7 Stocks That Dodged August's Bearish Bullet

American Express Company (NYSE:AXP) and Lululemon Athletica inc. (NASDAQ:LULU) were just two names that managed to buck last month's bearish trend

Sep 1, 2015 at 11:29 AM
facebook X logo linkedin


August marked a dismal time for the broader equities market, with the three major indexes notching their biggest monthly losses in year. However, not everyone succumbed to the sell-off, with names such as American Express Company (NYSE:AXP) and Lululemon Athletica inc. (NASDAQ:LULU) managing to buck the bearish trend. Here's a quick roundup of seven stocks that took the high road during the broad-market slump -- and how they're performing today, despite a disastrous start to a historically bearish September.

Credit card issue AXP, for instance, closed out August with a 0.9% gain -- the sole Dow component to end the month in the green. Longer term, though, the stock has been charting a path steadily lower, down 20% year-to-date amid pressure from its 160-day moving average. Today, the equity is widening this deficit, shedding 2.7% to trade at $74.64.

Yoga apparel maker LULU tacked on 1.8% last month. This positive price action is just more of the same for a security that's up 13.8% in 2015. Although the equity is succumbing to broad-market headwinds today -- down 0.9% at $63.46 -- a repeat performance in September could shake some of the weaker bearish hands loose. Short interest accounts for 19% of the stock's available float, representing nearly three weeks' worth of pent-up buying demand.

Amid a volatile month in the commodities market, mining magnate Cliffs Natural Resources Inc (NYSE:CLF) managed to rally 57.5%. However, this upside stalled out near the equity's 80-day moving average -- a trendline that has had a big hand in ushering the shares to a 73% year-over-year deficit. Today, CLF is off 2.5% at $3.87.

It's been an uphill battle for 3-D printing firm 3D Systems Corporation (NYSE:DDD), and thanks to a 4.3% pop in August, the stock pared its year-to-date deficit to 58%. In spite of this, DDD can't escape today's broad-market bloodbath, and was last seen 3.1% lower at $13.31.

To the dismay of Bill Ackman, nutritional supplements specialist Herbalife Ltd. (NYSE:HLF) rallied 14% last month, bringing its 2015 advance to nearly 53%. What's more, the shares topped out at an annual high of $61.95 along the way. This morning, HLF is off 3.5% at $55.53, but has found a foothold near $55-to-$55.50 -- an area that served as resistance in early July.

Department store chain J C Penney Company Inc (NYSE:JCP) took a wild ride in August, falling to a low of $7.21, and closing out the month north of $9. After all was said and done, the security was up nearly 11%. JCP is continuing this outperformance today, last seen 2.6% higher at $9.35.

Despite bottoming at a 20-year low, oil-and-gas issue Transocean LTD (NYSE:RIG) popped 7.3% last month. This rally was quickly halted near its 50-day moving average -- a trendline that has helped usher the shares lower in recent months. Longer term, RIG has shed roughly one-quarter of its value in 2015, and is down 3.2% today at $13.77, as crude oil resumes its downtrend.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI