New book by Larry Connors Click here Improve your trading - See how
The regional index, produced by D.A. Davidson & Co. investment firm, was strengthened in part by its exposure to the Pacific Northwest and Rocky Mountain region's consumer and technology markets, said company analysts. For example, Microsoft saw its stock price increase 28 percent during the quarter while Starbucks jumped 18 percent.
For the second quarter, the index showed an overall 20 percent gain, compared with the Dow Jones, which was up 11 percent in the same period. The index also outperformed the S&P 500, which was up 15 percent.
Top gainers included Dendreon Corp., up 495 percent; Lithia Motors, up 311 percent; and Coldwater Creek, up 143 percent.
"Markets overall seem to be rebounding slowly ... the broad diversification and strength of the economy in the Pacific Northwest and Rocky Mountain regions have helped the Davidson 99 outperform the Dow," said Mark Corcoran, vice president, senior private client group research. "It was a very strong comeback quarter for oversold public companies. Many stocks, which traded at all-time low valuations, have returned to reasonable levels since March," he said.
D.A. Davidson, based in Great Falls, Mont., launched the index on Jan. 1, 2004. Since then, the index has outperformed the Dow Jones and the S&P, reporting an overall loss in value of 2.2 percent, compared with the Dow Jones, which is off by more than 19.2 percent, and the S&P, down 17.3 percent.
Worst performers in the most recent quarter included Myriad Genetics, down 22 percent; Coinstar, off 18 percent; and Skywest, down 18 percent.
The index is composed of 99 stocks from companies operating within seven Northwest and Rocky Mountain states: Colorado, Idaho, Montana, Oregon, Utah, Washington and Wyoming. The securities were selected based on market capitalization, importance within their sectors and index diversification.
Among the 99 stocks are Plum Creek Timber, Blue Nile, Nautilus Group, Nordstrom, Micron, Boeing and Nike.
To see more of The Columbian, or to subscribe to the newspaper, go to http://www.columbian.com. Copyright (c) 2009, The Columbian, Vancouver, Wash. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
