I always like to take a look to see what stocks are "working;" it helps me see where the money is going and what trends I am missing. I generally like to follow stocks over $5 only, but since there is a bevy of "hot money" being made in the dollar stock area, I thought I'd list those too this time around.
So below are two lists - the top one are the stocks gaining at least 50% and are over $5. The lower one are stocks gaining at least 50% and are under $5. I picked an arbitrary market capitalization floor of $300M to simply cull out the smallish caps.
When I see what I "missed," I can see that it's a Who's Who of stocks that fell 90-95%+ in 2008 - such stalwarts as Fannie, Freddie, Radian, Ambak! (all names whose failure in 2008 threatened to bring down the entire financial system) [Jan 19, 2008: Bond Insurers Becoming More Troublesome]. Remember when Charlie Gasparino used to break in CNBC coverage 3:30 PM every 4th day telling us how there was a rescue plan for Ambak or MBIA and drove the market up 3%? We were able to crush shorts for a good 2-3 months with that exact same story repeated countless times - thanks Charlie. I'll always have memories of CNBC's responsible journalism! [Feb 22, 2008: Markets Rally on Ambak Rescue Plan Version 37] [Mar 5, 2008: Ambak is Halted Pending "Shocking" Announcement]
We also see a bevy of distressed auto suppliers (thank Cash for Clunkers) and then a hodge podge of speculative fare. Any list with Sirius Radio and Vonage on it is one you don't want to be on, except in times like this. (frankly 80% of the names in list 2 I have never seen before) As for list 1, American Axle was threatened with bankruptcy, but General Motors gave them a big loan. Where did the bankrupt General Motors get the money? (look in the mirror) The U.S. taxpayer-subsidized economy and stock market continues.
As I reverse engineer myself to July 31st 2009, I have a difficult time seeing myself buying any of these as "investments" (I didn't realize plastic shoes were hot again). This market has reached speculative level code red stage. Daytraders and HFT Unite. I am just glad I no longer try crazy things like short commercial REITs - both MAC and DDR were some of our top shorts in April 2009.
*note, AIG is only over $5 due to a 20:1 reverse split.
List 1: Over $5
| Symbol | Company Name | % Price Change Last Month | Market Capitalization |
| AIG | American International Group | 264.4 | 6,438 |
| AXL | American Axle & Mfg | 264.4 | 351 |
| RDN | Radian Group Inc | 169.0 | 767 |
| OWW | Orbitz Worldwide Inc | 147.7 | 548 |
| ISYFF | IFCO Systems NV | 120.8 | 441 |
| AMVMF | AMG Advanced Metallurgical | 96.2 | 400 |
| CROX | Crocs Inc | 93.5 | 584 |
| CATM | Cardtronics Inc | 91.7 | 325 |
| SSP | EW Scripps Co | 90.0 | 409 |
| IKBDF | IKB Deutsche Industriebank AG | 87.9 | 991 |
| DAN | Dana Corp | 86.0 | 572 |
| MSO | Martha Stewart Living | 85.9 | 339 |
| FFG | FBL Financial Group Inc | 84.7 | 539 |
| KBCSF | KBC Groep NV | 83.7 | 13,072 |
| UFS | Domtar Corp | 82.0 | 1,518 |
| LPX | Louisiana-Pacific Corp | 77.6 | 781 |
| EK | Eastman Kodak Co | 74.2 | 1,373 |
| MEVCF | Metrovacesa SA | 72.1 | 2,580 |
| SWM | Schweitzer Mauduit Int'l | 65.0 | 787 |
| AFGVF | Agfa Gevaert NV | 63.3 | 614 |
| BKI | Buckeye Technologies Inc | 62.1 | 405 |
| ROCK | Gibraltar Industries Inc | 61.7 | 378 |
| C | Citigroup Inc | 60.8 | 57,203 |
| HPNOF | Highpine Oil & Gas Ltd | 58.5 | 421 |
| HOV | Hovnanian Enterprises Inc | 58.5 | 395 |
| UAUA | UAL Corp | 58.4 | 947 |
| FOE | Ferro Corp | 56.5 | 345 |
| NWLTF | Newalta Inc | 56.3 | 316 |
| XIDE | Exide Technologies | 55.8 | 561 |
| SANMD | Sanmina-SCI Corp | 55.4 | 432 |
| AIB | Allied Irish Bks | 54.6 | 3,177 |
| MBI | MBIA Inc | 53.7 | 1,369 |
| ATPG | ATP Oil & Gas Corporation | 52.1 | 497 |
| DDR | Developers Diversified Realty | 52.0 | 1,354 |
| CBL | CBL & Associates REIT | 51.0 | 1,204 |
| JHX | James Hardie Industries ADR | 50.7 | 2,658 |
| SBP | Santander Bancorp | 50.4 | 419 |
| MAC | Macerich Co | 50.3 | 2,304 |
| GET | Gaylord Entertainment Co | 50.2 | 881 |
List 2: Under $5
| Symbol | Company Name | % Price Change Last Month | Mkt Cap |
| VG | Vonage Holdings Corp | 373.8 | 312.4 |
| RTK | Rentech Inc | 329.8 | 389.7 |
| FRE | Freddie Mac | 273.3 | 1,452.2 |
| ABK | Ambac Financial Group Inc | 140.0 | 517.6 |
| QUTDF | Quintain Estates & Devlp | 138.8 | 362.0 |
| TDAKF | TODA KOGYO CORP | 132.4 | 399.6 |
| JHPSF | Johnston Press plc | 113.9 | 362.4 |
| BZ | Boise Ord Shs | 104.4 | 395.2 |
| UTGPF | UNITE Group PLC | 80.4 | 463.4 |
| CUDEF | Cudeco Ltd | 78.8 | 532.7 |
| NTXFF | Natixis SA | 78.5 | 14,246.8 |
| CIT | CIT Group Inc | 77.3 | 611.6 |
| DKYOF | DAIKYO INC | 75.2 | 875.0 |
| TNMRF | Trinity Mirror PLC | 70.2 | 575.4 |
| DTZHF | DTZ Holdings PLC | 70.1 | 395.0 |
| APLVF | AP Alternative Assets LP | 67.8 | 480.2 |
| NBDFF | Norbord Inc | 66.7 | 654.7 |
| MTLQQ | Motors Liquidation Ord Shs | 66.3 | 502.5 |
| EMNSF | Elementis PLC | 63.9 | 365.1 |
| AFGVF | Agfa Gevaert NV | 63.3 | 614.4 |
| SIRI | Sirius XM Radio Inc | 62.7 | 2,667.3 |
| BPOP | Popular Inc | 57.7 | 547.1 |
| KFN | KKR Financial Holdings LLC | 57.0 | 496.6 |
| CNO | Conseco Inc | 56.1 | 833.8 |
| IULTF | Industrea Ltd | 55.7 | 344.8 |
| GRGTF | Grainger Plc | 55.6 | 632.6 |
| ICGUF | Intermediate Capital Group | 52.6 | 1,840.4 |
| EOHDF | Emeco Holdings Ltd | 52.4 | 424.7 |
Print this article with comments
This article has 3 comments:
On Aug 30 08:55 AM bloomberg 30 wrote:
> .
As for Sirius Radio.
We've had free radio since it was invented, who in their right mind thinks the majority of people will pay for it?
People who do pay for it remind me of people who pay $3 a half quart for bottled water packaged in Mexico.
Tap water is actually regulated and healthier.