41 Stocks Returning 10% or More Last Week

This week's list of top performers has high exposure to retail and solar; areas we have been moving into the past few weeks with greater weightings.... but more into solar than retail for the fund. This list continues to show us that "beaten down" merchandise from the past year is the market's favorite right now. At the very bottom of the entry I also posted the top returners in the $1B to $1.75B range of market capitalization since we are increasingly buying some smaller fare.

Criteria

1. Market capitalization $1.75B+
2. Average trading volume 100K+
3. Stock price $10+
4. Return this week 12%+

Some names we own, some names we have owned in the past or discussed in the blog. Longs Drugs (LDG) was an acquisition target of mine; and in a miracle of miracles (not) Bill Ackman of Pershing Capital (hedge fund) bought a huge slew of Longs in late June through July at prices of $40.47 to $45.92 - within 6 weeks of his first purchase the stock is acquired @ $71.50. Surely just by chance ;) And that makes your year right there. The 2nd name on this list is Elan (ELN) which was absolutely pummeled first from a negative result on an Alzheimer drug and then more bad results from its multiple sclerosis drug Tysabri; the same thing happened a few years ago with Tysabri and Elan was similarly punished. I almost bought this for a trade since it leveled out for 2 weeks and was not heading lower, but 'almost' gets you nowhere in the stock market.

The airlines continue to mock those who believe losing $900 per flight is no better than losing $1500; same story with General Motors (GM) - I suppose  people will be lining up to buy their trucks/SUVs now that gasoline has plummeted from $4.19 to $3.79 (on the way to $3.49). Along with flying to Las Vegas to gamble, and buying premium coffee along the way.

Hansen Natural (HANS) - makers of energy drink Monster and a retail investor favorite for many years - is a target of the 1021st "takeover" rumor and had a nice run. This rumor comes out every 8 weeks like clockwork. NVIDIA (NVDA) another case of a beat up stock that reported "we plan to stay in business for a few more months" and that was enough for investors to drive it up - same story on the retailers. Mechel (MTL) seems to be rallying now that Putin is busier with some other minor business (Georgia). NRG Energy (NRG) was revealed to be a new Warren Buffet holding (this is the company that filed to build new nuclear plants in the US - which should take a good decade to get through all the legal loopholes) - the lemmings jumped right in when the Buffet stake was made public. Ctrip.com (CTRP) was also an earnings play.

We had pointed out the reasons for the LDK Solar (LDK) spike (earnings) and the Sunpower (SPWR) spike (huge deal potentially with California utility) and I continue to have my eye on Embraer (ERJ) - the stock is finally poking its head over resistance - I am gunshy however because this seems to be a market to buy the carnage and sell the breakout. So I'm still debating this name we highlighted a month ago as a dirt cheap stock [Jul 8: Has Embraer Hit Bottom?] - I thought it would rally more since the airlines are so in favor and it builds planes. It has rallied from $27s to $32s since the July 8 piece. In retrospect the answer to the question in the title of my entry is a resounding "yes".

Symbol	Company Name	% Price Change 1 Week
LDG	Longs Drug Stores Corp	37.2
ELN	Elan Depository Receipt	31.7
MBI	MBIA Ord Shs	30.9
LDK	LDK Solar Co Ltd	27.8
UAUA	UAL Ord Shs	27.4
HANS	Hansen Natural Corp	23.3
CTRP	Ctrip.com	17.8
NVDA	NVIDIA Corp	17.8
CY	Cypress Semiconductor Corp	16.8
CREE	Cree Inc	14.6
UB	UnionBanCal Corp	14.4
WEN	Wendy's International Inc	14.3
NTES	Netease.com Inc	14.3
ONXX	Onyx Pharmaceuticals Inc	14.1
HTV	Hearst-Argyle Television, Inc	14.0
DRYS	DryShips Inc	13.4
STP	Suntech Power Holdings	13.2
FOSL	Fossil Inc	12.1
EL	Estee Lauder Ord Shs Class A	12.1
MTL	Mechel ADR Rep 3 Ord Shs	11.9
DISCA	Discovery Holding Series A Ord Shs	11.8
STX	Seagate Technology	11.7
JCP	JC Penney Co Inc	11.7
PBEGF	Petrobank Energy and Resources Ltd	11.6
GA	Giant Interactive Group Inc	11.5
GM	GENERAL MOTORS	11.5
CVC	Cablevision Systems Corp	11.5
ENER	Energy Conversion Devices Inc	11.2
WFR	MEMC Electronic Materials Inc	11.2
IHS	Information Handling Services Inc	11.0
GNK	Genco Shipping & Trading Ltd	10.7
PENN	Penn National Gaming Inc	10.7
ERJ	Embraer-Empresa Brasileira de Aeronautica	10.7
NRG	Nrg Energy Ord Shs	10.7
TOL	Toll Brothers Inc	10.6
OTEX	OPEN TEXT CORP	10.5
KSS	Kohl's Corp	10.5
LVS	Las Vegas Sands Corp	10.5
SBUX	Starbucks Corp	10.4
LII	Lennox International Ord Shs	10.0

