While the S&P 500 index has gained 66.38 points or 5.22% in the last 10 trading days, the following securities have gained 5.9% to 14.39%. They have outperformed the markets and are currently showing a bullish trend.Few of the securities listed could potentially continue their bull-run in the near future due to their diversified portfolio of offerings and macro-economic outlook.
Johnson Controls Inc. (NYSE:JCI) is a global diversified company with three business units: Building Efficiency for energy usage optimization, Automotive Experience for automotive interiors and Power Solutions for vehicle batteries. The company currently controls 80% of the market for “start-stop” technology used in automobiles that turns off an engine when the vehicle is stopped. The demand for this technology will rise as more automakers are focusing on green and eco friendly initiatives. The stock closed at $42.25 on Tuesday, rising $5.14 or 13.85% in the last 10 trading days.
News Corporation A (NASDAQ:NWSA), the media conglomerate has been in the news recently for its sale of MySpace brand to Specific Media. The company has a worldwide presence with different forms of media. Developing and emerging markets have increased their consumption of the services delivered by News Corp. This can help the company sustain its growth and add to new services to its already diversified portfolio. The stock closed at $18.13 on Tuesday, rising $2.08 or 12.96% in the last 10 trading days.
Amazon.com Inc (NASDAQ:AMZN) is an ecommerce giant with a great presence in the United States online shopping market. Rough economy coupled with shopping convenience, boosted revenues for the company. Individuals, looking to save in numerous ways, resorted to tax free online shopping rather than shopping at traditional brick and mortar stores. It has to be seen how the company performs as the economy rebounds and debates about the “Amazon Tax” laws heat up. The stock closed at $213.19 on Tuesday, rising $26.82 or 14.39% in the last 10 trading days.
Citigroup Inc (NYSE:C) is a global diversified financial services firm, having a presence in over 160 countries. Company has shifted its focus to the growing emerging market sector and in the recent quarter, 50% of the company’s earnings (before taxes) steamed from this sector. The company has significantly reduced its balance sheet risk by lowering the weightage of Citi Holdings to 17%. The stock closed at $42.57 on Tuesday, rising $4.27 or 11.15% in the last 10 trading days.
Novellus Systems, Inc. (NASDAQ:NVLS-OLD) manufactures, sells, and develops equipment used for semiconductors or chips. The company reported strong Q1 earnings with growth in net operating income and cash flows. Intel Corporation (NASDAQ:INTC), a good predictor of growth in PC claimed to have a double digit forecasted growth in the industry. This translates into a similar growth in the semiconductor industry. The stock closed at $22.44 on Tuesday, rising $1.25 or 5.9% in the last 10 trading days.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.