Super Six Anti-Value Portfolio Flying High

NEW YORK (TheStreet) -- It's been an interesting first month for the "Super Six" portfolio, my self-described anti-value portfolio which is comprised of high-growth stocks that are exceedingly popular with investors. The portfolio includes Facebook (FB), Twitter (TWTR), LinkedIn (LNKD), Amazon (AMZN), salesforce.com (CRM) and Netflix (NFLX).

Each has a unique position in the market; each has brought forth innovations that have been well received by the consumer, including yours truly. As a collective, these companies are light on profits to a varying degree, but investors are willing to pay up for high revenue growth and the prospects of rich future cash flows. While they are of better quality than many from the 2000 era tech wreck, they are nonetheless priced for near perfection.

However, my value-based dislike of these companies due to their current valuations, and risk in some cases of obsolescence, and competition in others, has not been rewarded. As a collective, these six stocks are up nearly 7% since the late December introduction of the Super Six.

All but LinkedIn, which is down 3%, are in positive territory, with salesforce.com the winner so far, up 15%. The portfolio got a huge boost yesterday when Facebook's better than expected earnings report lifted that stock 14%. Revenue for the quarter rose 63% to $2.59 billion, well ahead of the $2.33 billion consensus, while "adjusted" earnings per share came in at 31 cents, four cents better than the consensus.

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