Monday, September 15, 2008

What's Holding Up Today

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One of my favorite screens to run is to see what is holding up during bad tapes - I'm a relative strength guy at heart, so strong stocks in a bad market are always interesting to me because it shows either new buying or a steadfast investor base. Below are the list of today's winners - using our normal weekly criteria, and a market cap of $1.25 Billion or higher. Here are 54 stocks up 2% or more - most are plays on falling oil (airlines/transport stocks), some regional financials (strange), and retail (remember, the consumer is back at $3.79 gas)

(as an aside remember there are 2 key areas the PPT will be protecting: S&P 1215 which was the closing low on July 15th and S&P 1200 which was the intraday low/psychological support as a "big round number" - if we close below 1200 we have to get more bearish - but until then we assume every drop will be followed by bounces. 1215 has been defended very well by the power that be.)

Symbol Company Name % Price Change Today
MER Merrill Lynch & Co Inc 25.8
AMR AMR Corp 8.8
UAUA UAL Corp 8.4
CAL Continental Airlines Inc 7.4
GHL Greenhill & Co Inc 6.7
PNRA Panera Bread Co 6.3
LDG Longs Drug Stores Corp 5.9
AMLN Amylin Pharmaceuticals Inc 5.0
ODFL Old Dominion Freight Line Inc 4.6
BLK Blackrock Inc 4.6
ACE ACE Ltd 4.4
REGN Regeneron Pharmaceuticals Inc 4.4
EXPD Expeditors International of Washington 4.1
FAF First American Corp 4.0
KNX Knight Transportation Inc 3.9
FFH Fairfax Financial Holdings Ltd 3.8
ORLY O'Reilly Automotive Inc 3.8
LSTR Landstar System Inc 3.8
ITG Investment Technology Group Inc 3.7
WERN Werner Enterprises Inc 3.6
RNR RenaissanceRe Holdings Ltd 3.5
JBHT JB Hunt Transport Services Inc 3.4
NATI National Instruments Corp (Texas) 3.4
BX Blackstone Group LP 3.4
ZION Zions Bancorp 3.2
RE Everest Re Group Ltd 3.0
JEF Jefferies Group Inc 3.0
STZ Constellation Brands Inc 3.0
COLM Columbia Sportswear Co 2.9
CB Chubb Corp 2.8
WU Western Union Co 2.7
TRV Travelers Companies Inc 2.7
LIHR Lihir Gold Sponsored ADR 2.7
SIGI Selective Insurance Group Inc 2.7
NWA Northwest Airlines Corp 2.6
CPRT Copart Inc 2.6
FNF Fidelity National Financial Inc 2.5
ASBC Associated Banc-Corp 2.5
BKE Buckle Inc 2.5
AEM Agnico-Eagle Mines Ltd 2.4
COH Coach Inc 2.4
VR Validus Holdings Ltd 2.3
DECK Deckers Outdoor Corp 2.3
CCL Carnival Corp 2.3
NYB New York Community Bancorp Inc 2.3
HTLD Heartland Express Inc 2.3
CREE Cree Inc 2.2
AHL Aspen Insurance Holdings Ltd 2.2
PTP Platinum Underwriters Holdings Ltd 2.1
WABC Westamerica Bancorp 2.1
MRH Montpelier Re Holdings Ltd 2.1
NTY NBTY Inc 2.0
DLTR Dollar Tree Inc 2.0
NFLX Netflix Inc 2.0

2 comments:

nxgstock said...

Those damn airlines, everyone knows their fundamental suck!!!

You know, if you wait a little longer their fundamentals will be as good as the global growth stocks. I suppose that is when all the fundamental lemmings will jump on for the next big momo ride;)

TraderMark said...

yes it is easy to say that, but the same arguement was posed for refiners Friday , many of which opened down 10-15%

It is easy to be selective on rationale.

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