Friday, December 05, 2008

Beyond a lonely 10, all stocks are down

If you look at some of these New York Times interactive charts that show relative performance of stocks within a sector, you'll notice something remarkable: all the dots on the chart for most sectors are below 0% gain for the year. In fact, in some sectors it is so bad that +% and even 0% doesn't even show up on the axis!

This made me want to run a simple screen for YTD price gain > 0. I was fully expecting to get *nothing* back! Well, it's close. There was only one company > 30B market cap whose stock made money in the past year (WalMart). For market cap > 5 billion, only 10 companies out of all the stocks in the world made positive gains. Here is the "Lonely 10" screen. What other year does only 10 stocks make money? If you try and run similar screens, be sure to filter out bond funds and UltraShort funds. Basically long equity investors got slaughtered, and most of the downward spiral occurred in the past 2 months.











Company Name Symbol 52w Price Change (%) Institutional Percent Held Market Cap
Wal-Mart Stores, Inc. WMT 11.66 38.90 214.72B
General Mills, Inc. GIS 3.87 77.14 20.55B
Rohm and Haas Company ROH 32.33 80.17 13.86B
UST Inc. UST 19.53 75.31 10.22B
Southwestern Energy Company SWN 19.79 88.90 8.34B
Nationwide Financial Services, Inc. NFS 14.43 21.78 7.04B
Barr Pharmaceuticals, Inc. BRL 18.06 77.49 6.96B
AutoZone, Inc. AZO 0.45 95.00 6.64B
People's United Financial, Inc. PBCT 7.40 69.47 5.93B
Sociedad Quimica y Minera (ADR) SQM 17.99 12.06 5.25B

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