360° Coverage : Yo-Yo Stocks: Netflix, Facebook Bounced Back In May

10 Updates

Yo-Yo Stocks: Netflix, Facebook Bounced Back In May

May 30 2014, 2:49pm CDT | by

The first five months have felt like tough sledding in the equity markets and yet the S&P 500 wraps up May sitting at all-time highs. It has been a grind moving to those levels though, and some...

Filed under: news

 
 
 

8 weeks ago

Yo-Yo Stocks: Netflix, Facebook Bounced Back In May

May 30 2014, 2:49pm CDT | by

The first five months have felt like tough sledding in the equity markets and yet the S&P 500 wraps up May sitting at all-time highs. It has been a grind moving to those levels though, and some widely-followed stocks have illustrated the market swings.

Bespoke Investment Group points out Friday that even as volatility measures like the VIX have been downright docile this year, plenty of stocks have experienced significant swings. Momentum” stocks have been at the fore of what limited volatility there has been, and Bespoke highlighted a few dozen that bore the brunt of the market’s stumble starting in early March that have bounced back since the beginning of May. (See “Goldman Warns Growth Chasers The Party Won’t Last Forever.”)

Netflix is one of 51 stocks in the S&P 1500 index identified by Bespoke that have rebounded at least 10% since May 8 on the heels of a decline greater than 10% starting with the March 6 downdraft (see table below). The video streaming service is up 28% over the former period after falling 29% during the latter, and had just four losing days in May.

Another name on Bespoke’s list is Facebook, which fell almost 20% from March 6 to May 8, but has perked up to the tune of a 10.5% gain since. Priceline.com meanwhile, is up 15% since May 8, following a 19% slide in the prior two months.

Not all of the companies that fit the mold are high-fliers. Barnes & Noble has caught a 12% bounce after falling 23%, while Rubicon Technology has recovered 18% but still sits sharply below its 50-day moving average because of its earlier 51% drop.

Few companies mentioned by Bespoke note illustrate the point more than Rackspace Hosting. The provider of cloud computing services dropped nearly 30% over the early March-early May period, before rallying back 36%.

According to Bespoke stocks like Rackspace could be prime targets for fresh pullbacks if markets turn south, with May gains pushing them back above 50-day moving averages. Such moving averages can often act like magnets for stretches of time, especially when stocks are ping-ponging above and below those technical levels.

On the flipside, stocks that have made comebacks but still sit below their 50-day — names on the list like clinical data software firm Medidata Solutions and surplus marketplace Liquidity Services — could be in the midst of a bounce with longer legs, though both declined Friday to finish May with a losing session.

Follow @SchaeferStreet

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was to ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was bro ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammuddin Hu ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern s ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Ministe ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

8 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

8 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramada ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

8 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway (Kidex) ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Ebola outbreak: $100 mn response plan in West Africa
Geneva, Aug 1 (IANS) The director-general of the World Health Organisation (WHO) and presidents of West African countries hit by the Ebola virus outbreak will Friday meet in Guinea to launch a new $100 million response plan.
 
 
OPEC daily basket price closes lower
Vienna, July 31 (IANS) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood at $105.21 a barrel Wednesday, against $105.44 Tuesday, according to the OPEC Secretariat.
 
 
Ebola outbreak not a global threat: Report
London, July 31 (IANS) The deadly Ebola virus does not pose a global threat, a latest report has claimed, adding that as long as the virus continues to infect people in Liberia, Guinea and Sierra Leone, there is small risk of more long-distance export of the disease.
 
 
Getting chatty with meow chat
New York, July 31 (IANS) A new chat app is on the prowl, stalking users on social networks like a cat.
 
 
 

Latest from the Network

Commonwealth Games medals tally
Glasgow, Aug 1 (IANS) England are leading medals table with 44 gold, 40 silver and 39 bronze in the 20th Commonwealth Games. India are now fifth with a tally of 47 medals, including 13 gold, 20 silver and 14 bronze....
Read more on Sport Balla
 
Marsh, Hooper not moving in together
London, Aug 1 (IANS) Actress Kym Marsh and her boyfriend Dan Hooper are not planning to move in together, says the actress' spokesman. "Kym and Dan have no plans to move in together," eonline.com quoted the spokesman...
Read more on Celebrity Balla
 
Indian medal winners at the 2014 Commonwealth Games
Glasgow, Aug 1 (IANS) The following is the list of Indian medal winners at the 2014 Commonwealth Games here: Gold: Sanjita Khumukchan: women's 48 kg weightlifting Sukhen Dey: men's 56 kg weightlifting Abhinav Bindra:...
Read more on Sport Balla
 
Zoe Saldana is a 'bad influence' on sisters
Zoe Saldana claims she is a ''bad influence'' on her sisters, Mariel and Cisley. The 36-year-old actress, who is reportedly expecting twins with husband Marco Perego, admits she has ''almost 10'' hidden tattoos on her...
Read more on Celebrity Balla
 
Kylie Jenner gets new Range Rover for birthday
Kylie Jenner has got a new Range Rover ahead of her birthday. The 16-year-old reality TV star - who will turn 17 on August 10 - shared a photograph of the expensive black vehicle, believed to have been a gift from her...
Read more on Celebrity Balla
 
Ne-Yo sues accountant for $8 million
Ne-Yo is suing his former accountant for $8 million. The 'Closer' hitmaker, real name Shaffer Smith, has filed a new lawsuit against his one-time ''manager, confidant, trusted adviser and friend'' Kevin Foster in...
Read more on Celebrity Balla
 
Brad Pitt and Angelina Jolie exchanged love letters
Brad Pitt and Angelina Jolie exchanged romantic love letters when they were forced to be apart last year. The 39-year-old actress, who has six children, Maddox, 13, Pax, 10, Zahara, nine, Shiloh, eight, and five-year-...
Read more on Celebrity Balla
 
Perfect day for Indian shuttlers at CWG
Glasgow, Aug 1 (IANS) Indian shuttlers had a perfect day at the Commonwealth Games as all of them won their respective Round of 16 matches to proceed to the quarter-finals at the Emirates Arena here Thursday. To start...
Read more on Sport Balla
 
Tintu fails to qualify for women's 800m final
Glasgow, Aug 1 (IANS) Indian athlete Tintu Luka failed to qualify for the women's 800 metres final at the Commonwealth Games here Thursday. The 25-year-old could only manage to finish seventh out of eight competitors...
Read more on Sport Balla
 
Apple TV Release Pushed Back to 2015
The consumers will not get new Apple TV in this year, as a new report claims that the debut of the specific device has been delayed until 2015.According to Mac Rumors, the news has been published by the Information,...
Read more on Apple Balla