S&P Watch: The Year's Ten Biggest Winners Scott Reeves Jun 29, 2009 1:55 pm |
![]() |
![]() |
|
||||||||||||
|
The downside: Some of the stocks were beaten down and benefited from a dead-cat bounce, while 6 of the 10 winners recently traded at less than $10 a share -- often the cut-off for long-term investors. Others benefited from rising commodity prices -- perhaps an indication that the recession is easing.
Success in the current market may be written in water, but these stocks have recently made waves:
1, 2. The "Ugh” Factor
Sprint Nextel (S) and Tenet Healthcare (THC) recently fetched less than $5 a share, so they doubled off a narrow base. This doesn’t inspire confidence or suggest a strong run ahead. Still, it would be unkind to call their recent move higher a statistical quirk: Tenet is up about 151% this year; Sprint is up about 173%.
3, 4. Pass the Financials
XL Capital (XL) and Genworth (GNW) are from the mashed, bashed, and stomped upon financial sector. The sector appears to be regaining its footing, but sending flowers to a former sweetie may have less risk right about now. Still, Genworth is up about 141% and XL Capital is up about 193%.
5. Wheeling and Dealing Ford (F) avoided the worst of the General Motors (GRM) and Chrysler bailout follies, and appears positioned to grab market share -- assuming consumers start buying big-ticket items again. Ford refinanced some debt and the company is building a solid reputation for reliability. Imagine: an American automaker!
Ford is up about 145% this year.
discuss this article and more on the mv exchange |
|
No positions in stocks mentioned.
Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options. Click here for a free 14 day trial to OptionSmith by Steve Smith.
Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options. Click here for a free 14 day trial to OptionSmith by Steve Smith.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2009 Minyanville Media, Inc. All Rights Reserved.
Copyright 2009 Minyanville Media, Inc. All Rights Reserved.
| add rss feed | free article alerts |
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
DC
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennesee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Local Guides
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
DC
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennesee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Local Guides

















