Momentum Wrap – 2013 Started With Fireworks

• Posted by Ivanhoff
• on January 2nd, 2013

New Highs

163 All-Time Highs among stocks that gained 1% or more. Some of the more liquid big gainers include: POL AEGR DDD STZ ASH MD DORM CP TRS EQIX

520 stocks reached new 52-week highs while gaining 1%+ today.  2/3 of them finished above their opening print. Some of the notable movers include:

• After underperforming in December, U.S. based companies dominated the 52-week high list on Wednesday – side effect of the budget deal

• Staffing and outsourcing agencies continue to shine. Big trend from 2012. $ASGN $TMH

• Property and Casualty insurers keep making new highs, even the big dog Berkshire Hathaway: $BRK.B $HMN $MHLD $EIG

• Small cap Regional banks were strong too: $OKSB  $WSBC $CPF

StockTwits 50 Notables

• It was a “Gap town” all over the place. A bunch of new multi-year highs. Some of them: $ASGN $POL $DDD $LNN $DPZ $EBAY

• New all-time highs for $TSM. Apple has already requested Taiwan Semiconductor Manufacturing Company  to produce its next-generation A6X processors, reports the Taiwanese financial newspaper Commercial Times.

• Retailers and Consumer discretionary stocks were notably weak. $LULU and $KORS were among the worst performers on the list

• $LNKD was the first St50 stock to turn red in the morning and it proceeded to weaken later in the day

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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