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Top 10 stocks of 2013. Introduction. While many were predicting a positive year for stocks, the speed of the gains has taken Wall Street by surprise. Add dividends to the S&P 500's rise and the total return for the first half is 13.8%. Beaten-down names rebound
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Introduction • While many were predicting a positive year for stocks, the speed of the gains has taken Wall Street by surprise. • Add dividends to the S&P 500's rise and the total return for the first half is 13.8%. • Beaten-down names rebound • A look at the best performers in the flagship Standard & Poor's 500 Index ($INX) finds that many of the top performers in the first half of 2013 were stocks that investors had essentially left for dead in the past year or two.
Top 10 Stocks • No. 1: Best Buy • Ticker: BBY • Sector: Consumer electronics stores • Year to date: 130.6% • Best Buy revenue is stuck, and the company has few growth prospects in an era of low-margin electronics, e-commerce competition and digital content upending the need for in-store DVD and CD sales.
Top 10 Stocks cont… • No. 2: Netflix • Ticker: NFLX • Sector: Streaming media • Year to date: 128% • Netflix posted a surprise profit to start 2013.The stock closed the first half of 2013 at $211.09 per share.
Top 10 Stocks cont… • No. 3: Micron Technology • Ticker: MU • Sector: Semiconductors • Year to date: 126% • Micron remains under pressure, the company did manage to cut costs and project future stability based on efficiencies alone.
Top 10 Stocks cont… • No. 4: Hewlett-Packard • Ticker: HPQ • Sector: Computer systems • Year to date: 74% • Hewlett-Packard has been cutting costs and focusing on enterprise hardware and software.
Top 10 Stocks cont… • No. 5: Advanced Micro Devices • Ticker: AMD • Sector: Personal computer and server microprocessors • Year to date: 70% • Advanced Micro Devices has tacked on significant gains since January,.
Top 10 Stocks cont… • No. 6: GameStop • Ticker: GME • Sector: Video game sales • Year to date: 67.5% • There has been favorable news for the company, including next-generation video game consoles coming to market, a development that generates enthusiasm among gamers.
Top 10 Stocks cont… • No. 7: Boston Scientific • Ticker: BSX • Sector: Medical devices • Year to date: 61.8% • Boston Scientific sells medical devices, traditionally implantable heart-disease treatments like defibrillators and pacemakers. With baby boomers aging and chronic heart disease a big problem in the
Top 10 Stocks cont… • No. 8: Life Technologies • Ticker: LIFE • Sector: Diagnostics, research • Year to date: 50.9% • Life Technologies is an industrial and life-sciences company focused on food- and water-safety testing, among other things.
Top 10 Stocks cont… • No. 9: CME Group • Ticker: CME • Sector: Financial exchange • Year to date: 49.9% • As economic activity improves and investors start to get "risk on," activity will heat up on the CME, and so will profits for the company. At least, that was the thinking behind the big run-up in CME shares over the past six months.
Top 10 Stocks cont… • No. 10: H&R Block • Ticker: HRB • Sector: Tax preparation • Year to date: 49.4% • H&R Block is a highly seasonal & highly cyclical business.