%
Healthcare Faciliti	2%

Country
United States	93%
Brazil	2%
Germany	2%
Netherlands	2%

GPA	Sym	Industry	Sector	MktCap	Country	Name
3.96	HZO	Recreational Produc	Consumer Cyclicals	1314	US	MarineMax
3.92	YETI	Recreational Produc	Consumer Cyclicals	7481	US	Yeti Holdings
3.92	VSTO	Recreational Produc	Consumer Cyclicals	2121	US	Vista Outdoor
3.88	BC	Recreational Produc	Consumer Cyclicals	8545	US	Brunswick
3.96	LGIH	Homebuilding	Consumer Cyclicals	4309	US	LGI Homes
3.92	CCS	Homebuilding	Consumer Cyclicals	2499	US	Century Communities
3.96	FOXF	Auto, Truck & Motor	Consumer Cyclicals	6404	US	Fox Factory Holding
3.96	CROX	Footwear	Consumer Cyclicals	6542	US	Crocs,
3.92	BCC	Construction Suppli	Consumer Cyclicals	2802	US	Boise Cascade Co
3.88	WHR	Appliances, Tools &	Consumer Cyclicals	15418	US	Whirlpool
3.92	FNKO	Toys & Children's P	Consumer Cyclicals	1163	US	Funko
3.88	DISH	Broadcasting	Consumer Cyclicals	23530	US	DISH Network
3.88	BOOT	Retailers - Apparel	Consumer Cyclicals	2148	US	Boot Barn Holdings
3.96	BGFV	Retailers - Miscell	Consumer Cyclicals	616	US	Big 5 Sporting Goodsorati
3.96	VALE	Metals & Mining - I	Basic Materials	111970	Brazil	Vale SA (ADR)
3.92	NUE	Metals & Mining - I	Basic Materials	30164	US	Nucor
3.92	SCHN	Metals & Mining - I	Basic Materials	1477	US	Schnitzer Steel Industries, In
3.88	STLD	Metals & Mining - I	Basic Materials	13448	US	Steel Dynamics,
3.96	AVY	Non-Paper Container	Basic Materials	18298	US	Avery Dennison
3.84	BERY	Non-Paper Container	Basic Materials	9312	US	Berry Global Group
3.88	AA	Metals & Mining - A	Basic Materials	7307	US	Alcoa
3.92	FCX	Metals & Mining - S	Basic Materials	61508	US	Freeport-McMoRan
3.96	EXP	Construction Materi	Basic Materials	6307	US	Eagle Materials,
3.88	SIVB	Banks	Financials	30284	US	SVB Financial Group
3.92	NAVI	Consumer Lending	Financials	3080	US	Navient
3.96	SF	Investment Banking	Financials	7178	US	Stifel Financial
3.96	TROW	Investment Manageme	Financials	42833	US	T. Rowe Price Group
3.84	TW	Financial & Commodi	Financials	19145	US	Tradeweb Markets
3.84	AJG	Insurance - Multili	Financials	28572	US	Arthur J Gallagher & Co
3.88	SWK	Industrial Machiner	Industrials	34899	US	Stanley Black & Decker,
3.84	SNA	Industrial Machiner	Industrials	13681	US	Snap-on
3.88	MTZ	Construction & Engi	Industrials	8679	US	MasTec,
3.92	EFX	Professional Inform	Industrials	28846	US	Equifax
3.88	EXPD	Freight & Logistics	Industrials	20013	US	Expeditors International of Ws
3.96	BNTX	Biotechnology & Med	Healthcare	43665	Germany	BioNTech SE - ADR
3.92	PRAH	Biotechnology & Med	Healthcare	11139	US	PRA Health Sciences
3.92	LH	Healthcare Faciliti	Healthcare	27021	US	Laboratory. of America Ho
3.92	ASML	Semiconductor Equip	Technology	259575	Netherlands	ASML Holding NV (ADR)
3.92	FTNT	IT Services & Consu	Technology	32401	US	Fortinet
3.92	LQDT	Online Services	Technology	918	US	Liquidity Services,
3.92	MPLX	Oil & Gas - Transpo	Energy	29311	US	MPLX LP
3.92	ABR	REITs - Specialized	Real Estate	2306	US	Arbor Realty Trust

---

Up and Down the state of the current Market

05/08/2021

Value vs Growth

The economy still looks that it is likely to expand strongly over the next couple of years. That is all what value stocks need to beat growth stocks.

Since 1979, the U.S. economy has grown quarter over quarter of the prior year on an average of 2.5%. When GDP growth is below that level, growth stocks outperform, largely because they can grow even when there is little growth to be had from the economy. When GDP growth is above that level, value stocks outperform growth stocks.

