Let's revisit the stocks that made new all-time high prices in the week of November 6th to see how they have performed in about 5 weeks. As usual, I took the US stocks over $10 that were originally highlighted on the blog in
this list, and compared their closing price on Friday, November 6 to the closing price yesterday, December 14th. Most of the 32 stocks showed gains, and only four declined more than 5%. The best performer was
SMLC (Solera Holdings Inc), which gained 26.5%, while
MED (Medifast Inc) and
NRGP (Inergy Holdings LP) were next in line. The chart below shows how each stock performed, and how the indices (
SPY and
QQQQ) and Gold (
GLD) compared. As you can see, this distribution favors gainers over losers, probably more than any of the performance recaps on the blog so far. It is a positive sign that leading stocks are holding up well in a market that has been range-bound for most of these 5 weeks.
AMZN, an important market leader, stayed in positive territory with a gain on par with the indexes.
On average, the all-time highs returned a 4.8% gain, and half returned more than 4.3%. During the same time period both
SPY (up 4.4%) and
QQQQ (up 4.6%) did about the same as the average of the all-time high list. This is, perhaps, a slight shift from what we've seen recently, where the indexes tended to outperform in the recent performance recaps (e.g.,
here and
here). The worst performances were from
PEET (Peet's Coffee Tea Inc) at -15.9% and
DGICB (Donegal Group Inc) at -15.4%.
Two companies were subject to special circumstances.
HSR (Hi Shear Technology Corp) was
part of a merger, and
LMDIA (Liberty Media Corp) was
split into several divisions. For the sake of simplicity I decided to shown them in this analysis as a zero percent change.
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