Stocks that Went Up when the Market Tanked
Source: http://stockerblog.blogspot.com/2008/09/stocks-that-went-up-when-market-tanked.htmlPosted on Tuesday, September 23rd, 2008 | In Current Market News, Stocks to Watch
Yesterday, Monday, September 22, the Dow Jones Industrial Average dropped over 370 points, following a previous tumultuous week for the stock market. Yet on that same day, numerous stocks were up, with many up over 10% for the day. Unless it is short covering, there may be something positive behind the stock’s movement. The following stocks were all up over 10%. They all have market caps over $500 million, and PE ratios below 20.
Synutra International, Inc. (SYUT) produces dairy based nutritional products in China. The stock was up 25.7% . The stock has a PE of 16 .
Fairfax Financial Holdings Limited (FFH) is in the property and casualty insurance and reinsurance business. The stock was up 25.5% . The stock has a PE of 3 .
United Microelectronics Corp (UMC) manufactures fabricates semiconductors and integrated circuits in Taiwan. The stock was up 14.4% . The stock has a PE of 12 and a PEG of 0.53 .
Gold Fields Limited (GFI) is in the gold mining business in South Africa, Ghana, Australia, and Peru. The stock was up 13.6% . The stock has a PE of 10 and a PEG of 3.49 .
HSN, Inc. (HSNI) sells electronics and housewares, jewelry, beauty, apparel, and other items through its television network. The stock was up 12.1% . The stock has a PE of 6 .
Pan American Silver Corp. (PAAS) explores for and develops silver copper, zinc, lead, and gold properties. The stock was up 11.5% . The stock has a PE of 18 and a PEG of 1.65 .
Madeco S.A. (MAD) manufactures flexible packaging products in Chile. The stock was up 10.7% . The stock has a PE of 18 .
Author does not own any of the above.
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Australia, casualty insurance, Chile, China, Current Market News, Dow 30, electronics, Fairfax Financial Holdings Limited, Ghana, Gold Fields Limited, Gold mining, HSN Inc., integrated circuits, Madeco S.A., nutritional products, Packaging Products, Pan American Silver Corp., Peru, Prince Edward Island, Semiconductors, South Africa, Stocks to Watch, Synutra International Inc., Taiwan, television network, United Microelectronics Corp, USD
 About Fred Fuld (http://stockerblog.com)
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