Sharks do not get cancer, so scientists who are interested in understanding the dynamics of cancer say the study of sharks may be rewarding. Similarly, looking at stocks doing well in a sour market can sometimes yield insights. One might get a clue to the market’s future leaders or discover individual stocks worth buying. Of 1,665 US stocks with a market value of US $500M or more, 117 have gained 20% or more this year.
The best gainer through Feb. 11, excluding stocks with tiny trading volumes, was Advanced Medical Optics Inc., up 231% on a takeover offer from Abbott Labs. It’s no coincidence that there a good gainers are in the health-care field since health care is traditionally a defensive sector during recessions and bear markets, and it is playing that role once again.
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