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November 2010 NYSE Winners
The biggest winners in November 2010 on the NYSE covered a wide spectrum of different S&P sectors, including industrials, technology, retail and materials. Investors who were either skilled or lucky enough to own these winners might want to cash out some profits as the market remains volatile.
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The Winners
Baldor Electric (NYSE:BEZ) was the best-performing stock on the NYSE in November, 2010, finishing the month up by 50%. The company is being purchased by ABB Ltd. (NYSE:ABB) in a deal worth $4.2 billion. ABB Ltd. is a Swiss company looking to expand into the motors and drives business in the North American market.
Camelot Information Systems (NYSE:CIS) went public in July, 2010, at $11 per share in an initial public offering that was considered disappointing at the time. The company is based in China and is involved in the enterprise applications space. Investors are expecting much growth out of the company over the next five years and have bid up the stock sharply since that time.
The company ended up by 42% in November.
J Crew Group (NYSE:JCG) was up 36% in November, and was also the beneficiary of buyout activity, as TPG Capital and Leonard Green & Partners, L.P, two private equity firms, are taking the company private. The two firms agreed to pay $43.50 per share, a 29% premium and making the deal worth $3 billion. It may be just the right time for J Crew to go private, as the company recently cut its earnings outlook for the year and reported cost pressures on raw materials and labor.
Although gold has gotten most of the publicity and attention from investors, silver has also soared higher with the metal hitting a 30 year high near $29 an ounce in early November, 2010. Hecla Mining (NYSE:HL) has also soared and gained 39% during the month, and the stock has more than doubled since late summer.
Investors might want to be wary as many are calling silver the latest bubble. One commissioner at the Commodity Futures Trading Commission (CFTC) said that he believed that there have been "fraudulent efforts to persuade and deviously control" the price of silver.
RPC Inc. (NYSE:RES) is an oil services company and has benefited from the development of domestic sources of oil and natural gas. The company just reported record sales and earnings for the third quarter of 2010, with management saying that "demand for our pressure pumping services continues to lead our financial results." The stock was up 33% in November.
The Bottom Line
The biggest winners on the NYSE in November, 2010 had little in common from an industry perspective, and benefited from buyout activity and earnings growth momentum. The question remains as to whether these names will make the list in December. (Buy high and sell higher. Find out if you could surf these risky waters. See Riding The Momentum Investing Wave.)
Use the Investopedia Stock Simulator to trade the stocks mentioned in this stock analysis, risk free!
IN PICTURES: Top 10 Solutions For A Big Tax Bill
The Winners
Baldor Electric (NYSE:BEZ) was the best-performing stock on the NYSE in November, 2010, finishing the month up by 50%. The company is being purchased by ABB Ltd. (NYSE:ABB) in a deal worth $4.2 billion. ABB Ltd. is a Swiss company looking to expand into the motors and drives business in the North American market.
Camelot Information Systems (NYSE:CIS) went public in July, 2010, at $11 per share in an initial public offering that was considered disappointing at the time. The company is based in China and is involved in the enterprise applications space. Investors are expecting much growth out of the company over the next five years and have bid up the stock sharply since that time.
The company ended up by 42% in November.
Although gold has gotten most of the publicity and attention from investors, silver has also soared higher with the metal hitting a 30 year high near $29 an ounce in early November, 2010. Hecla Mining (NYSE:HL) has also soared and gained 39% during the month, and the stock has more than doubled since late summer.
Investors might want to be wary as many are calling silver the latest bubble. One commissioner at the Commodity Futures Trading Commission (CFTC) said that he believed that there have been "fraudulent efforts to persuade and deviously control" the price of silver.
RPC Inc. (NYSE:RES) is an oil services company and has benefited from the development of domestic sources of oil and natural gas. The company just reported record sales and earnings for the third quarter of 2010, with management saying that "demand for our pressure pumping services continues to lead our financial results." The stock was up 33% in November.
The Bottom Line
The biggest winners on the NYSE in November, 2010 had little in common from an industry perspective, and benefited from buyout activity and earnings growth momentum. The question remains as to whether these names will make the list in December. (Buy high and sell higher. Find out if you could surf these risky waters. See Riding The Momentum Investing Wave.)
Use the Investopedia Stock Simulator to trade the stocks mentioned in this stock analysis, risk free!
by
Eric Fox
Eric J. Fox, CFA, is a freelance financial writer and has previous experience working in the asset management industry as an equity analyst and portfolio manager on the buy side. His favorite area to write on is the energy sector and he keeps current on the industry by reading Haynesville Shale, Permian Oil and Gas and various other blogs.
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