The Rally Tally
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The S&P 500 has climbed more than 68% since bottoming last March, the biggest 12-month gain since 1936. Share prices more than doubled for 205 companies—including Genworth Financial, which rose to more than $16, from a low of 84 cents. Ten companies have the dubious distinction of losing value over the past year (table, right).
Is there hope the rally still has legs? Among S&P 500 companies, the stocks of 456 are trading at 10% or more below their all-time highs, including Berkshire Hathaway, Alcoa, Tenet Healthcare, and Halliburton. Meanwhile, two dozen or so are at or near record highs, such as Apple, General Mills, Estée Lauder, and Ross Stores.