Since the broad market hit its most recent highs on April 23, the S&P 500, as measured by the SPDR S&P 500 ETF (NYSE: SPY), has fallen by close to 12%. It's the first full-blown, by-the-numbers correction for equities since last March's market bottom (by most definitions a market correction is defined by a pullback of 10% or more from previous highs). Other broad market indexes are also in the red. The Nasdaq has lost nearly 13%, and the Dow Jones Industrial Average is off about 10.5%.

IN PICTURES: 20 Tools For Building Up Your Portfolio

Yet a great many stocks have powered forward since the April top, tacking on 30% or more since then. Here are three such standouts - companies that have scorned the general market on their way to recent gains:

Nickel And Diming Their Profits

Coinstar (Nasdaq: CSTR) is up nearly 55% since the latest correction began and over 83% in the last quarter. Coinstar reported earnings per share of 21 cents in the latest quarter, against Wall Street analyst expectations of just 13 cents. The company also raised guidance for the coming quarter and full year 2010.

Coinstar is in the business of providing automated retail solutions, predominantly for the sale and rental of movies on DVD. The company also provides self-service, coin-counting kiosks and money-transfer services. The company has over 95,000 machines operating across the U.S. in supermarkets, drug and convenience stores.

Soft Takeover

Sybase (NYSE: SY) offers consumers a variety of software applications to manage and encrypt data as well as mobile messaging capabilities. The company's shares have risen better than 40% in the last month after a takeover bid by German software giant SAP AG (NYSE: SAP) was accepted by the company's board of directors.

In the last year, Sybase shares have gained 95%.

Healthy Buyout

Odyssey HealthCare (Nasdaq: ODSY) shareholders were also the beneficiaries of a recent takeover bid. The company's stock rose better than 35% in the last month's trade after Gentiva Health Services (Nasdaq: GTIV) proposed a $27 per share cash offer for the company. A number of lawsuits are pending in this case.

The Wrap

Even a down market can produce great individual stocks. Outsized earnings surprises and takeover bids are just two means by which shareholders can profit handsomely "against the tide". (Use these seven steps to discover a takeover before the rest of the market catches on. Refer to Pinpoint Takeovers First.)

Use the Investopedia Stock Simulator to trade the stocks mentioned in this stock analysis, risk free!

Related Articles
  1. Chart Advisor

    Watch This ETF For Signs Of A Reversal (BCX)

    Trying to determine if the commodity markets are ready for a bounce? Take a look at the analysis of this ETF to find out if now is the time to buy.
  2. Investing News

    What You Can Learn from Carl Icahn's Mistakes

    Carl Icahn has been a stellar performer in the investment world for decades, but following his lead these days could be dangerous.
  3. Mutual Funds & ETFs

    ETFs Can Be Safe Investments, If Used Correctly

    Learn about how ETFs can be a safe investment option if you know which funds to choose, including the basics of both indexed and leveraged ETFs.
  4. Mutual Funds & ETFs

    The Top 5 Large Cap Core ETFs for 2016 (VUG, SPLV)

    Look out for these five ETFs in 2016, and learn why investors should closely watch how the Federal Reserve moves heading into the new year.
  5. Economics

    India: Why it Might Pay to Be Bullish Right Now

    Many investors are bullish on India for all the right reasons. Does it present an investing opportunity?
  6. Stock Analysis

    Analyzing Altria's Return on Equity (ROE) (MO)

    Learn about Altria Group's return on equity (ROE) and analyze net profit margin, asset turnover and financial leverage to determine what is causing its high ROE.
  7. Investing Basics

    Building My Portfolio with BlackRock ETFs and Mutual Funds (ITOT, IXUS)

    Find out how to construct the ideal investment portfolio utilizing BlackRock's tools, resources and its popular low-cost exchange-traded funds (ETFs).
  8. Investing News

    Icahn's Bet on Cheniere Energy: Should You Follow?

    Investing legend Carl Icahn continues to lose money on Cheniere Energy, but he's increasing his stake. Should you follow his lead?
  9. Stock Analysis

    Analyzing Google's Return on Equity (ROE) (GOOGL)

    Learn about Alphabet's return on equity. How has its ROE changed over time, how does it compare to its peers and what factors are driving ROE for the company?
  10. Investing News

    Is Buffett's Bet on Oil Right for You? (XOM, PSX)

    Oil stocks are getting trounced, but Warren Buffett still likes one of them. Should you follow the leader?
RELATED FAQS
  1. Should mutual funds be subject to more regulation?

    Mutual funds, when compared to other types of pooled investments such as hedge funds, have very strict regulations. In fact, ... Read Full Answer >>
  2. Do ETFs pay capital gains?

    Exchange-traded funds (ETFs) can generate capital gains that are transferred to shareholders, typically once a year, triggering ... Read Full Answer >>
  3. How do real estate hedge funds work?

    A hedge fund is a type of investment vehicle and business structure that aggregates capital from multiple investors and invests ... Read Full Answer >>
  4. Are Vanguard ETFs commission-free?

    While some Vanguard exchange-traded funds (ETFs) are available commission-free from third-party brokers, a large portion ... Read Full Answer >>
  5. Do Vanguard ETFs require a minimum investment?

    Vanguard completely waives any U.S. dollar minimum amounts to buy its exchange-traded funds (ETFs), and the minimum ETF investment ... Read Full Answer >>
  6. Can mutual fund expense ratios be negative?

    Mutual fund expense ratios cannot be negative. An expense ratio is the sum total of all fees charged by an asset management ... Read Full Answer >>
COMPANIES IN THIS ARTICLE
Trading Center