How Q1's High-Fliers Are Doing
By TradersHuddle:It is often said that past performance is no guarantee of future results, but that statement often applies to longer time horizons. No stock moves up in a straight line, though most well known large-caps that are behaving bullishly are able to do so for weeks, months and sometimes longer if for no other reasons than that they have substantial institutional support and garner of plenty of headlines from the mainstream financial press.Institutional support and popularity aside, some of 2012's first-quarter studs have sputtered to start the second quarter for a variety of reasons. Let's look at a few here.
Bank of America (BAC):
Perhaps the most controversial bank in America, and if it's not, it's in the top-three, Bank of America was the best-performing stock in the Dow Jones Industrial Average in the first quarter with a gain of roughly 70%. That run up was fueled by investorsComplete Story »