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Sunday, March 4, 2012

Only a CMA Student Would Get This, BCE, CMA, PCH, BTH, X

The high flyers including: BCE, Inc, Comerica, Potlatch, Blyth, and US Steel have shown upward movements in their stocks during the last week. This pattern for technical traders means short term bullishness and this is certainly a relief for U.S. Steel (X) shareholders who have seen their shares pummelled over the last year.BCE is near an all time high of $41.13 a share. In the past year, the shares have traded as low as $32.75 but as high as $42.51. BCE sees volume of nearly 700,000 shares a day. This is Canada's largest telecom company.

Comerica (CMA) which owns Detroit Tiger stadium and is the largest bank in the Michigan area saw its stock fall 2% on Friday. The company had some of the lowest Return on Equity's (ROE) in the banking sector over the last 10 years. The company also recently made a merger with another bank which some shareholders thought was expensive. Potlatch's shareholders probably were not in the mood for a potluck on Friday as its stock sank 2 cents a share. The company is a real estate investment trust and owns timberlands in North America. The company only had 300,000 shares trade on Friday which was actually above its regular average. Blyth, Inc (BTH), one of the few stocks higher on Friday moves to a staggering $64.84. The stock is up close to 100% in the last year as investors have cheered recent results. Investors are smelling good after their fragrance stock has rallied.

Possibly the most disappointing stock in America, United States Steel Corp (X). The stock fell to $27.51 a share. Many investors though in August 2011 that $40.00 was a base level but the stock has continued to move lower. This company is the world's first $1 billion dollar company, it reached this value around 1900. 100 years later and it still trades near $1 billion. However this does not include dividends and the spin-off of Marathon Oil (MAR) Corporation. U.S. Steel is the second largest steel producer in the United States after Nucor (NU). Nucor has held up much better since August when the U.S. was downgraded. The company has a stronger financial position and has managed to be more profitable over the last year.

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