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...

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7 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

6 weeks ago

RM47mil KWSG contributions still unclaimed

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

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Ra ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

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

Melbourne Rising Media Launch
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into b ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

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

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dew ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 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, Dat ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

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

INDIA-CHINA-DIPLOMACY-TRADE
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 states la ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

6 weeks ago

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

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

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

 
Update
3

7 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

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

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

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

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Sc ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 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 Sk ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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