Today’s list of 52-week lows was still dominated by retail and consumer spending stocks, although a surprise surge from several key semiconductor names made today’s list. Some of these did end up recovering back above their respective 52-week lows. Here’s your list for today:
- Airtran (AAI)…down from a $13.09 high. $95+ Oil is a pain. Stock broke significant support at $8.00 two weeks ago so it’s in no-man’s land.
- Ann Taylor (ANN)… Is the growth story gone? If so and IF it can hit its earnings estimates then it is a hidden value stock. But with women spending less on clothes over the holidays it may just be a value trap.
- American Greeting (AM)… I started complaining about the cost of greeting cards LONG BEFORE the economy softened, and I’m not alone.
- Big Lots (BIG)…again…should say "habitual offender" on it.
- BJ’s Restaurants (BJRI)…cool brewpub, although still expensive on earnings measurement.
- Chico’s FAS (CHS)…again.
- Circuit City (CC)…needs to fire that CEO immediately.
- Liz Claiborne (LIZ)…again.
- Macy’s (M)….again.
- Marvell Tech (MRVL).. see chip stocks on 52-week lows.
- Martha Stewart Living (MSO)… Is it changing its name to "DYING"? Maybe a weak ad environment and magazine environment is even worse than we thought?
- Micron Tech (MU) turnaround still can’t turn around… see chip stocks on 52-week lows.
- Office Max (OMX)…again.
- Ralph Lauren Polo (RL)…recovered above that 52-week low but this was a surprise to see even in a weak consumer. Stock is now over $40.00 under highs.
- Sandisk (SNDK).. see chip stocks in 52-week lows.
- Starwood Hotels (HOT)… givin’ all the inheritance away may not keep young Paris happy.
- STMicro (STM)…see chip stocks on 52-week lows.
- Washington Mutual (WM)… when WA-MU changes its name to UH-OH!
- Wendy’s International (WEN)… just an expensive burger chain with a "hoped for buyout" allowing a premium, otherwise would be even lower.
- Zale Corp. (ZLC)….. I didn’t get my wife diamonds for Christmas either.
All these CEO’s have a fairly easy new year’s resolution for 2008: "I want to keep my stock from hitting 52-week lows"…….
Jon C. Ogg
December 27, 2007