Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Markets & Finance

Sticking with the Winners


By David Braverman Momentum investing, a strategy favored by many professionals, involves buying stocks that have been strong recently. The rationale: The factors that have pushed a stock upward in a generally sloppy market will propel it forward once the overall investment climate improves.

In other words, if these stocks can consistently outperform in a terrible market, imagine what they might be able to do when the wind is finally at Wall Street's back.

With this approach in mind, we built the following screen. First, we identified the 50 stocks in the S&P 500 with the best

total returns for the three months ended January 31, 2002. From that group of 50, we then selected those 10 stocks with the greatest improvement in returns for the 12 months ended January 31, 2002, when compared to the 12 months ended January 31, 2001.

These 10 stocks emerged:

Apple Computer (AAPL)

Circuit City (CC)

Freeport McMoran Copper & Gold (FCX)

H&R Block (HRB)

KLA Tencor (KLAC)

Nordstrom (JWN)

Novell (NOVL)

Nucor (NUE)

U.S. Steel (X)

Xerox (XRX) Braverman is senior investment officer for Standard & Poor's


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus