Out Fox The $treet

Everybody claims it's not a stock picker market because all stocks are theoretically trading together due to ETFs. Not sure what explains why some stocks are hitting 52 week highs and others are lagging. Other then Riverbed Technology (RVBD) which has consistently hit new highs recently, Millicom Cellular (MICC) and ICICI Bank (IBN) are at or approaching 52 week highs under the radar. What do these 2 stocks have in common? Mainly a focus on business outside the US in fast growing markets. MICC is a leading cellular provider in Latin America, South America and Africa. They operate in 14 locations in these fast growing areas providing much more opportunity then any domestic operator. MICC has continued to slowly creep up even during a flat to down market the last 4 months. Almost a perfect chart. IBN is a leading bank in India. Having one of the largest banking networks in the fast growing country with the goal of growing beyond the borders of that country...

Bill Miller is the legendary investor from Legg Mason Capital Management that beat the SP500 for 15 straight years (CNBC claims it was a record) before the financial crisis just about destroyed Legg Mason and his reputation. Bill has basically been in the investment wilderness for the last couple of years as the doom and gloomers took over the media. Recently he appeared on CNBC (see video below) and penned this interesting commentary for January. One of the biggest issues I've noticed with Bill is that he seems clearly focused on just US stocks. He wasn't a big investor in commodities in the 2000s which is what lead to his under performance. Now after a good 2009 he seems to be regaining some of the spotlight so it's interesting to see what he says now especially since Stone Fox Capital has similar views in valuing assets and the stock market. Like us he seems clearly more bullish on profit growth and higher GDP then the general market expects. Anybody watching CNBC will ...