Let's revisit the stocks that made new all-time high prices in the week of November 13th to see how they have performed over the past two months (these are the US stocks over $10 that were originally highlighted on the blog in
this list). Most of the 39 stocks showed gains.
SMLC (012 Smile Communications) retained its title as the biggest gainer (up 54%) as it was also in the top spot at the
one-month performance update. I've highlighted two of the top four names several times over the past couple months,
EW was up 17% and
NRGP was up 23%. The worst performer was none other than
MED (Medifast Inc; down 23%) -- the
best performing stock of the last decade, up over 16,200% (that is not a typo)!
MED sliced through its 50 day moving average and looks like it will be testing the 200 soon. Pullbacks are to be expected, but it is prudent to take notice when a leader starts rolling over like this. From the indices it is good to see small-caps leading (
SPY, up 3.9%;
QQQQ, up 4.3%;
IWM, up 8.8%;
GLD down 1%). The chart below shows how each stock performed:
Corporate Actions: LMDIA, was
split into several divisions. Marvel (
MVL) was acquired by Disney (
DIS). Both of these corporate actions were favorable for the shareholders but for the sake of simplicity I decided to show these developments as a zero percent change.
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