Tuesday, September 23, 2008

Stocks that Went Up when the Market Tanked

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.

By Stockerblog.com

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