Wednesday, June 1, 2011

Only 60 Stocks Returned at Least 1% Today

As we like to say around here, it only matters when it matters.  After nearly 2 months of bad economic data this was really the first day people seem to be startled into realizing the Federal Reserve is not going to create a magic carpet ride.  This is the worse market day since March.  Ten year yields are firmly below 3% as the bond market (usually well ahead of the equity market) has been sniffing out economic weakness since early April.

[chart below 1 day delayed]

As I mentioned earlier I like to screen on days like today because sometimes it generates new ideas on the long side.  Using Finviz and throwing in some minor parameters such as
  1. Market cap minimum of $300M
  2. Stock price $10+
  3. Average volume 100K+
you get a universe of about 2400 equities (and ETFs).  Of that group, only 60 stocks (I included 1 closed end fund) generated a return of 1% today.   Some are clearly 'defensive' stocks that will hold up in most selloffs, but it's often a good group to sniff around in to see where money is still flowing to, despite carnage in the broader market.  For example, I mentioned the casino stocks earlier today (still relatively strong) but  one name in that group I have not looked at in 2+ years is Melco (MPEL) - this stock has been a serial dog for years and off my radar.  But guess who is breaking out?  Time to put her back on my watch / potential buy list.  Rinse. Wash. Repeat.

(please note that by 4 PM there might be a few more or less names on the list)

Ticker Gain Company  Mkt Cap  Industry
TLVT 15.4% Telvent Git S.A.            1,008 Computer Based Systems
DAKT 9.3% Daktronics Inc.                447 Industrial Electrical Equipment
GNOM 6.6% Complete Genomics, Inc.                416 Biotechnology
GLNG 5.1% Golar LNG Ltd.            2,366 Shipping
CECO 5.0% Career Education Corp.            1,668 Education & Training Services
VHC 5.0% VirnetX Holding Corp            1,305 Internet Software & Services
MPEL 4.9% Melco Crown Entertainment Ltd.            6,005 Resorts & Casinos
NANO 4.7% Nanometrics Incorporated                358 Scientific & Technical Instruments
SKM 4.4% SK Telecom Co. Ltd.          11,519 Wireless Communications
RRGB 4.1% Red Robin Gourmet Burgers Inc.                560 Restaurants
APOL 3.6% Apollo Group Inc.            5,821 Education & Training Services
AVEO 3.3% AVEO Pharmaceuticals, Inc.                659 Biotechnology
ESI 3.2% ITT Educational Services Inc.            1,931 Education & Training Services
VRNT 3.0% Verint Systems Inc.            1,300 Business Software & Services
LSTZA 2.9% Liberty Starz Group          56,038 Broadcasting - TV
FTNT 2.9% Fortinet Inc.            3,684 Computer Peripherals
TLLP 2.9% Tesoro Logistics LP Common Unit                758 Oil & Gas Pipelines
HITK 2.9% Hi Tech Pharmacal Co. Inc.                356 Drugs - Generic
LVS 2.6% Las Vegas Sands Corp.          30,282 Resorts & Casinos
MSTR 2.5% MicroStrategy Inc.            1,566 Business Software & Services
SM 2.4% SM Energy Company            4,231 Independent Oil & Gas
ESV 2.3% Ensco plc            7,648 Oil & Gas Drilling & Exploration
BPI 2.2% Bridgepoint Education, Inc.            1,242 Education & Training Services
HOGS 2.1% Zhongpin, Inc.                615 Food - Major Diversified
ELS 2.1% Equity LifeStyle Properties, Inc.            1,834 REIT - Residential
BGS 2.1% B&G Foods Inc.                888 Processed & Packaged Goods
WCG 2.0% WellCare Health Plans, Inc.            2,096 Health Care Plans
UA 1.8% Under Armour, Inc.            3,370 Textile - Apparel Clothing
TGP 1.8% Teekay LNG Partners LP.            2,097 Shipping
REDF 1.8% India Ltd.                326 Internet Information Providers
KND 1.8% Kindred Healthcare Inc.                980 Medical Instruments & Supplies
PCS 1.8% MetroPCS Communications, Inc.            6,422 Wireless Communications
ALXN 1.8% Alexion Pharmaceuticals, Inc.            8,718 Drug Manufacturers - Other
FEIC 1.7% FEI Co.            1,509 Scientific & Technical Instruments
FENG 1.7% Phoenix New Media Limited                 870 Business Services
CHKP 1.7% Check Point Software Technologies           13,403 Security Software & Services
STRA 1.7% Strayer Education Inc.            1,471 Education & Training Services
BIP 1.6% Brookfield Infrastructure Partners L.P.            3,870 Electric Utilities
SINA 1.6% Sina Corp.            7,237 Internet Software & Services
VIP 1.6% VimpelCom Ltd.          18,339 Wireless Communications
TOO 1.6% Teekay Offshore Partners LP            1,605 Shipping
LEAP 1.6% Leap Wireless International Inc.            1,321 Wireless Communications
HRC 1.5% Hill-Rom Holdings, Inc.            2,883 Medical Instruments & Supplies
KT 1.5% KT Corp.            9,515 Telecom Services - Foreign
HANS 1.4% Hansen Natural Corporation            6,333 Beverages - Soft Drinks
XTEX 1.4% Crosstex Energy LP                926 Independent Oil & Gas
CSOD 1.4% Cornerstone OnDemand Inc.                918 Multimedia & Graphics Software
PHI 1.3% Philippine Long Distance Telephone Co.          10,140 Telecom Services - Foreign
VLCCF 1.2% Knightsbridge Tankers Limited                514 Shipping
TESO 1.2% Tesco Corporation                777 Oil & Gas Equipment & Services
EFT 1.2% Eaton Vance Floating-Rate Income Trust                614 Closed-End Fund - Debt
OMCL 1.2% Omnicell Inc.                510 Computer Based Systems
HIT 1.2% Hitachi Ltd.          25,635 Electronic Equipment
SAH 1.2% Sonic Automotive Inc.                692 Auto Dealerships
ACW 1.2% Accuride Corp.                619 Trucks & Other Vehicles
CCE 1.1% Coca-Cola Enterprises Inc.            9,390 Beverages - Soft Drinks
KGC 1.1% Kinross Gold Corporation          17,852 Gold
EFR 1.0% Eaton Vance Senior Floating Rate Trust                572 Closed-End Fund - Debt
AMLN 1.0% Amylin Pharmaceuticals, Inc.            2,026 Biotechnology
GIB 1.0% CGI Group, Inc.            6,197 Internet Software & Services

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012