Wednesday, September 10, 2008

Big stocks up Year-to-date: Sept 10, 2008

STOCK TALK:

Some prime-cap (large) stocks from the table in FINVIZ.com that are actually up over 25% in the last year:

VAR | 57.55% | Varian Medical
UST | 48.77% | UST
WMT | 45.65% | Walmart
CSX | 40.31 | CSX
MON | 40.14% | Monsanto
HAS | 38.32% | Hasbro
BUD | 38.31% | Anheuser-Busch
UNP | 32.00% | Union Pacific
WWY | 31.89% | William Wrigley
COV | 29.08% | Covidien

Most of these are well-known household names, a discount store (Wal-Mart), chewing gum (Wrigley), beer (Bud) and toy manufacturers (Hasbro), and American railroads to move around these goods. It is interesting to identify the not very surprising results showing where disposable incomes are being spent. The following top sectors also indicate solid consumer spending in residential building stocks, shoes and discount stores.

Found these charts in barchart.com and have cleaned up some clutter in them.

The top stocks in the very best sector year-to-date are:

BUILDING - RESIDENTIAL COMM as of Sep 10, 2008 - 13:50

Symbol Company Name YTD
MHO | M I HOMES INC | 86.60%
AXR | AMREP CP NEW | 85.60%
MTH | MERITAGE HOMES | 82.22%
TOL | TOLL BROTHERS I | 24.08%

Second best sector top stocks YTD:

RETAIL - APPAREL SHOES as of Sep 10 - 14:00

FINL | FINISH LINE CL | 360.25%
WTSLA | WET SEAL INC CL | 109.01%
BKE | BUCKLE INC | 78.91%
NWY | NEW YORK & CO I | 75.08%
PLCE | THE CHILDREN'S | 59.85%
CTRN | CITI TRENDS INC | 51.62%

Third best sector top stocks YTD:

RETAIL - DISCOUNT as of Sep 10 - 14:00

BIG | BIG LOTS INC | 104.63%
ROST | ROSS STORES INC | 61.48%
FRED | FRED'S INC | 57.87%
DLTR | DOLLAR TREE INC | 53.97%
FDO | FAMILY DOLLAR S | 42.26%
WMT | WAL MART STORES | 32.60%

Perhaps the interesting puzzle to ponder is that residential builders are ahead. With house prices dropping and overbuilding touted as a reason for the slide, why are these builders doing so much better than other stocks?

Also, notice that Finish Line looks like the most interesting chart!

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