Last Year's Best Stocks Have Been This Year's Worst

|
 |  Includes: AKS, BXP, CALM, CF, CPHD, ELON, FSLR, GMO, ISRG, IWF, MOS, ONXX, RCCC, SNCR, SPWR, TBSI, TRA
by: Bespoke Investment Group

The best performing US stock of 2007, FSLR, is down 21.86% year to date.  The second best, ONXX, is down 49.51%.  The third and fourth best, MOS and CF, are up 22% and 16% respectively.  We broke the Russell 3,000 into deciles (10% of stocks in each decile) based on their 2007 performance and found that, on average, the best of 2007 have been the worst of 2008.

click to enlarge
08decile

Below we highlight the 25 best performing stocks of 2007 and also provide their 2008 year to date percent change.  Of the top 25, Synchronoss (NASDAQ:SNCR) is down the most this year at -53.81%.  ONXX is down the second most at -49.51%, followed by Sunpower (NASDAQ:SPWR) at -48.53% and ELON at -43.9%.  BPZ Resources (NYSE:BXP) is the stock on the list that has done the best in 2008 -- rising another 44% so far this year.  CALM, MOS, AKS and CF are other notable winners.  The major winners are heavily concentrated in Materials, Agriculture and Energy.

Bestof0708