52-Week Low Club (AXP, COF, NILE, CLX, RDEN, FDX, HOG, ISRG, KF, MSCC, PII, RAX, RNWK, STX)

Today’s market looked more like an advanced yo-yo session rather than a regular stock market trading day.  Since stocks gapped down so much, there were many new names on the list of 52-week lows.  What is interesting is that many other stocks hit 52-week lows but bounced back to being positive on the day.

• American Express (NYSE: AXP) and Capital One (NYSE: COF) both graced the list of lows as GE’s consumer losses only added fuel to the fire.
• Blue Nile Inc. (NASDAQ: NILE) tankola, again.  Forget Valentine’s Day this year.
• Clorox Co. (NYSE: CLX) burns investors’ eyes as bad as it burns its client’s eyes.
• Elizabeth Arden (NASDAQ: RDEN) keeps falling after the bad news from it and its peers over the last week and a half.  Brittney Spears can’t help.
• FedEx Corp. (NYSE: FDX) keeps dropping. 
• Harley Davidson (NYSE: HOG) caught another case of HAGS and is believed to be in trouble all year after earnings.
• Intuitive Surgical (NASDAQ: ISRG) keeps getting pounded.  Down close to 70% from highs now.  Leonardo DaVinci would now sue over the use of his name.
• The Korea Fund (NYSE: KF) was down almost 7%.  We don’t like to put country funds or ETF’s today, but that Kim Chee from last night just didn’t sit well today.
• Microsemi (NASDAQ: MSCC) on earnings warning.
• Polaris Industries (NYSE: PII)… weak HOG sales from Harley, weak motorcycle and snowmobile relative?  Works every time.
• Rackspace Hosting (NYSE: RAX)… Racking the Rackers, in the server room….
• RealNetworks (NASDAQ: RNWK), a surprise but think of peers.  And when was the last time you bought anything from them?
• Seagate Technology (NYSE: STX) again… with the earnings it put up this week, you can call it Floodgate.

Jon C. Ogg
January 23, 2009

The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%¹ today. Checking accounts are even worse.

But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

¹ https://www.fdic.gov/national-rates-and-rate-caps