Stocks that Went Up when the Market Tanked
Fred Fuld (September 23rd, 2008) Writes:
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% . ...
Tags for this Post:
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
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


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