Thursday, August 28, 2008

20% of the S&P 500 Gained 3%+ Today

Posted by TraderMark at 4:12 PM TweetThis
Since my watch lists are so empty of big gainers I was curious to see what exactly is driving the indexes up today. Since the S&P 500 is the broader index (over Dow Jones 30) that I focus on, here is a list of all the stocks with a >3% return from highest to lowest (104 names). I like to use this data mining to see what exactly I am missing. Today is just 1 day but if over time, we continue to underperform, I like to see what sectors/stocks are doing well that I am not watching so I run screens such as this. Housing and financials dominate the 5%+ range. Retailers and financials with some industrial in the 3-4% range.

Symbol Company Name % Price
MBI MBIA Inc 34.7
TIF Tiffany & Co 10.9
MER Merrill Lynch & Co Inc 9.8
DDS Dillard's Inc 9.2
PCL Plum Creek Timber Co Inc 8.9
WB Wachovia Corp 8.7
PHM Pulte Homes Inc 7.7
LEN Lennar Corp 7.5
KBH KB Home 7.1
TIE Titanium Metals Corp 7.1
AIG AIG-AMERIC.INT.GRP 6.9
LEH Lehman Brothers Holdings Inc 6.8
CTX Centex Corp 6.6
MI Marshall & Ilsley Corp 6.5
LUK Leucadia National Corp 6.3
HIG Hartford Financial Services Group Inc 6.2
WY Weyerhaeuser Co 6.2
FHN First Horizon National Corp 6.1
LM Legg Mason Inc 6.1
SLM SLM Corp 6.1
GGP General Growth Properties Inc 6.0
KEY KeyCorp 5.4
STI SunTrust Banks Inc 5.4
GCI Gannett Co Inc 5.4
CMA Comerica Inc 5.3
DHI D.R. Horton Inc 5.2
KIM Kimco Realty Corp 5.2
JNS Janus Capital Group Inc 5.2
DDR Developers Diversified Realty Corp 5.1
C Citigroup Inc 5.0
TXT Textron Inc 4.9
MWV MeadWestvaco Corp 4.7
MAS Masco Corp 4.7
MDP Meredith Corp 4.6
M Macy's Inc 4.6
WFC Wells Fargo & Co 4.5
PCP Precision Castparts Corp 4.5
DE Deere & Co 4.4
LNC Lincoln National Corp 4.4
VIA.B Viacom Inc 4.3
MS Morgan Stanley 4.2
CMI Cummins Inc 4.2
BK Bank of New York Mellon Corp 4.2
XL XL Capital Ltd 4.2
DOV Dover Corp 4.2
DFS Discover Financial Services 4.1
CCL Carnival Corp 4.1
AXP American Express Co 4.1
RSH RadioShack Corp 4.1
PCAR Paccar Inc 4.1
TEX Terex Corp 4.1
BBT BB&T Corp 4.1
PFG Principal Financial Group Inc 4.0
MHP McGraw-Hill Companies Inc 4.0
IP International Paper Co 4.0
GNW Genworth Financial Inc 3.9
MTB M&T Bank Corp 3.9
JWN Nordstrom Inc 3.9
GT Goodyear Tire & Rubber Co 3.8
WYN Wyndham Worldwide Corp 3.8
BEN Franklin Resources Inc 3.7
PRU Prudential Financial Inc 3.7
WAG Walgreen Co 3.7
GS Goldman Sachs Group Inc 3.7
HOG Harley-Davidson Inc 3.7
YUM YUM! BRANDS INC 3.7
TROW T Rowe Price Group Inc 3.7
EXPE Expedia Inc 3.6
EMR Emerson Electric Co 3.6
COF Capital One Financial Corp 3.5
RL Polo Ralph Lauren Corp 3.5
LMT Lockheed Martin Corp 3.5
NWS.A News Corp 3.4
UNM Unum Group 3.4
GR Goodrich Corp 3.4
EXPD Expeditors International of Washington Inc 3.4
NWL Newell Rubbermaid Inc 3.3
ACAS American Capital Ltd 3.3
AMP Ameriprise Financial Inc 3.3
PH Parker Hannifin Corp 3.3
PLL Pall Corp 3.3
ETN Eaton Corp 3.3
MET MetLife Inc 3.3
SEE Sealed Air Corp 3.2
PTV Pactiv Corp 3.2
R Ryder System Inc 3.2
JNPR Juniper Networks Inc 3.2
HOT Starwood Hotels & Resorts Worldwide Inc 3.2
JCP JC Penney Co Inc 3.2
USB US Bancorp (Del) 3.2
FDX Fedex Corp 3.2
ASH Ashland Inc 3.2
NTRS Northern Trust Corp 3.1
HCBK Hudson City Bancorp Inc 3.1
SHLD Sears Holdings Corp 3.1
JNY Jones Apparel Group Inc 3.1
KSS Kohl's Corp 3.1
CHRW CH Robinson Worldwide Inc 3.1
NYX NYSE Euronext 3.1
CME CME Group Inc 3.1
DOW DOW CHEMICAL 3.0
PDCO Patterson Cos Inc 3.0
STT State Street Corp 3.0
BA Boeing Co 3.0

Posted by TraderMark at 4:12 PM Comments (7) | Edit This Post | Create A New Post

7 comments:

phmtl said...

