February had a volatile trader's beginning but has ended as quiet as any action has been over the last seven years. Valuations for stocks are stretched and the bulls just keep on explaining the upside as a series of fundamental equations. The Fed is about to start raising rates and only an equities break of 15% or more in Q2 will stop it. Top dogs such as AAPL remain over valued but continue to see little in the way of pressure as the hedge fund industry wants to accumulate on each pull back. That of coarse could be bad news for AAPL as the hedge community struggles to break out of an almost perpetual under performance cycle against nearly every benchmark.
In CoverRisk's Q8, MSFT has the worst overall price risk rating with PFE the highest in the least risk category. Last years least risk stalwart, GS, has entered the bad zone with BAC and F finishing the dark side. AAPL, GOOG, and IBM are in the least risk zone with PFE as of today's action.
