Top Buy and Sell Ideas Based on 2nd Quarter Consumer Sector Winners and Losers
Ganaxi Small Cap Movers submits:
The Consumer Discretionary Select Sector SPDR Fund (XLY) and the Consumer Staples Select Sector SPDR Fund (XLP) were up 3.0% and 4.4% respectively during the June 2011 quarter, while the S&P 500 was down half a percent. Of the approximately 500 stocks in the consumer sector, 70 stocks trading above $1 at closing on June 30th went down more than 25% during the quarter and another 30 went up more than 25% during the quarter (see Table). These 100 stocks were analyzed to determine if they would continue in the same direction, or if they would reverse their moves going forward. The following are the best buy and sell ideas based on that analysis.
Sell Sirius XM Radio Inc. (SIRI)
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SIRI provides over 135 digital-quality satellite radio channels to over 20 million subscribers in the U.S. and Canada. The stock has rallied almost 50-fold from a 5.2c low in earlyComplete Story »
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