Saturday, June 7, 2008

49 Stocks Returing 6%+ this Week

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A small list of winners in this tough week for the market.

Criteria
  1. Stock price $10+
  2. Average volume 100K+
  3. Market Capitalization $2B+
  4. Weekly return 6%+
Green we own; blue we have owned or have discussed in the blog. Energy - what else, dominated. Fertilizer made a nice showing this week as well. We've got both those covered in spades. Again, as I've been repeating for a few weeks *if* this correction plays out as the past few - first will go will be the bad sectors (financials, retailers, homebuilders) as people realize a 2nd half recovery is not happening (that's been happening the past 2 weeks), then middle of the road sectors such as technology will begin to weaken (that finally happened late this week), then the generals/leaders get taken to the shed which for the better part of 2 years has been the commodities. And ironically hedge funds will rush back into the "bad sectors" right around this time since all of Uncle Ben's money has to flow somewhere. This is not to say it has to play out exactly the same this time around, but until a pattern breaks it is best to expect it to repeat - so for now, if the market does continue to break down I'd expect the generals to be taken out either this week or next. Which would be ironic in the face of $140 crude...

p.s. notice SandRidge (SD), which we highlighted in last week's top performer list, make yet another appearance?

Symbol Company Name % Price Change 1 Week
SQM Sociedad Quimica y Minera de Chile 25.5
PCX Patriot Coal Corp 25.3
IVN Ivanhoe Mines Ord Shs 21.9
XCO EXCO Resources Inc 19.6
HK Petrohawk Energy Corp 17.9
CLR Continental Resources Inc 16.1
MEE Massey Energy Co 13.6
UPL Ultra Petroleum Corp 13.3
CXO Concho Resources Inc 13.2
OSIP OSI Pharmaceutical Ord Shs 13.2
COG Cabot Oil & Gas Corp 12.9
NSM National Semiconductor Corp 12.8
VRTX Vertex Pharmaceuticals Inc 12.6
ACI Arch Coal Inc 12.1
WHQ W-H Energy Services Inc 11.2
CMP Compass Minerals International Inc 11.0
WLL Whiting Petroleum Corp 10.7
KWK Quicksilver Resources Inc 10.7
JBL Jabil Circuit Inc 10.6
HANS Hansen Natural Corp 10.1
ADCT ADC Telecommunications Inc 10.0
ROC Rockwood Holdings Inc 9.8
CRK Comstock Resources Inc 9.7
MTW Manitowoc Co Inc 9.4
RYAAY Ryanair Hldgs ADR 9.4
G Genpact Ltd 9.2
IPI Intrepid Potash Inc 9.1
POT Potash 8.9
SD SandRidge Energy Ord Shs 8.8
FCL Foundation Coal Holdings Inc 8.4
CSE CapitalSource Inc 8.2
OII Oceaneering International Inc 7.9
PVA Penn Virginia Corp 7.3
CF CF Industries Holdings Inc 7.1
TDS Telephone and Da Ord Shs 7.0
KBR KBR Inc 7.0
FST Forest Oil Corp 7.0
MHP McGraw-Hill Companies Inc 6.9
EAC Encore Acquisition Co 6.6
MON Monsanto Co 6.6
ANR Alpha Natural Resources Inc 6.5
BUCY Bucyrus International Inc 6.5
MOS Mosaic Co 6.4
HMC Honda Motor ADR rep 1/2 ord shs 6.3
BVN Buenaventura ADR 6.1
ARW Arrow Electronics Inc 6.1
EAS Energy East Ord Shs 6.0
CNQ Canadian Natural Resources 6.0
CHK Chesapeake Energy Ord Shs 6.0

3 comments:

Link McGinnis said...

How do you use this list? Does it make you think bullishly or bearishly toward the names on them? Or, am I missing the point altogether?

Risk Manager Jeff said...

I think its a great list that shows where the leadership in the sector. I'm already noticing that the leadership is fading a bit. Usually, it has been one sector (like coal) dominating the top. This week is alot more varied. Also, reviewing a list like this every week, gives some insight into new sectors coming into favour, which might not yet be championed by the media/momentum players.

TraderMark said...

Link,

I use them for myriad reasons but Jeff touched on some.

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