Performance Review
Below is the percentage change in the stocks that appeared on our February 22, 2015 watch list:
| symbol | name | 2015 | 2016 | % chg |
| GRMN | Garmin Ltd. | 49.42 | 40.4 | -18.25% |
| MAT | Mattel, Inc. | 25.77 | 32.47 | 26.00% |
| NUAN | Nuance Communications, Inc. | 14.02 | 19.59 | 39.73% |
| FAST | Fastenal Company | 42.76 | 45.22 | 5.75% |
| FOSL | Fossil Group, Inc. | 85.14 | 47.04 | -44.75% |
| DISCA | Discovery Communications, Inc. | 30.93 | 25.08 | -18.91% |
| KLAC | KLA-Tencor Corporation | 64.97 | 67.97 | 4.62% |
The average performance of the entire watch list was –0.83% while the Nasdaq 100 index declined –4.81%. A stock that we had some interest in was Garmin (GRMN). In our commentary we said the following:
“There is no hard and fast rule for what has occurred in a generally rising market. However, it is well worth the time to examine the investment merit of GRMN when the stock has fallen –29% or more.”
In the case of Garmin, falling –29% from the prior peak would have meant that the stock would at $43.80 or lower. GRMN did not achieve this until early July 2015. Since that time, GRMN has fallen an additional –31%. At the current time, GRMN has not achieved the breakeven level of $43.80.
Watch List and Analyst Estimates
Below is the latest Nasdaq 100 Watch List for February 2016.