With GDP set to increase by 6.4% in 2021 and 4% in 2022, the stage is set for value stocks to outperform. Over the next 12 months the companies in the Russell 1000 growth index are expected to grow their earnings at 24%; whereas companies in Russell 1000 value index are expected to grow earning by 28%. This is the first time in a decade that the earnings growth offered by value companies is higher than that offered by growth companies. Yet growth stocks are priced as if they are leading the race. When growth is abundant you don’t want to pay a premium for it.

Value ETFs have started to outperform S&P500 index. Example VTV (Vanguard value index), VBR (Vanguard small cap value index), SDOG (ALPS sector dividend dogs) and VFH (Vanguard financial index).

Over the last decade value stocks have underperformed growth stocks. Has the tide turned and value will start outperforming? If the spurring of the economy is only because of the fiscal stimulus and is not sustained, then GDP growth will slow in a year or two and growth stocks will start to outperform again.

Inflation

As a result of the Covid-19 pandemic, the government’s response was to pump trillions of dollars into the U.S. economy. The current administration is rolling out trillion-dollar stimulus bills that we know the Fed will monetize by buying Treasury paper with money conjured from nothing. The Fed can do that because the dollars it creates are used globally as a store of value and medium of exchange.

The question: Is the fiscal stimulus from Washington spurring the economy? Or is it a one time shot in the arm, for the economy? It is, in any case boosting prices at the gas pump, grocery store and home-improvement stores.

This can be seen in commodity prices going up. DBC (PowerShares DB commodity index) is outperforming the S&P500 index.

Stats for 2021-05-07 (1st week of the Month)

Stats for 2021-05-07 (1st week of the Month)

List creation date: 2021-05-07

Median MarketCap: 13022

31.9% stocks on Nasdaq; 68.1% stocks on NYSE/Amex

Sector
Consumer Cyclicals	32%
Basic Materials	26%
Technology	13%
Industrials	11%
Financials	9%
Healthcare	6%
Real Estate	4%

Industry
Metals & Mining - I	9%
Homebuilding	9%
Construction Suppli	9%
Non-Paper Container	4%
Industrial Machiner	4%
Biotechnology & Med	4%
Retailers - Home Fu	4%
IT Services & Consu	4%
REITs - Specialized	4%
Chemicals - Agricul	2%
Online Services	2%
Retailers - Miscell	2%
Semiconductors	2%
Semiconductor Equip	2%
Communications & Ne	2%
Professional Inform	2%
Freight & Logistics	2%
Freight & Logistics	2%
Footwear	2%
Metals & Mining - A	2%
Metals & Mining - S	2%
Metals & Mining - D	2%
Construction Materi	2%
Forest & Wood Produ	2%
Appliances, Tools &	2%
Recreational Produc	2%
Retailers - Auto Ve	2%
Investment Banking	2%
Financial & Commodi	2%
Insurance - Multili	2%
Healthcare Faciliti	2%
Consumer Lending	2%

