35 Stocks Financial Sector Mutual Funds are Mocking Us With
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 |

Related Stories
The above story is the opinion of the author only and it does not reflect
iStockAnalyst opinion. Further, the author is not personally advising you
regarding the suitability of the story for your investment needs. In no event
iStockAnalyst will be liable for any loss or damage including without
limitation, indirect or consequential loss or damage, or any loss or damage
whatsoever arising from or arising out of, or in connection with the use of this
information. Please consult your investment advisor before making any investment
decision.