 

 

Below are the stocks in the $1.0B to $1.75B range who returned 13%+ this week - 16 names. Solar names continue to pop up here - and lo and behold a few dry bulk shippers and energy names.

Symbol	Company Name	% Price Change 1 Week
SOL	Renesola ADR	30.4
EXM	Excel Maritime Carriers Ltd	22.1
IRF	International Rectifier Corp	21.2
ENS	EnerSys	18.9
PETD	Petroleum Development Corp	17.8
PDC	Pioneer Drilling Co	15.9
TEN	Tenneco Inc	15.7
GEO	Geo Group Inc	15.3
ALK	Alaska Air Group Inc	15.2
AIXG	Aixtron ADR	14.9
TSL	Trina Solar Ltd	14.2
CLWR	Clearwire Corp	13.9
WINN	Winn Dixie Stores Inc	13.5
ESC	Emeritus Corp	13.5
ASCA	Ameristar Casinos Inc	13.5
IOC	INTEROIL CORP	13.0

Comments

[Geddy:]

We can probably now restate this & say that some lost 10% this PAST week...i.e.-Clearwire. Horrible!

2008 Aug 23 05:01 PM

[Shareholder...:]

InterOil found two very big natural gas resources in Asia (where LNG trades at a huge premium) plus they might very well have ability for a liquids stripping plant and their refinery has turned around. Half the float is short, but the case for shorting seems weaker by the week (we might get a push from the new SEC rules as well). The upside is still very large as the gas has not been priced in and they have many more drilling prospects.

We follow it almost on a daily basis at shareholdersunite.com where you can also find many background articles.

2008 Aug 24 10:30 PM

[Geddy doesn...:]

Geddy-You're doing it again! You read something and get it all WRONG! Clearwire gained 13+%. Learn how to comprehend what you read before posting your NONSENSE...just like when you claimed HSDPA uses OFDM....haha...you're a joke...WANNABE mister know it all! You've got no credibility here.

2008 Aug 26 04:13 AM

[Geddy:]

And yet again you didn't read my post. I DID NOT dispute any gain Clearwire had the PREVIOUS week. I only posted they lost that & more the week FOLLOWING. Good God dude, READ BEFORE POSTING CRAP! I also ask that you look up Dr. Ernest Simo who indeed also claims that HSDPA uses OFDM in some cases. Again, I don't claim to know anything, I just post my opinions. You can now go back to work Sprextel/Clearwire employee....

2008 Aug 26 07:37 PM

[Geddy doesn...:]

So you're a Cell Tech that gets his information from pamphlets, the internet, and youtube!!! HaHa!!

2008 Aug 29 02:20 PM

[Geddy:]

Actually Ops Mgr. Dr. Ernest Simo is a well respected engineer & author of many books. He's a nationally recognized trainer in wireless technologies. As usual in all my responses to your uneducated posts, try doing some background research before posting crap...again, go back to work Sprextel/Clearwire sales puke!

2008 Aug 29 03:14 PM

[Geddy doesn...:]

Ops mgr. of what market...you obviously have network envy issues!

2008 Aug 29 04:53 PM

[Geddy:]

Yet again you claim to have read my previous posts where I have stated this numerous times...MetroPCS. We don't sell data so not sure how I would be envious of a "startup" company that sells junk. Once we do start selling data I'm sure Sprextel/Clearwire will be something we talk about in passing...with quite a few jokes!

I see you haven't denied working for Sprextel/Clearwire so we're all assuming that's why you're so defensive...good luck there bud!

2008 Aug 30 09:50 AM