Republic Risk: Big Day for Tower Semiconductor, Model Portfolios, and Watch Lists

Tower had a great day on Wednesday... but PBF is having a hard time on Thursday. Plus, retail sales, our March watchlist, and an update on financial insider buying.

Dear  Fellow Expat:

Good morning. 

Markets remain resilient; they continue to chug along just fine. 

We start Thursdays, as always, by taking a quick look at our Model Portfolio. We’ve been delighted with the overall performance, beating the S&P 500 this year, despite having none of the heavily weighted tech stocks at the top of the spectrum. Here’s a look at our performance through February 14.

Capital Wave Model Portfolio

Our reversion momentum method requires rigorous quantitative analysis. We want to ensure that our investment decisions are data-driven and grounded in a comprehensive evaluation of potential reversion opportunities.

Here’s what where we target:

F score - over 6.

Z score - over 2.6

Return on Invested Capital (ROIC)  - over 10%

Price to Graham - under 1

Market Cap: Over $300 million.

A Few Updates

Tenaris SA (TS): This has been our biggest disappointment this year, with shares down 8.6%. This company has strong financial health, a solid F score (9), and one of the lowest debt lev…