And then there were five!
We have a new member of the Fair Value Club, Information Technology. The IT sector has been successful in clawing its way back to fair value inching just ahead at 100.6% FV. Apple certainly contributed to pushing IT above 100 with the recent announcement that the company was no longer under the watchful eye of the federal governments judicial activity. It appears the simple task of unlocking an iPhone was large enough of a challenge to the forensic software community to give it a go. Relief for Apple of the challenge encouraged the market.
A midcap stock has come into view with some innovative work in the automotive world by developing a multi-layer steel transmission valve body separator plate with Audi AG. The stock has been in Undervalued territory since the first of the year completing the end of a slide from overvaluation that started more than a year ago. Fortunes may be back for the company and deserves consideration for a midcap placement in Consumer Discretionary Automotive. It is considered an Aspirational stock with a dividend yield a bit better than the midcap market average.