I usually post a "best of" list each week in terms of best returns. I thought it would be instructive to show the top 35 stocks (over $2 billion market cap) of the past week. The numbers are staggering... not just in the % return but I am including the market capitalization in the far left column. For those who are newer to the market, market capitalization is simply the # of shares X the stock price and it signifies "size". The scale below is billions so 13.2 = 13.2 Billion. When you cross reference the percentage moves against the market caps you can see you many "billions" have been created on paper in the last 5-6 days. Again, we've seen this action before, and you just have to shake your head when stodgy financials trade like small cap Chinese stocks or dot coms from the late 90s, falling 60%... popping 50%. $100 Billion market cap companies at that. Obviously it represents a very stable economy as financials are our "backbone"... or is it rear end?
Again, for now these are the "Golden Children" but I contend the list of this and last week's winners will in fact be the "Best of (Shorts)" list in about 3-4 weeks. They have been throughout the fall winter and spring. No reason to change now. Unless you believe the economy is recovering by New Year's.
p.s. someone remind me to buy Northwest Airlines the next time crude is $150. Thanks.
Mkt Cap Symbol Company Name % Price 13.1 FNM Fannie Mae Ord Shs 89.7 35.9 WB Wachovia Corp Ord Shs 84.9 6.3 FRE Freddie Mac Ord Shs 84.4 144.1 BAC Bank of America Ord Shs 74.7 2.2 NWA Northwest Airlines Corp 68.5 7.9 RF Regions Financial Corp 65.7 14.0 LEH Lehman Brothers Holdings 52.8 2.6 FDRY Foundry Networks Inc 50.4 100.8 WFC Wells Fargo & Co 48.4 4.7 CMA Comerica Inc 48.1 17.4 LVS Las Vegas Sands Corp 47.6 14.0 STI SunTrust Banks Ord Shs 47.0 3.0 ZION Zions Bancorp Ord Shs 46.8 3.3 JEF Jefferies Group Inc 45.8 8.1 GM GM Ord Shs 45.5 15.6 BBT BB&T Corp 43.9 113.8 C Citigroup Ord Shs 43.5 5.8 KEY Keycorp Ord Shs 43.3 8.6 FITB Fifth Third Banc Ord Shs 43.2 24.3 PNC PNC Finl Service Ord Shs 40.7 7.0 BRL Barr Pharmaceuticals Inc 40.7 7.0 UB UnionBanCal Corp 39.3 18.9 IBN ICICI Bank 38.8 33.7 MER Merrill Lynch Ord Shs 38.4 3.2 PHM Pulte Homes Ord Shs 36.6 70.1 AIG Amer International Group Ord Shs 36.3 2.5 VLY Valley National Bancorp 36.2 26.0 BLK Blackrock Inc 34.6 2.2 AF Astoria Finance Ord Shs 34.4 52.9 USB US Bancorp Ord Shs 33.8 5.7 RCL Royal Caribbean Cruises Ltd 33.2 2.4 CYN City National Corp 32.9 3.3 SNV Synovus Financial Corp 32.0 4.0 MI Marshal & Ilsley Ord Shs 31.8 140.0 JPM JP Morgan Chase Ord Shs 31.7
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