S&P Watch: The Year's Ten Biggest Winners

Scott Reeves  Jun 29, 2009 1:55 pm

S&P Watch: The Year's Ten Biggest Winners
 
In this market, success may be written in water, but these stocks have recently made waves.
 

 
The S&P 500 has gained about 2% this year, but a handful of winners have more than doubled in value.

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.
5 of 6 (83%) found this helpful
Rate this article:  (6 Votes)
Comment (0) See All Comments »
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.



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.
Ticker Talk
Popular Tickers:
SPX »AMZN »RIMM »
Select
  •  
Talk Now
Share this Talk on your site:
Send us your feedback

Our Professors

rss article alert