The market is entering a shaky period, but it is still way up for the year. As you usually see, many stocks are actually at new 52-week lows. Imagine how these would be doing in a really bad stock market! We have thrown in some color on Apollo Group Inc. (NASDAQ: APOL), Bank of America Corporation (NYSE: BAC), Cisco Systems Inc. (NASDAQ: CSCO), Dean Foods Company (NYSE: DF), Suntech Power Holdings Co. Ltd. (NYSE: STP), Winn-Dixie Stores Inc. (NASDAQ: WINN) and Supervalu Inc. (NYSE: SVU).
Apollo Group Inc. (NASDAQ: APOL) shares have slid and slid, and convincing any investors that a value proposition is there is not possible at the moment. Shares closed down 0.87% at $34.00 after a $33.75 low on the day; the new 52-week range is $33.75 to $66.69.
Bank of America Corporation (NYSE: BAC) closed down 3% at $10.97, but it hit a new 52-week low of $10.91 today versus a high of $19.86.
Cisco Systems Inc. (NASDAQ: CSCO) is getting cheaper and cheaper for our “stocks to hold for the next decade” after John Chambers gave a much more stark outlook with earnings guidance in recent weeks. The weakness here has yet to end. Shares closed down 1.4% at $19.16; its new 52-week low is $19.13 versus a high of $27.74.
Dean Foods Company (NYSE: DF) needs pasteurization or something new soon. Shares closed down 1.25 at $7.26. That is at least ten cents above its new low but the new 52-week trading range is $7.16 to $18.79.
Suntech Power Holdings Co. Ltd. (NYSE: STP) can’t find any love. Shares closed down 1.8% at $7.14 and the new 52-week range is $7.05 to $18.78.
Winn-Dixie Stores Inc. (NASDAQ: WINN) and Supervalu Inc. (NYSE: SVU) are both on the wall of shame. Winn Dixie shares closed down 4.7% at $6.08, but shares hit a low of $5.95 and the new 52-week range is $5.95 to $13.90. Supervalu Inc. (NYSE: SVU) hit a new low today, but buyers bid it up after after this one has fallen and fallen. Shares closed up 2.7% at $9.04 but the new 52-week is $8.62 to $17.89.
JON C. OGG
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