Today's winner list is an example of why this is not a stock pickers market but a sector allocation market or as I like to say "It's all the same stock" Below is a list of 73 winners returning 6% or more. Instead of highlighting the commodity or global growth stocks (which are almost all of them) I'll highlight the few non commodity/global growth stocks (a few banks of all things are strewn in).
So today, all the hedgies ran in/covered their shorts. This list is full of broken charts. What we want to see to "believe" is see them pass over resistance and show something other than an oversold bounce. Which is what some retailers have done say over the past 7 weeks. Otherwise they are just dead stocks walking enjoying an oversold bounce, no different than financials from November 2007 - July 2007
So you say buy
Tesoro (TSO)? I say I already own it, its called
Mosaic (MOS). You say I need some
Vale (RIO)? I say, got it covered - hello look at my
Foster Wheeler (FWLT). I need to buy a Brazilian steelmaker? Nah, Peruvian copper works just the same. Stupid to sell
Atwood Oceanics (ATW), an oil driller? Nah - got it covered, it's called
CF Industries (CF) now. There is no difference anymore - they all have the same story - so no need to own 20 when 4 will do nowadays. You see, to hedge funds moving in and out, it's all the same stock - it's just a video game now - the only difference among these are if you have to type 3 or 4 letters in during your buy or sell order.
| Symbol |
Company Name |
% Price Change Today |
| RES |
RPC Inc |
16.7 |
| VIP |
VympelKom OAO |
14.9 |
| AEM |
Agnico-Eagle Mines Ltd |
14.9 |
| CLR |
Continental Resources Inc(Oklahoma) |
13.0 |
| MITSY |
Mitsui & Co Ltd Depository Receipt |
12.8 |
| LIHR |
Lihir Gold Sponsored ADR |
12.6 |
| TC |
Thompson Creek Metals Co Inc |
12.0 |
| MDR |
McDermott International Inc |
11.3 |
| GG |
GOLDCORP INC |
11.1 |
| HOC |
Holly Corp |
11.0 |
| FWLT |
Foster Wheeler Ltd |
11.0 |
| HUN |
Huntsman Corp |
10.4 |
| TCK |
Teck Cominco Ltd |
10.2 |
| BVN |
Buenaventura ADR |
9.7 |
| KGC |
KINROSS GOLD CORP |
9.4 |
| PCU |
Southern Copper Corp |
9.4 |
| MBT |
Mobile Telesystems ADR Rep 5 Ord Shs |
9.3 |
| AAUK |
Anglo American ADR |
9.3 |
| MTL |
Mechel ADR Rep 3 Ord Shs |
9.2 |
| ZION |
Zions Bancorp |
9.1 |
| CMP |
Compass Minerals International Inc |
9.1 |
| KBR |
KBR Inc |
9.1 |
| MIR |
Mirant Corp |
9.1 |
| CLF |
Cleveland-Cliffs Inc |
9.0 |
| ABX |
BARRICK GOLD CORPORATION |
9.0 |
| STOSY |
Santos ADR |
9.0 |
| VLO |
Valero Energy Corp |
8.9 |
| LULU |
lululemon athletica inc |
8.8 |
| NRP |
Natural Resource Partners Units |
8.7 |
| SQM |
Sociedad Quimica y Minera de Chile |
8.6 |
| PAAS |
PAN AMERICAN SILVER CORP |
8.5 |
| ENER |
Energy Conversion Devices Inc |
8.4 |
| SID |
Companhia Siderurgica Nacional ADR |
8.3 |
| RTP |
Rio Tinto ADR Each Reptg Four Ord Shs |
8.3 |
| SNV |
Synovus Financial Corp |
8.2 |
| AHGP |
Alliance Holdings GP LP |
8.1 |
| ACI |
Arch Coal Inc |
8.0 |
| BHP |
BHP Billiton ADR |
8.0 |
| FCX |
Freeport McMoRan Copper & Gold Inc |
8.0 |
| IX |
Orix Corp Depository Receipt |
7.9 |
| WBD |
Wimm-Bill-Dann OAO |
7.8 |
| BRY |
Berry Petroleum Co |
7.7 |
| BVF |
BIOVAIL CORPORATION |
7.6 |
| ASBC |
Associated Banc-Corp |
7.5 |
| DRQ |
Dril-Quip, Inc |
7.5 |
| TRA |
Terra Industries Inc |
7.4 |
| BBL |
BHP Billiton ADR |
7.4 |
| POT |
Potash Corp |
7.4 |
| AGU |
AGRIUM INC |
7.3 |
| FTO |
Frontier Oil Corp |
7.3 |
| MOS |
Mosaic Co |
7.2 |
| FHN |
First Horizon National Corp |
7.0 |
| MMR |
McMoRan Exploration Co |
6.9 |
| XCO |
EXCO Resources Inc |
6.8 |
| PBR |
Petroleo Brasileiro ADR Reptg 2 Ord Shs |
6.7 |
| UBB |
Unibanco Depository Receipt |
6.7 |
| ACGY |
Acergy ADR |
6.6 |
| SMS |
Sims Group ADR Representing 1 Ord Shs |
6.6 |
| AWC |
Alumina Ltd Depository Receipt |
6.5 |
| CNX |
CONSOL Energy Inc |
6.4 |
| CF |
CF Industries Holdings Inc |
6.4 |
| ATW |
Atwood Oceanics Inc |
6.3 |
| RDC |
Rowan Companies Inc |
6.3 |
| CXO |
Concho Resources Inc |
6.3 |
| HERO |
Hercules Offshore Inc |
6.2 |
| TX |
Ternium SA |
6.2 |
| GDP |
Goodrich Petroleum Corp |
6.2 |
| UPL |
Ultra Petroleum Corp |
6.2 |
| NETC |
Net Servicos de Comunicacao ADR |
6.1 |
| OII |
Oceaneering International Inc |
6.1 |
| SWN |
Southwestern Energy Co |
6.1 |
| KWK |
Quicksilver Resources Inc |
6.1 |
| NUE |
Nucor Corp |
6.1 |
