Seven Stocks That Went Up, Despite Market Drop

On Monday, the Dow Jones Industrial Average dropped over 370 points, following a previous tumultuous week for the stock market. Yet, on that same day, numerous stocks were up, with many up over 10% for the day. Unless it is short covering, there may be something positive behind the stock's movement.

The following stocks were all up over 10%. They all have market caps over $500 million, and P/E ratios below 20:

• Synutra International, Inc. (SYUT) produces dairy based nutritional products in China. The stock was up 25.7%. The stock has a P/E of 16.
• Fairfax Financial Holdings Limited (FFH) is in the property and casualty insurance and reinsurance business. The stock was up 25.5%. The stock has a P/E of 3.
• United Microelectronics Corp (UMC) manufactures fabricates semiconductors and integrated circuits in Taiwan. The stock was up 14.4%. The stock has a P/E of 12 and a PEG of 0.53.
• Gold Fields Limited (GFI) is in the gold mining business in South Africa, Ghana, Australia, and Peru. The stock was up 13.6%. The stock has a P/E of 10 and a PEG of 3.49.
• HSN, Inc. (HSNI) sells electronics and housewares, jewelry, beauty, apparel, and other items through its television network. The stock was up 12.1%. The stock has a P/E of 6.
• Pan American Silver Corp. (PAAS) explores for and develops silver copper, zinc, lead, and gold properties. The stock was up 11.5%. The stock has a P/E of 18 and a PEG of 1.65.
• Madeco S.A. (MAD) manufactures flexible packaging products in Chile. The stock was up 10.7%. The stock has a P/E of 18.

Disclosure: The author does not own any of the above.