This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Best-Performing S&P 500 Stocks of 2011

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

7. Biogen Idec (BIIB - Get Report)

Company Profile: Biogen Idec is a biotechnology company, developing drugs for neurological disorders.

2011 Total Return: 35.2%

Current Share Price: $90.67 (Aug. 25)

Approval of a five-year marketing plan for multiple-sclerosis drug Tysabri in Europe and a positive study for Avonex, another MS treatment, have impressed Biogen's investors. Biogen's treatments have been delivering solid sales growth. The stock rocketed higher in April on first-quarter results and again in July on second-quarter earnings and sales, pushing to a 52-week high of $110.

Analysts are calling for upside of nearly 25%, based on an average price target of $114.80. Fourteen analysts, including those at RBC Capital and Oppenheimer, say Biogen is a "buy." Another 10, including Goldman Sachs and R.W. Baird, say investors should sit tight. Only one firm recommends selling shares of Biogen.






6. AutoNation (AN - Get Report)

Company Profile: AutoNation is the largest auto-dealership chain in the U.S. The company offers a range of automotive products and services, including new vehicles, used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products.

2011 Total Return: 35.9%

Current Share Price: $38.32 (Aug. 25)

Shares of AutoNation sit near an all-time high, but the stock is actually among the S&P 500 constituents with the largest negative gap between share price and analyst targets. According to a survey by Bloomberg, analysts have an average price target of $32.50, 17% below current levels. Most analysts are neutral or bearish on the stock; AutoNation garners no "buy" ratings from the 14 analysts following the stock.

Despite the dour view of analysts, AutoNation continues to perform. Second-quarter revenue increased nearly 8%, although that fell short of estimates due to shortages from Japanese manufacturers following the tsunami and earthquake.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AN $64.80 0.00%
BIIB $401.71 0.00%
CMG $637.50 0.00%
COG $33.03 0.00%
LO $70.81 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs