When the market turned on the 'buy switch' thirty-seven days ago (Sept. 1st), these stocks took advantage in a big way by gaining over 50% in that short time span. Criteria for this list includes stocks with over one billion market cap, price over $10, and volume (90 day) over 300,000. Any stocks with freakishly large 'gap ups' were excluded from the list.
Pardon the lack of columns and rows...
Symbol, Name, 37 day % Gain, Market Cap ($,), Beta, Industry
MCP, Molycorp Inc., 84.9%, 2.6B, - , Industrial Metals and Minerals
THRX, Theravance Inc., 66.5%, 1.5B, 1.70, Biotech.
URI, Untied Rentals Inc., 60.9%, 1.1B, 2.40, Rental/Leasing
JCP, J.C. Penney, 60.3%, 7.7B, 1.94, Dept. Store
OMX, OfficeMax, 51.5%, 1.3B, 3.00, Retail
LDK, LDK Solar, 51.3%, 1.4B, 2.80, Semiconductor
While this post could be put in the "why didn't you tell me about this 37 days ago" file, some of these stocks might come in handy during the next buy signal.
I'm not saying that the market will give up some of it's recent gains this coming week, but if the dollar continues to make a move off the lows, expect the market to retreat...or provide a more timely 'Trick or Retreat'. On the other hand, a continued upward trend would be appreciated. Why stop now? Let's push to the April highs. We'll worry about the devastatingly quick correction later.
Hmmm...kicking the can down the road isn't so hard after all. I wonder if it's too late to run for public office?
Forewarned
3 hours ago