Country
United States	94%
Brazil	2%
Canada	2%
Netherlands	2%

GPA	Sym	Industry	Sector	MktCap	Country	Name
3.96	DHI	Homebuilding	Consumer Cyclicals	36589	US	D. R. Horton
3.96	LGIH	Homebuilding	Consumer Cyclicals	4371	US	LGI Homes
3.92	CCS	Homebuilding	Consumer Cyclicals	2581	US	Century Communities
3.88	BZH	Homebuilding	Consumer Cyclicals	756	US	Beazer Homes USA,
3.96	BLDR	Construction Suppli	Consumer Cyclicals	10770	US	Builders FirstSource,
3.88	FBHS	Construction Suppli	Consumer Cyclicals	15195	US	Fortune Brands Home & Security
3.88	OC	Construction Suppli	Consumer Cyclicals	10902	US	Owens Corning
3.88	WMS	Construction Suppli	Consumer Cyclicals	7719	US	Advanced Drainage Systems
3.96	WSM	Retailers - Home Fu	Consumer Cyclicals	13788	US	Williams-Sonoma,
3.92	RH	Retailers - Home Fu	Consumer Cyclicals	14382	US	RH
3.96	CROX	Footwear	Consumer Cyclicals	6926	US	Crocs,
3.96	WHR	Appliances, Tools &	Consumer Cyclicals	15670	US	Whirlpool
3.96	YETI	Recreational Produc	Consumer Cyclicals	7681	US	Yeti Holdings
3.88	CWH	Retailers - Auto Ve	Consumer Cyclicals	3980	US	Camping World Holdings
3.96	BGFV	Retailers - Miscell	Consumer Cyclicals	631	US	Big 5 Sporting Goodsorati
3.96	VALE	Metals & Mining - I	Basic Materials	115235	Brazil	Vale SA (ADR)
3.92	X	Metals & Mining - I	Basic Materials	7000	US	United States Steeloratio
3.92	SCHN	Metals & Mining - I	Basic Materials	1533	US	Schnitzer Steel Industries, In
3.88	STLD	Metals & Mining - I	Basic Materials	13022	US	Steel Dynamics,
3.96	AVY	Non-Paper Container	Basic Materials	18291	US	Avery Dennison
3.84	BERY	Non-Paper Container	Basic Materials	9113	US	Berry Global Group
3.84	MOS	Chemicals - Agricul	Basic Materials	13467	US	Mosaic Co
3.96	AA	Metals & Mining - A	Basic Materials	7449	US	Alcoa
3.96	FCX	Metals & Mining - S	Basic Materials	61655	US	Freeport-McMoRan
3.92	TRQ	Metals & Mining - D	Basic Materials	3789	Canada	Turquoise Hill Resources Ltd
3.92	EXP	Construction Materi	Basic Materials	6066	US	Eagle Materials,
3.96	LPX	Forest & Wood Produ	Basic Materials	7080	US	Louisiana-Pacific
3.96	FTNT	IT Services & Consu	Technology	33727	US	Fortinet
3.88	EPAM	IT Services & Consu	Technology	25850	US	EPAM Systems
3.84	ARW	Semiconductors	Technology	8467	US	Arrow Electronics,
3.92	ASML	Semiconductor Equip	Technology	266810	Netherlands	ASML Holding NV (ADR)
3.96	CMBM	Communications & Ne	Technology	1483	US	Cambium Networks
3.88	GOOGL	Online Services	Technology	1580645	US	Alphabet
3.88	SWK	Industrial Machiner	Industrials	35109	US	Stanley Black & Decker,
3.84	SNA	Industrial Machiner	Industrials	13527	US	Snap-on
3.88	EFX	Professional Inform	Industrials	28863	US	Equifax
3.84	EXPD	Freight & Logistics	Industrials	19508	US	Expeditors International of Ws
3.84	ODFL	Freight & Logistics	Industrials	30726	US	Old Dominion Freight Line
3.92	NAVI	Consumer Lending	Financials	3050	US	Navient
3.96	SF	Investment Banking	Financials	7531	US	Stifel Financial
3.84	TW	Financial & Commodi	Financials	19094	US	Tradeweb Markets
3.84	AJG	Insurance - Multili	Financials	29156	US	Arthur J Gallagher & Co
3.92	CRL	Biotechnology & Med	Healthcare	16927	US	Charles River Laboratories Int
3.92	PRAH	Biotechnology & Med	Healthcare	11035	US	PRA Health Sciences
3.92	LH	Healthcare Faciliti	Healthcare	27168	US	Laboratory. of America Ho
3.92	WY	REITs - Specialized	Real Estate	29384	US	Weyerhaeuser Co
3.92	NSA	REITs - Specialized	Real Estate	3452	US	National Storage Affiliates Tr

---

Stats for 2021-04-30 (5th week of the Month)

Stats for 2021-04-30 (5th week of the Month)

List creation date: 2021-04-30

Median MarketCap: 7652

48.9% stocks on Nasdaq; 51.1% stocks on NYSE/Amex

Sector
Consumer Cyclicals	40%
Technology	24%
Healthcare	13%
Basic Materials	13%
Financials	4%
Industrials	2%
Real Estate	2%

Industry
Semiconductor Equip	13%
Biotechnology & Med	9%
Construction Suppli	9%
Recreational Produc	7%
Homebuilding	7%
Online Services	4%
Appliances, Tools &	4%
Metals & Mining - I	4%
Forest & Wood Produ	4%
Casinos & Gaming	2%
Retailers - Auto Ve	2%
Retailers - Home Fu	2%
Retailers - Miscell	2%
Consumer Lending	2%
Investment Manageme	2%
Advanced Medical Eq	2%
Pharmaceuticals	2%
Industrial Machiner	2%
Auto, Truck & Motor	2%
Footwear	2%
Metals & Mining - D	2%
Construction Materi	2%
REITs - Specialized	2%
Communications & Ne	2%
IT Services & Consu	2%
Software	2%

Country
United States	87%
Israel	4%
Netherlands	2%
Singapore	2%
Brazil	2%
Canada	2%

