The indexes were not down much this week, as the late week sell off offset the gains earlier in the week but it was relatively slim pickings to find winners. Only 45 stocks gained 7%+ with the following characteristics
- Market capitalization $2 Billion+
- Average volume >100K
- Stock price $10+
As always,
green we own,
blue we've owned in the past or discussed; some names in the portfolio that have been quiet for many weeks (non commodity type of stocks) showed up this week, so I was pleased to see that although most are not large positions. I don't really see any pattern of strength this week; simply a hodge podge of individual stories.
| Symbol | Company Name | % Price 1 Week |
| TTWO | Take-Two Interactive Software Inc | 52.7 |
| EOG | EOG Resources Inc | 19.8 |
| FCN | FTI Consulting Inc | 18.5 |
| LEAP | Leap Wireless International Inc | 18.0 |
| IVN | IVANHOE MINES LTD | 14.9 |
| SCGLY | Societe Gen Spon Depository Receipt | 14.6 |
| AGO | Assured Guaranty Ltd | 14.4 |
| CRM | salesforce.com inc | 14.1 |
| CTRP | Ctrip.com | 14.0 |
| RSH | RadioShack Corp | 13.7 |
| NFLX | Netflix Inc | 13.6 |
| ZBRA | Zebra Technologies Corp | 13.4 |
| NAVZ | Navistar International Ord Shs | 12.9 |
| LKQX | LKQ Corp | 12.4 |
| SSRI | SILVER STANDARD RESOURCES INC | 12.1 |
| CLR | Continental Resources Ord Shs | 12.1 |
| GFA | Gafisa ADR Representing 2 Ord Shs | 11.0 |
| SNDA | Shanda Interactive Entertainment Ltd | 10.9 |
| FIG | Fortress Investment Group LLC | 10.9 |
| OZM | Och Ziff Capital Management Group | 10.6 |
| TCK | Teck Cominco Ord Shs Class B | 10.3 |
| GILD | Gilead Sciences Inc | 10.3 |
| NFX | Newfield Exploration Co | 10.0 |
| CNQ | CANADIAN NATURAL RESOURCES LTD | 9.9 |
| TER | Teradyne Inc | 9.7 |
| PAAS | PAN AMERICAN SILVER CORP | 9.6 |
| MEOH | METHANEX CORPORATION | 9.5 |
| ATN | Atlas Energy Resources LLC | 9.4 |
| BKD | Brookdale Senior Living Inc | 9.4 |
| NXY | Nexen Ord Shs | 8.5 |
| CPNO | Copano Energy LLC | 8.4 |
| TNH | Terra Nitrogen Co LP | 8.3 |
| HLX | Helix Energy Solutions Group Inc | 8.3 |
| RHHBY | Roche Holding 144A ADR | 8.3 |
| LIHR | Lihir Gold Sponsored ADR | 8.0 |
| BARE | Bare Escentuals Inc | 7.9 |
| DWA | DreamWorks Animation SKG Inc | 7.6 |
| PCS | MetroPCS Communications Inc | 7.6 |
| TS | Tenaris ADR | 7.4 |
| KGC | KINROSS GOLD CORP | 7.3 |
| CPRT | Copart Inc | 7.2 |
| CBD | Companhia Brasileira de Distribuicao ADR | 7.2 |
| AKAM | Akamai Technologies Inc | 7.2 |
| ITRI | Itron Inc | 7.1 |
| IMCL | ImClone Systems Inc | 7.1 |
4 comments:
This might be a silly question but why do you avoid stocks priced under $10?
The actual number is arbitrary - it could be $8 or $11. Low priced stocks are generally low priced for a reason - they are speculative and beaten up with (usually) poor prospects.
For speculators they are fine; but I try not to treat money like a gambler. My first rule of making money is try not to lose it. Very few stocks priced that low have any real prospects unless they are a very early stage company or "unknown". I would say this rule holds even stronger considering I try to stick to $2 billion or more market cap. I could understand a $200 million market cap $8 company having some chance being a young company but if you have a market cap of $10 billion and a stock price of $5, that means you have a long history and it's probably not a good one.
Your reasoning for low priced large caps might hold, but I have seen companies do reverse splits in those situations. Do you ever look for a history of reverse splits when you are analyzing companies?
I'm more concerned about the future then the past. That said, other than JDS Uniphase I doubt I've ever even sniffed near a stock that did a revers split - talk about a sign of weakness.
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