The EMS group (from the Info Tech sector) now ranks as the third highest of 115 industries.
Air Freight & Logistics, Commercial Services, and Electronic Manufacturing Services caught our eye this month.
There was little turnover in the GS Scores this month and no group deactivations. With minimal capital to work with, we added selectively to existing group holdings.
Health Care Distributors and Electronic Manufacturing Services were both added to the portfolio this month.
Group Deactivations: Oil & Gas Refining & Marketing was deactivated.
Attractive valuations, improving growth and technical strength are the key drivers. The group offers an opportunity to participate primarily in the overall growth of computing devices.