Stocks on Steroids
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The mainstream media story of the day and possibly the sports story of the year is the Mitchell Report on steroid use in baseball expected to be released this afternoon (although the list of player names is already circulating). We decided to create our own list of the stocks that could possibly have been on steroids since the bull market began in October 2002 because of their amazing performance. Below we highlight the 50 stocks currently in the Russell 3,000 that are up the most since then. As shown, SWIM is up 26,515%, followed by SBAC (14,429%), PRXI (9,650%) and HANS (9,619%). If we only had a crystal ball.
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Market Summary
- The Lost Bull Market of 2002 - 2007 Nov 20, 2008
- Dow Member Changes Since the 10/02 Low Nov 20, 2008
- 38 Foreign ADRs Down More Than 80% YTD Nov 17, 2008
- Post-Election Stock Massacre Nov 13, 2008
- How Low Can They Go? Nov 12, 2008
- How Bad Has This Decade Been? Nov 11, 2008
- Insights from a Derivatives Salesman Nov 09, 2008
- Ebbing Economic Tide is Lowering All Boats Nov 09, 2008
- Post Election Stock and Sector Performance Nov 07, 2008
- The Obama Bottom Nov 06, 2008
- Best Performing S&P 500 Stocks During the Bush Years Nov 04, 2008
- Asset Class Performance during the Bush Years Nov 04, 2008
- Acute Phase of Liquidity Crisis Has Passed; Bear Market Bottom Around the Corner? Nov 04, 2008
Bonds
- Investment Interest in Low-Income Countries May Increase Dec 01, 2008
- Bond Trading Trends Warn of Deflation Dec 01, 2008
- Bond Expert: Monday Wrap Dec 01, 2008
- 10-Year Treasury Yield Lowest Since 1955 Dec 01, 2008
- The Credit Spreads Blow-Up Dec 01, 2008
- Bond Expert: Monday Outlook Dec 01, 2008
- The Convertibles Collapse Offers Investment Lessons for All Investors Dec 01, 2008
- Gold Trade Proves Spectacular to the Upside Dec 01, 2008
- AIG's Bold Move and Why I'm Shorting the Long Bond Dec 01, 2008
- Chart of the Week: Yields on U.S. 10-Year Treasury Notes Below 3% Nov 30, 2008
- ETF Holiday Stocking Stuffers Nov 30, 2008
- Credit Crisis Watch: Are the Markets Thawing? Nov 30, 2008
- Understanding Synthetic Bonds Nov 30, 2008
Dollar/Currencies
- Forex: The Return to Risk Aversion Dec 01, 2008
- Thanks for the VAT Cut Alistair! Dec 01, 2008
- Forex Markets: A Look into the Dollar Part IV Dec 01, 2008
- The Capital Market Ceased to Be a Value Discovery Mechanism Nov 30, 2008
- Eurozone Inflation Plummets to 2.1%; M3 Growth Unchanged at 8.7% Nov 28, 2008
- In Search of the Next Reserve Currency Nov 28, 2008
- ProShares Leverages Currencies and Commodities Nov 28, 2008
- Investment Ideas for an Inflationary Environment Nov 28, 2008
- Deleveraging Pushes the Dollar Up Nov 28, 2008
- U.S. Multinationals Must Brace Themselves for Strengthening Dollar Nov 27, 2008
- Three Reasons Why the Dollar's Not Yet Done Nov 27, 2008
- The Race to Zero Interest Rates Nov 26, 2008
- Obama's Dream Team Selection Stabilizes Markets ... For Now Nov 26, 2008
Earnings
- Grupo Financiero Shows Many Good Points, Rated a Buy Dec 01, 2008
- Earnings Preview: Sears Holdings Corp. Dec 01, 2008
- Earnings Preview: Staples Dec 01, 2008
- LAN Airlines Strongly Positioned to Weather Economic Storm Dec 01, 2008
- Heinz: Feeling No Squeeze? Nov 30, 2008
- Frontline's Earnings Do Not Paint a Clear Picture Nov 30, 2008
- Ship Finance Has Been Misjudged Nov 28, 2008
- Tanker Stocks: Frontline Slashes Dividend Nov 28, 2008
- LAN Airlines Expects Difficult 2009, Reconsidering Planned Expansions Nov 28, 2008
- Canadian Property Insurers Attractive to BMO Analyst Nov 28, 2008
- AmBev Reports Declining Margins And EBITDA Growth for Q3 Nov 27, 2008
- TiVo Changing Strategy Nov 27, 2008
- Another Disappointing Quarter for Agilysys Nov 27, 2008
Hedge Fund Jobs
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Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
- Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only.
- Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week.
- Oil demand withers. The International Energy Agency warned Friday worldwide oil demand...
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Wednesday, October 15.Bullish Calls:Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.Bearish Calls:Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."Email continues...
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
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Transcripts- TrueBlue, Inc. Q3 2008 Earnings Call Transcript
- Polycom, Inc. Q3 2008 Earnings Call Transcript
ETF- Too Early To Buy Homebuilders ETF by Larry MacDonald
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