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The Buy List continues with a very impressive fourth-quarter rally in terms of relative performance. Through yesterday, the Buy List was down 0.32% for the year while the S&P 500 is up 0.70%. That's a gap of just 1.02%.

But on October 18, the Buy List was getting creamed by the S&P 500, 8.59% to 1.77%. That's a gap of 6.82%.

It looks like we have an outside chance of catching the index before the year is out. That was something I wouldn't have believed just five weeks ago.

Yesterday, the Buy List jumped 1.93% compared with 1.49% for the S&P 500. The big help came from Donaldson (DCI) which jumped 8.5%.

Donaldson announced earnings of 53 cents a share for its fiscal first quarter compared with 43 cents last year. Analysts were expecting 48 cents a share. The company also said it expects full-year earnings (their fiscal year ends in July) of $1.97 to $2.07 a share. That would make their 19th straight record year.

Posted by edelfenbein at November 28, 2007 7:28 AM