The first week of 2013 was very splendid… I recorded a 3.76% return versus a 3.39% return in the S&P 500.
Here is a recap of my positions….
In case you haven’t heard… 2013 is the year of the samurai… in which Japan finally re-emerges as a leader amongst the equity markets… the Yen will be systematically demolished and Japanese exporters will flourish as their products become relatively cheaper than international competitors. Toyota TM and YCS are my weapons of choice for this thesis.
Coinstar CSTR was my buy of the day… the departure of their CEO was a blessing for longs like me anxious to get a piece of this business that is trading at an attractive valuation.
Estee Lauder EL and Volkswagen VLKAY are my China plays… both of which have products that are hits amongst the Chinese consumer.
Sherwin Williams SHW and Home Depot HD are my housing recovery derivatives.
The Philippines EPHE and Thailand THD are my favorie emerging market plays in South East Asia.
My new year resolution trade, Weight Watchers WTW is up 16%… and looks like it wants more.
First Solar FSLR is my short squeeze play of the year… and so far it working out very well.
For yield I got into AT&T T, which goes ex-div next week and Intel INTC… which is planning on flipping the cable television business on its head… with my blessing.
Smith & Wesson SWHC is undervalued and poised to move higher as people sell out gun stores ahead of Obama’s new gun laws in 2013.
Going forward… I believe the S&P 500 will reach 1550-1575 at some point this year… and then fall precipitously ZeroHedge style at least 30%.