I am not the smartest guy in the world, but I dont get this market. I dont understand how financials and housing go up in this market??
First things first ... US unemployment at its highest, and climbing ... discretionary income falling ... credit crunch ... financial institutions not lending, and if they are, at higher interest rates ... an overabundance of supply in housing , still high prices relative to income ... it just doesnt add up ... hmmm .. or is it me ...

nice blog btw .. count me in for some $$ when the time comes, as for committing a dollar .. it will be between 0$ and 25000$ depending on how the market treats me for the rest of 2k8

August 28, 2008 5:01 PM  
J. (marketfolly) said...

unrelated to this post but wanted to share this with you:

"Out of almost 2,100 diversified retail U.S. stock mutual funds that are open to new investors, just 17 have positive returns for both the past 12 months and year-to-date, according to investment researcher Morningstar Inc."

pat yourself on the back haha. schmucks getting battered around left and right!

August 28, 2008 5:10 PM  
Gavin W. said...

It's interesting to see Germany's real perspective on savings. Earlier the dollar was being driven up due to weakness in the european markets, but it can easily be said Germany, for example, does not even have close to the same weakness the US has.
http://www.investorgeeks.com/articles/2008/08/26/why-english-speakers-dont-understand-the-german-confidence-numbers/

has an article that shows the German's mindset over a North American's. ie. savings have actually gone UP while spending has gone DOWN in this inflationary environment.

August 28, 2008 5:28 PM  
TraderMark said...

phmtl,

the arguement goes we have passed the worst of it. The worst his sectors have priced the bad news in. Therefore it is time to "rotate" into these stocks and "out of" stocks that currently show no weakness but will in the future. You must buy 6-9 months ahead of the news turning good in this market or so is the theory. Hence you need to buy these out of favor stocks now.

That is the same theory that was advanced in fall 2007 as the market ran to all time highs, and the same theory post Bear Stearns bailout as the market rebounded in April/May. This market is constantly trying to call the "turn" and everyone wants to pile into those groups. When the market ran to all time highs, in all its wisdom, it did not foresee all the disasters coming in January - March and all the government interventions and credit crisis we had to deal with. So somehow it did not nail that "in 6 months everything will be fine" then.

So to believe in these stocks you have to believe by say Ground Hogs Day the US economy will be back on track.

This market is without memory and one monthly job loss number over expectations, it will start to panic to the other side and we'll continue to this crazy volatility.

J,

I was wondering how they got only 2100 funds - there are about 8000 or so funds I believe and there is no way 6000 of them are bond funds or sector funds. Not sure what their band was to narrow down to 2100 funds. That said it is hard to get a good figure because funds have so many classes now, A, B, C for their different loads and expenses. There are apparently 1870 just in mid cap growth alone so I did not understand the 2100 funds thing (if you got that from CBS marketwatch that is where I read that)

I am now thinking to buy a S&P Ultralong fund every 3 days, then sell it and buy a S&P ultrashort fund for 3 days, then sell it, and keep repeating it! Thats the winning strategy for past 2 months ;)
This is the asset allocation market - not stock picking market.

August 28, 2008 5:30 PM  
TraderMark said...

Gavin,

versus in the US what are we doing? We are moving to credit card usage. It's just a national mindset - "we" (teens, 20s, 30s, 40s, some in their 50s) are very different from "we" used to be (Great Depression/WWII era folks) - thats a generalization but it seems to be true.

Your article is exactly why this dollar strength is silly. It strikes me as an arrogant and self serving thesis that we are so "flexible" and superior that our economy will rotate so quickly to outperformance. Whereas the rest of the world will falter. I'd like to ask how the US consumer, who has weak labor backing, and falling real wages will "rebound" whereas the European consumer, with high unions and labor power will be faltering so badly. Maybe our multinationals will rebound just fine but the US consumer here seems to be in far more trouble. The Fed is counting on weak US wage growth to kill inflation. But what if inflation is a global story - and mostly out of control of US Fed? Then how does the US consumer with weak wage bargaining power do in that environment?

Again, much of the thesis seems to be on the old 1970s model. Maybe it is true - or maybe the grand plan is to drive the entire world in depression so our lack of wage growth will cause deflation worldwide ;)

Anyhow, it is a fascinating if frustrating time. When/if the market crumbles we'll outperform - until then we look like a laggard.

August 28, 2008 5:34 PM  
Pankaj said...

Mark,

Where do you run these queries for daily price performance?

Cheers..
AJ

August 28, 2008 6:26 PM  
TraderMark said...

MSN

August 28, 2008 6:33 PM  

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