Exelon
QLogic
Dendreon
Dell
Staples
Arkansas Best
Arch Coal
Skullcandy
Orange
Xerox
Now, let’s get to the portfolio and see how it fared this week:
| Company | Cost Basis | Shares | Total Value | Return |
|---|---|---|---|---|
| Exelon | $31.25 | 31.68 | $969.09 | (2.1%) |
| QLogic | $11.46 | 86.39 | $952.02 | (3.8%) |
| Dendreon | $5.97 | 165.82 | $761.11 | (23.1%) |
| Dell | $13.37 | 74.05 | $937.47 | (5.3%) |
| Staples | $13.48 | 73.44 | $1,249.95 | 26.3% |
| Arkansas Best | $10.83 | 91.41 | $1,983.60 | 100.4% |
| Arch Coal | $7.03 | 140.83 | $549.24 | (44.5%) |
| Skullcandy | $6.71 | 147.54 | $814.42 | (17.7%) |
| Orange | $11.64 | 85.05 | $837.74 | (15.4%) |
| Xerox | $8.16 | 121.32 | $1,176.80 | 18.9% |
| Cash | $0.06 | |||
| Dividends receivable | $99.26 | |||
| Total commission | ($100.00) | |||
| Original investment | $10,000.00 | |||
| S&P 500 performance | 12.2% | |||
| Performance relative to S&P 500 | (8.9%) |
Source: Yahoo! Finance.
This week’s winner
Topping the list of gainers this week was biotech firm Dendreon Corporation (NASDAQ:DNDN), up 3.8%, which, if you recall, was the worst performer in the previous long week. Although no company-specific news drove shares higher, anticipation from bulls must be building that, with a favorable opinion of Provenge from the European Medicines Agency’s panel, an approval might be right around the corner in Europe. It may not get Dendreon Corporation (NASDAQ:DNDN) to profitability anytime soon, but an EMA approval is a must if Dendreon Corporation (NASDAQ:DNDN) is going to be a successful company and perhaps draw the attention of a larger rival.
This week’s loser
Once again getting this week’s dubious award for worst performer is no stranger to the category, Arch Coal Inc (NYSE:ACI). It’s ironic, as well, that the best and worst performers from last week swapped places this week! Arch Coal Inc (NYSE:ACI)’s 6.5% tumble has everything to do with its second-quarter earnings results, which showed a 21% decline in revenue, to $766 million, despite a narrower adjusted loss of just $0.29 per share. Comparatively, the loss was $0.05 per share less than the Street expected, but revenue fell about $153 million short of estimates. Arch Coal Inc (NYSE:ACI) plans to focus on cost-cutting through the remainder of 2013 until pricing improves, and I’ll be looking forward to see if it can diversify its revenue stream meaningfully through its exports.
Also in the news…
In this week’s episode of “Dell Inc. (NASDAQ:DELL)‘s of our Lives,” we learned that the buyout offer by Michael Dell and Silver Lake Partners is on increasingly shaky ground. Dell Inc. (NASDAQ:DELL)’s board of directors denied his voting change request to not count shareholders who do not vote in the opposition column, but did grant him and Silver Lake the possibility of another round of voting delays on the proposed buyout if it sticks to its slightly higher bid of $24.6 billion, or $13.75 per share ($0.10 higher than the original bid), which was announced last week. Michael Dell has been adamant in his stance that he won’t raise his offer, so this battle royale is certainly about to get interesting.
