We’ve had essentially a 500 point rally in the DJIA in just the last two days and oil is starting to lose its mo-mo.  Yet some companies just refuse to participate in the rally because of news, and many look like they were caught in a mid-city explosion (hence the image). 

Regardless of how the market does you can always count on many news-driven or sector driven events causing new lows.  One thing is for sure during a weak economy and during choppy earnings, there will be many more stocks in the coming weeks hitting 52-week lows.  Some will continue hitting new lows over and over.

Below are some of the companies whose stocks hit new 52-week lows today:

• AT&T Inc. (NYSE: T)
• Coca Cola Enterprises (NYSE: CCE)
• Champion Enterprises (NYSE: CHB)
• eBay Inc. (NASDAQ: EBAY)
• Georgia Gulf (NYSE: GGC)
• Global Industries (NASDAQ: GLBL)
• International Game Tech (NYSE: IGT)
• Plains All American LP (NYSE: PAA)
• Reliant Energy Inc. (NYSE: RRI)
• Semgroup Energy Partners (NASDAQ: SGLP)
• Textron Inc. (NYSE: TXT)
• ValueClick Inc. (NASDAQ: VCLK)

As a reminder, not all of these have closed on fresh 52-week lows butthese were among the more active stocks today that hit fresh lows overthe last year.

Jon C. Ogg
July 17, 2008

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