25 Momentum Stocks for the Gambler in You
Editor's note: Jon D. Markman writes a weekly column for CNBC on MSN Money that is republished here on TheStreet.com
. He's also a regular contributor to RealMoney
subscription site. If you'd like to see all of Jon Markman's RealMoney
Stock market got you down? Are all of those can't-miss financial stocks, consumer product stocks and technology stocks in your portfolio missing in action? Is your broker droning on about how he can't make you any money in this "low-volatility environment," whatever that is, and maybe you'd be interested in some municipal bonds or a certificate of deposit paying 2%? Brother, can you spare an annuity?
Well then, if you have the stomach for it, it's time to step into the casino. Throw away your cares about fiscal responsibility and enter the world of stock speculation circa 1999. This is a world where volatility is in the house, where momentum is not just another eight-letter word.Yes, let's turn to our annual end-of-October list of the stocks that have blown away the competition this year with gains of 100% or more.
Stocks for the Stretch DriveLongtime readers will recall that these stocks often do really well into year-end, then fall apart in the next calendar year. They do well in the stretch drive of the fourth quarter, apparently, because all of the portfolio managers who have scoffed at their gains all year finally wake up and smell the alpha. These babies are improvised explosive devices with lit fuses, and after the recent unpleasantness in the broader market, many appear ready to blow the pockets off short-sellers' khakis. The primary criteria for this list are that the companies must have market capitalizations greater than $50 million, prices above $2 and trading volume of more than 25,000 shares a day. Last year, that would have netted us hundreds of companies. This year, there are only 100. To make sure that we are looking at stocks that are still in uptrends and aren't round-tripping from being up 300% to flat, I have added criteria that the stocks must have been up in the past three months and the current price must be above its average price of the past 10 weeks and 50 weeks. That gets us down to 82 incredible names. The following table lists the top 15 through Oct. 24.
|Markman's Big Gainers List for 2004
These companies have little in common except huge upside moves this year
|Company||Industry||Market Cap||% Rise YTD||Oct. 25 Price||StockScouter Ranking|
|Travelzoo (TZOO:Nasdaq)||Internet||$960 million||559.2%||$65.14||3|
|Air T (AIRT:Nasdaq)||Air delivery||75 million||452.0||27.73||1|
|Cenuco (ICU:NYSE)||Education services||71 million||445.5||6.00||4|
|W.R. Grace (GRA:NYSE)||Chemicals||772 million||361.9||11.62||4|
|QSound Labs (QSND:Nasdaq)||Electronics||53 million||342.8||6.92||3|
|Terra Nitrogen (TNH:NYSE)||Chemicals||400 million||333.5||21.38||4|
|Jupitermedia (JUPM:Nasdaq)||Internet||627 million||322.6||20.31||5|
|Novatel Wireless (NVTL:Nasdaq)||Business services||583 million||305.7||24.57||5|
|Riviera Holdings (RIV:NYSE)||Casinos||72 million||288.2||21.00||5|
|Viewpoint (VWPT:Nasdaq)||Multimedia software||162 million||280.0||3.07||3|
|Kmart Holding (KMRT:Nasdaq)||Discount stores||8.1 billion||273.2||90.28||6|
|Isonics (ISON:Nasdaq)||Chemicals||76 million||270.1||3.65||3|
|Elan (ELN:NYSE ADR)||Drug delivery||9.7 billion||267.5||24.92||3|
|Vaalco Energy (VEIX:Nasdaq)||Indep. oil & gas||156 million||263.6||5.04||5|
|NitroMed (NTMD:Nasdaq)||Drug manufacturers||577 million||206.0||23.65||3|
|Source: MSN Money|
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV