Sunday, June 1, 2008

58 Stocks Returning 8%+ this Week

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Despite a bounce back week in the market, there were not a lot of individual moves that were too impressive. Below is a list of 58 stocks that fit the following criteria
  1. Market capitalization >$2 Billion
  2. Stock price $10+
  3. Average volume 100K+
  4. Weekly gain of 8%+
As always green we own, and blue we've owned or discussed in the blog. This was another good week for Brazil, and some of our biggest winners continue to roll on and on.. (and on). Even I am getting tired of seeing them make this list week after week. ;) Indian IT/outsourcing names (darlings of 2005/2006) made some earnings related moves, and a few Chinese names also made the list. In America, it's pretty much beaten down tech shares or "pooring of America" retailers - the exception being Polo which benefited mostly from "overseas sales" - what else.

I do like creating this list each week because sometimes it signals movement in stocks I have one (lazy) eye watching and/or a brand new names. In this category this week 2 names perked my interest - EnergySolutions (ES) is a name I have never heard of which came public in November 2007; my first thought is the market is running up any company, regardless of quality with the name "Energy" or having any business line related to it, so it's most likely just hype. But ES looks sort of interesting as there are very few ways to trade the nuclear story, and this company specializes in removal of nuclear waste. A growth story? Certainly could be if the world begins to move down the path France has taken (80% of energy from nuclear) Now with that said it takes MANY years from planning to building to getting a nuclear plant up and running so it's not exactly 'fast money', but all it takes in the market is the right story, in the right sector and a stock can go from unknown to Jim Cramer fame (and up 50%) in a matter of minutes. This is exactly the type of name he would hype. With that said, it had a pretty good quarter so we'll keep it on the radar.

The other name for you natural gas junkies, and Chesapeake Energy (CHK) fans [May 1: Today's Interesting Reads -> Meet Mr. Gas] is Sandridge Energy (SD), which I've heard of from a couple of places now. First one of our readers, "Madhatter" has a blog where he breaks down some large hedge funds holdings and this name came up when he was analyzing Lone Pine Capital's (Steven Mandel's) holdings, so that perked my attention since I'm on the lookout for interesting natural gas plays. Then the Motley Fool reports the CEO was the cofounder of CHK, so in this type of business you want management who has this level of experience. [May 12: A Chip off the Old Chesapeake] CHK's CEO is infamous for buying stock, he does it in good times or bad which shareholders just have to love - and it looks like Sandridge's CEO Ward is of the same cloth.

So these are just example of how we continue to build watch lists for potential future buys and/or one company can lead to another... you just never know where you will find a new idea.

Symbol Company Name % Price Change 1 Week
FL Foot Locker Inc 20.9
MRVL Marvell Technology Group Ltd 20.8
HXL Hexcel Corp 17.4
ENER Energy Conversion Devices Inc 17.1
RL Polo Ralph Lauren Corp 16.9
ES Energy Solutions Inc 16.7
PVA Penn Virginia Corp 15.7
BIG Big Lots Inc 15.0
GFA Gafisa ADR 14.1
CTSH Cognizant Technology Solutions Corp 13.8
CLF Cleveland Cliffs Ord Shs 13.5
ANR Alpha Natural Resources Inc 13.0
MTL Mechel ADR Rep 3 Ord Shs 12.8
GA Giant Interactive Group Inc 12.7
SOHU Sohu.com Inc 12.5
SAY Satyam Computer Services ADR 12.4
SDA Sadia ADR Rep 3 Pref Shs 12.3
IMA Inverness Medical Innovations Ord Shs 12.2
BYI Bally Technologies Inc 12.1
MR Mindray Medical International Ltd 12.1
PCX Patriot Coal Corp 11.9
SD SandRidge Energy Ord Shs 11.9
MA MasterCard Inc 11.9
DLTR Dollar Tree Inc 11.8
V Visa Inc 11.7
BRCM Broadcom Class A Ord Shs 11.6
ANSS Ansys Inc 11.3
TRMB Trimble Navigation Ltd 11.3
FLS Flowserve Corp 11.3
ITU Banco Itau Holding Financeira ADR 11.2
DCI Donaldson Company, Inc 11.1
INFY Infosys Technologies Ltd 11.1
BRP Brasil Telecom Participacoes ADR 11.0
NBG National Bank of Greece ADR 10.9
BLK Blackrock Inc 10.6
CN China Netcom Depository Receipt 10.5
DELL Dell Inc 10.4
CA CA Inc 9.8
BUCY Bucyrus International Inc 9.7
HK Petrohawk Energy Corp 9.6
UBB Unibanco Depository Receipt 9.5
JBL Jabil Circuit Inc 9.4
PCL Plum Creek Timber Co Inc 9.4
ACN Accenture Ltd 9.4
CREE Cree Inc 9.3
BUD Anheuser-Busch Companies Inc 9.3
EQIX Equinix Inc 9.1
CRM salesforce.com inc 9.1
BBY Best BUY Co Inc 9.1
JOYG Joy Global Inc 8.7
CHU China Unicom Depository Receipt 8.7
FDO Family Dollar Stores Inc 8.6
TRA Terra Industries Ord Shs 8.6
APOL Apollo Group Inc 8.6
ETN Eaton Corp 8.5
SNP China Petroleum and Chemical (Sinopec) ADR 8.4
EXPE Expedia Inc 8.2
FFIV F5 Networks Inc 8.1

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
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