With a 10% rally in the S&P 500 during the first quarter, it has certainly been a good year for equities so far. It has been so good, in fact, that there are twenty US stocks that began the year with a market cap of more than $100 million that have seen year to date gains of 100% or more in the first quarter. Topping the list are shares of AMR (OTC:AAMRQ), the parent company for American Airlines with a gain of 422%. Even though the company is in bankruptcy, it may have just seen its largest three month rally ever.
While you may have never heard of a lot of the names on the list, there are actually ten companies that have average daily volumes of more than 500K shares. The most notable and largest company on the list is Netflix (NFLX), which is up 104% on the year. Besides AAMRQ and NFLX, other stocks that have seen active volume along with their triple digit returns this year include KERX, OTC:FNMA, OTC:FMCC, CZR, UNXL, APP, SPWR, SVU, and RJET. No one in their right mind would recommend buying a stock that has more than doubled in a three month period, but while the strong market has acted as a tailwind for these stocks, you don't typically see these types of gains without some sort of fundamental catalyst driving it.