Biggest Winners and Losers Since the 5/19 Top

The S&P 500 is now down 4.62% since it recently peaked on May 19th.  Below we highlight the best and worst performers in the index since then. 

The list of worst performers is dominated by Financials and Consumer Discretionary stocks.  MBIA (MBI) and AMBAC (ABK) have been the worst performers, down 43% and 37% respectively.  Year to date, MBI is down 71% and ABK is down 91%.  Homebuilder CTX is down the third most at -30.39%.  Other notables on the losers list include Ford (F), Lehman (LEH), General Motors (GM), and Merrill Lynch (MER).

The list of best performing stocks is topped by two tech companies - Jabil Circuit (JBL) and Compuware (CPWR).  Anheuser-Busch (BUD) ranks third with a gain of 13.31%, and DELL, which reacted positively to its most recent earnings report, ranks fourth at +11.98%.  Other notables on the winners list include Monsanto (MON), SLM, NSM, AET and BIG (which continues to be the best performer in the S&P year to date).

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Comments

[Ashish S:]

Financials are still really volatile and risky because not many people know what is going on and there are not too many signs things are over. Meanwhile, the market decline has made growth stocks like technology and health care more attractive. I think a good play is to buy volatility during periods of rallies in the market -- especially for financials.

2008 Jun 09 04:48 PM

[Robt1947:]

HEH ASHISH, IF ONE THINKS FINANCIALS WILL BE A GOOD BUY IN A RALLY, WHY NOT BUY THEM IN A DOWNTURN, THE PRICES WILL BE BETTER..

2008 Jun 10 10:27 AM

[Bear Stocks...:]

We have been finding great short-selling opportunities in the homebuilders and financials like CTX, REGN, LFG, ASTI, PHM, JPM, WFC, LEH, AIG and MER. Check our website for more details.

2008 Jun 10 11:01 AM