There were still a lot of financials who after running up 30,40,50%+ gave back a lot late in the week that filled up this list in the 7-10% gain area so I moved up the threshold this week to 11% to focus on those that went up mostly on merit rather than decisions to enforce rules that should be enforced all the time. This list continues to be full of names that have (for the most part) not been participating this year. So the question now is short term headfake, or lasting change in character? We won't know for quite a while....
Criteria
- Market capitalization $1.75B+
- Average trading volume 100K+
- Stock price $10+
- Returns 11%+
Green names we own,
blue names we have owned in the past or discussed in the blog. Many this week are earnings driven. The top 2 names were acquisition targets (it must be nice when you are acquired and your stock actually goes up, instead of down - as we enjoyed last week)
Qualcomm (QCOM) had a long standing patent dispute with
Nokia (NOK) settled. The rest of the list is littered with former holdings of ours that did not do much in 2007 but have been beaten to such levels that the market finally is finding some value. I almost wrote a piece a week ago about former holding
CNH Global (CNH), an agriculture equipment maker (along with some industrial business) which was beaten down and trading at valuations that made no sense to me, but the chart was so horrid I was fearful of touching it. It's still dirt cheap even after this huge run this week. Another former holding
NII Holdings (NIHD) looks like it is coming back from the dead after a dreadful 2007. Unfortunately this market has been so brutal you don't even want to buy breakouts like NIHD because most people doing that have been beaten over the head with a club within a few days.
I don't remember any other week when we only owned 1 name on this list. I've usually considered only having 4-5 names a bad week. Perhaps we've been spoiled most of the last year.
| Symbol | Company Name | % Price Change 1 Week |
| PHLY | Philadelphia Consolidated Holding | 71.3 |
| FDRY | Foundry Networks Inc | 32.3 |
| TDY | Teledyne Technologies Inc | 21.4 |
| RSH | RadioShack Corp | 21.2 |
| CNH | CNH Global NV | 21.0 |
| QCOM | Qualcomm Inc | 20.5 |
| NIHD | NII Holdings Inc | 19.8 |
| WGOV | Woodward Governor Co | 18.8 |
| NUVA | NuVasive Ord Shs | 18.4 |
| JNPR | Juniper Networks Inc | 17.8 |
| DNA | Genentech Inc | 17.3 |
| TKR | Timken Co | 17.2 |
| PAS | PepsiAmericas Inc | 16.8 |
| PCX | Patriot Coal Corp | 16.2 |
| GOL | Gol Linhas Aereas Inteligentes SA | 15.9 |
| ESI | ITT Educational Services Inc | 15.8 |
| AXE | Anixter International Inc | 15.6 |
| JNS | Janus Capital Group Inc | 15.6 |
| GR | Goodrich Corp Ord Shs | 15.5 |
| ICE | IntercontinentalExchange Inc | 15.0 |
| UNH | UnitedHealth Group Inc | 14.9 |
| AMLN | Amylin Ord Shs | 14.5 |
| WLP | WellPoint Inc | 14.4 |
| HNT | Health Net Inc | 14.1 |
| BIDU | Baidu.com Inc | 14.0 |
| LVS | Las Vegas Sands Corp | 13.7 |
| CSL | Carlisle Companies Inc | 13.6 |
| AMZN | Amazon.com Inc | 13.3 |
| QLGC | QLogic Corp | 13.1 |
| VAR | Varian Medical Systems Inc | 13.1 |
| TLK | Telkom Indonesia ADR | 12.8 |
| CW | Curtiss-Wright Corp | 12.6 |
| MOG.A | Moog Ord Shs Class A | 12.4 |
| IDC | Interactive Data Corp | 12.4 |
| BUCY | Bucyrus International Inc | 11.8 |
| WB | Wachovia Corp Ord Shs | 11.8 |
| ISRG | Intuitive Surgical Inc | 11.6 |
| EMC | EMC Corp | 11.5 |
| ABC | AmerisourceBergen Corp | 11.4 |
| AET | Aetna Inc | 11.4 |
| ZNH | China Southern Airlines ADR | 11.2 |
| TNB | Thomas & Betts Corp | 11.0 |
| LM | Legg Mason Ord Shs | 11.0 |
| HUM | Humana Inc | 11.0 |
