Bull or Bust

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1,000 Stocks Hit 52-Week Lows

Over 1,000 Stocks On The NYSE Just Hit 52-Week Lows

1:53 pm ET January 20, 2016
Market sentiment has officially turned negative. Ok, more doom and gloom. Here we go again, but don’t you see the opportunity?!? Over 1,000 stocks hitting lows they haven’t seen in a year? All those moments in 2015 you kicked yourself for not buying stock. The Starbucks, Ford, Home Depot and Chevron’s you let slip through your fingers all right here waiting. Don’t even get me started about GE (I owned it at $24 and sold it), I’ve been waiting for it to come back down for what seems like an eternity. In a year, maybe two or five we will all be kicking ourselves for not buying everything in site. So what happened after lunch today?

BUY, BUY, BUY – that’s what happened. We saw the first real positive move upwards since the first of the year in my opinion. The upward trajectory of stocks like Alcoa, Ford and Starbucks looked better than they have in weeks and they turned almost straight up around lunch. Maybe January will go down in history as the worst opening on record, but maybe, just maybe February will be when it all turned around.

By the way, if you’re wanting more option action: the HD (Home Depot) Feb 19 115 PUT, had you purchased it yesterday, would have made you 100% gain before lunch as the market crashed. Had you dumped it at lunch and bought the equivalent 120 CALL you would have made another 50% riding it back up until closing. Anybody trading HD today – congrats!

Stocks Hitting 52-Week Lows

Alcoa Inc (NYSE: AA)

Ambarella Inc (NASDAQ: AMBA)

Bank of America Corp (NYSE: BAC)

Bed Bath & Beyond Inc. (NASDAQ: BBBY)

ConocoPhillips (NYSE: COP)

Caterpillar (NYSE: CAT)

Dunkin Brands Group Inc (NASDAQ: DNKN)

3D Systems Corporation (NYSE: DDD)

1-800-Flowers.Com Inc (NASDAQ: FLWS)

DaVita HealthCare Partners Inc (NYSE: DVA)

Garmin Ltd. (NASDAQ: GRMN)

Groupon Inc (NASDAQ: GRPN)

Jazz Pharmaceutical (NASDAQ: JAZZ)

J C Penney Company Inc (NYSE: JCP)

Mobileye NV (NYSE: MBLY)

Oracle Corporation (NYSE: ORCL)

Transocean Ltd (NYSE: RIG)

TASER International, Inc. (NASDAQ: TASR)


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