GPA	Sym	Industry	Sector	MktCap	Country	Name
3.92	BLDR	Construction Suppli	Consumer Cyclicals	10315	US	Builders FirstSource,
3.92	WMS	Construction Suppli	Consumer Cyclicals	8000	US	Advanced Drainage Systems
3.84	BCC	Construction Suppli	Consumer Cyclicals	2687	US	Boise Cascade Co
3.80	OC	Construction Suppli	Consumer Cyclicals	10277	US	Owens Corning
3.96	DHI	Homebuilding	Consumer Cyclicals	36578	US	D. R. Horton
3.92	CCS	Homebuilding	Consumer Cyclicals	2526	US	Century Communities
3.80	MDC	Homebuilding	Consumer Cyclicals	4198	US	M.D.C. Holdings,
3.96	PII	Recreational Produc	Consumer Cyclicals	8422	US	Polaris
3.96	YETI	Recreational Produc	Consumer Cyclicals	7689	US	Yeti Holdings
3.80	BC	Recreational Produc	Consumer Cyclicals	8238	US	Brunswick
3.96	WHR	Appliances, Tools &	Consumer Cyclicals	14925	US	Whirlpool
3.92	SPB	Appliances, Tools &	Consumer Cyclicals	3828	US	Spectrum Brands Holdings
3.88	FOXF	Auto, Truck & Motor	Consumer Cyclicals	6569	US	Fox Factory Holding
3.96	CROX	Footwear	Consumer Cyclicals	6644	US	Crocs,
3.88	CNTY	Casinos & Gaming	Consumer Cyclicals	380	US	Century Casinos,
3.88	CWH	Retailers - Auto Ve	Consumer Cyclicals	4000	US	Camping World Holdings
3.96	RH	Retailers - Home Fu	Consumer Cyclicals	14812	US	RH
3.84	TSCO	Retailers - Miscell	Consumer Cyclicals	22136	US	Tractor Supply Company
3.92	ASML	Semiconductor Equip	Technology	276044	Netherlands	ASML Holding NV (ADR)
3.92	KLIC	Semiconductor Equip	Technology	3601	Singapore	Kulicke and Soffa Industries I
3.92	CAMT	Semiconductor Equip	Technology	1501	Israel	Camtek LTD.
3.88	AMAT	Semiconductor Equip	Technology	124242	US	Applied Materials,
3.88	BRKS	Semiconductor Equip	Technology	7652	US	Brooks Automation,
3.84	QRVO	Semiconductor Equip	Technology	22600	US	Qorvo
3.96	GOOGL	Online Services	Technology	1615556	US	Alphabet
3.84	PYPL	Online Services	Technology	314526	US	Paypal Holdings
3.96	CMBM	Communications & Ne	Technology	1573	US	Cambium Networks
3.96	FTNT	IT Services & Consu	Technology	31923	US	Fortinet
3.96	ZDGE	Software	Technology	187	US	Zedge
3.96	VALE	Metals & Mining - I	Basic Materials	110838	Brazil	Vale SA (ADR)
3.88	SCHN	Metals & Mining - I	Basic Materials	1308	US	Schnitzer Steel Industries, In
3.96	UFPI	Forest & Wood Produ	Basic Materials	5245	US	Ufp Industries
3.92	LPX	Forest & Wood Produ	Basic Materials	7273	US	Louisiana-Pacific
3.92	TRQ	Metals & Mining - D	Basic Materials	3576	Canada	Turquoise Hill Resources Ltd
3.88	EXP	Construction Materi	Basic Materials	5995	US	Eagle Materials,
3.92	PRAH	Biotechnology & Med	Healthcare	10788	US	PRA Health Sciences
3.88	CRL	Biotechnology & Med	Healthcare	16764	US	Charles River Laboratories Int
3.84	IQV	Biotechnology & Med	Healthcare	45127	US	Iqvia Holdings
3.84	HALO	Biotechnology & Med	Healthcare	7353	US	Halozyme Therapeutics,
3.92	INMD	Advanced Medical Eq	Healthcare	3349	Israel	Inmode Ltd
3.80	ALXN	Pharmaceuticals	Healthcare	36580	US	Alexion Pharmaceuticals,
3.96	NAVI	Consumer Lending	Financials	3049	US	Navient
3.84	AB	Investment Manageme	Financials	4182	US	Alliancebernstein Holding LP
3.88	SNA	Industrial Machiner	Industrials	12981	US	Snap-on
3.80	NSA	REITs - Specialized	Real Estate	3379	US	National Storage Affiliates Tr

---