3 Stocks Hitting 5-Year Highs, Despite the Bear Market

Who's hitting 5 year highs in this 2008 bear market market and why? Watch these stocks in the coming weeks for continued momentum:

AeroVironment, Inc. (AVAV)

• Manufacturer of unmanned aircraft systems up on news that it has received a $4.6 million federal grant to develop a next-generation small unmanned aircraft system
• Also in the wind turbine business, which is trendy at the moment (albeit, wind shares off their recent rally highs)
• Financials looks nice; healthy year over year top and bottom line growth based on cursory review of income statement
• Up 40% YTD, 80% Year over Year

NetEase.com, Inc. ADR (NTES)

• Operates an online community in China; derives revenue from online gaming. Web portal, content, etc., similar to what Yahoo offers here (albeit smaller).
• Recently blew away earnings on stronger than expected performance from its online gaming businesses.
• Financials looks nice; healthy year over year top and bottom line growth based on cursory review of income statement
• Up 39% YTD, 87% Year over Year

ENGlobal Corporation (ENG)

• Serves the energy infrastructure industry.
• Recently surprised with earnings at 24 cents/share vs. consensus of 16 cents/share.
• Balance sheet: Strong revenue growth, swung from a loss in 2006 to a strong gain in 2007.
• Up 50% YTD, 42% Year over Year

Comments

[Jon Smirl:]

Sybase, SY, is hitting 15 year highs. It's mobile messaging is really doing well.

2008 Aug 22 09:24 AM

[Urbane Gori...:]

Another very good energy infrastructure play is Graham Corp (GHM) .. It has had a very nice steady climb and is presently pulling back ... Getting ready to buy it for the third time and expecting another 25% profit in a month after it pops back through it's daily EMA20..... I think it should hit $120 from where I expect it to pull back.

jegan ;-)

2008 Aug 22 02:47 PM

[Finding Beta:]

Baxter (BAX) in the healthcare sector is also consistently making new highs.

2008 Aug 22 06:28 PM