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Below is our weekly Nasdaq 100 watch list of companies that are within 21% of their respective 52-week low.

Symbol Name Price P/E EPS Yield P/B % from low
GILD Gilead 39.71 12.74 3.12 0 4.86 0.40%
APOL Apollo 57.41 14.36 4 0 6.53 8.75%
QCOM QUALCOMM 38.68 20.63 1.88 2.00% 3.09 9.08%
ATVI Activision 11.08 130.35 0.09 1.40% 1.31 11.58%
GENZ Genzyme 53.22 129.17 0.41 0 1.91 13.02%
RYAAY Ryanair 28.16 0 0 0 0 13.46%
YHOO Yahoo! Inc. 16.53 29.62 0.56 0 1.93 18.84%
SYMC Symantec 16.77 43.56 0.39 0 3.13 20.04%

Watch List Summary

The best performing stock from last week's list was Qualcomm (QCOM) which rose 1.12%. The worst performing stock was Apollo Group (APOL) which declined 9.63%. Worth noting is the fact that Gilead Sciences (GILD) is moving very close to the October 10, 2008 adjust low price of $37.47. If GILD falls below the $37 level then the next support level is $27 according to Dow Theory.

This is the first time that Yahoo! (YHOO) has appeared on our watchlist. However, the most accurate low price should be the $8.95 low price that was attained in November 2008. I would not be surprised to see YHOO become the subject of a takeover if the price falls any further.

While YHOO's price has gone relatively nowhere in the last year, potential acquirers have an expensive stock price on their hands. This explains why Hewlett-Packard (HPQ) is buying Palm (PALM). From the period of one year ago, HPQ's stock price has risen over 40% while PALM's had fallen by over 60% in the same time frame. Stock prices are getting expensive and the only way to resolve this is by issuing more shares to raise capital or by acquiring another company.

Disclosure: No positions

Source: 8 Nasdaq 100 Companies to Watch