Nokia (NYSE:NOK) and Sirius (NASDAQ:SIRI) scoring top gains in 2H 2012
After a benign first half of 2012, Hurricane Sandy and drought in the US during the second half of the year would cause total economic losses from disasters of at least USD 140 billion.
Hurricane Sandy and drought in the U.S. during the second half of 2012 woud result in total economic losses from disasters of at least $140 billion. The total insured losses from natural catastrophes and man-made disasters of the year are set to reach about $65 billion.
The total is moderate versus 2011, which saw historic insured losses of more than $120 billion due to record earthquakes and flooding, but is more than the average of the last 10 years, according to Swiss Re.
Stocks, the leading indicator of economic happenings, bounced back from early losses on Thursday Republican House Speaker John Boehner expressed hopefulness in an afternoon news conference about reaching a budget agreement with President Barack Obama. This was yesterday.
Going back further, after the first half this year a number of stocks continued to maintain rally albeit difficult economic situation in the country. For now, we tracked large-cap companies that have recorded best gains from June 21 to Dec, 20 (6-month performance).
Cemex SAB de CV (ADR) (NYSE:CX) is on the top of the winners list with a 6-month performance (starting June 21 to Dec, 20) of 92.47%. The stock, as of last close, traded 110.90% up from its 52 week low and recently topped its 52 week high. Its latest closing price was 32.58% above the SMA200 while the distance from SMA 50 and SMA 20 was 10.68% and 9.17% respectively.
Lloyds Banking Group PLC (ADR) (NYSE:LYG) has shown an uptrend of 67.53% in the same period with a monthly performance of +12.46% and 3-month performance up 28.46%. Its latest closing price was 46.95% up from an average-price of 200 days while it maintained a distance from the SMA 50 at +15.98% and +8.66% compared with the SMA 20. The stock was up 127.27% from the 52 week low and marked new 52 week high.
The 6-month performance of Nokia Corporation (ADR) (NYSE:NOK) stands at +67.20% with a gain of 44.64% in the last three months and +0.24% in the previous twelve months. Its price, as of the latest close, was 156.44% up from the 52 week low and was -23.09% below the 52 week high. Its latest closing price was +36.29% up from an average-price of 200 days while it kept its distance from the SMA 50 at +35.55% and +15.02% compared with the SMA 20.
Sirius XM Radio Inc (NASDAQ:SIRI) so far in past six months moved up 58.20% and its monthly performance stands at +9.93%. The stock was up +70.81% from the 52 week low and was -0.66% below the 52 week high. Its latest closing price was 28.74% up from an average-price of 200 days while it kept its distance from the SMA 50 at +9.00% and +8.67% compared with the SMA 20.