What Will Be the Best Stock for 2010?
By Dan Caplinger
December 15, 2009
During 2009, finding winning stocks was like shooting fish in a barrel. But if what goes up must come down, picking next year's winners might be a lot tougher.
Among more than 4,000 stocks with market caps above $100 million that traded on major U.S. stock exchanges, more than 700 have doubled in price this year, and 84 have managed to see their prices rise 400% or more. Some of the top gainers include:
Stock
2009 YTD Return
Diedrich Coffee (Nasdaq: DDRX)
9,578%
Human Genome Sciences (Nasdaq: HGSI)
1,247%
Pier 1 (NYSE: PIR)
1,235%
Kirkland's (Nasdaq: KIRK)
615%
Teck Resources (NYSE: TCK)
551%
Dendreon (Nasdaq: DNDN)
469%
Sirius XM Radio (Nasdaq: SIRI)
411%
Source: Capital IQ, a division of Standard and Poor's. As of Dec. 14.
No encore
With those staggering numbers almost in the record books, a repeat performance of 2009 seems unlikely for most of those stocks. Still, that doesn't mean that there won't be any great stock returns in 2010.
Nevertheless, I'm not going to try to sell you on any hot predictions for next year. After all, I'm still reeling from my pick of Diedrich as the year's scariest stock. The company went on to jump another 60% in the month or so after I made that call.
How about you?
http://www.fool.com/investing/general/2009/12/15/what-will-be-the-best-stock-for-2010.aspx
Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
Wednesday, 16 December 2009
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