These 3 Soaring Stocks Defeated a Down Market

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These 3 Soaring Stocks Defeated a Down Market

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These stocks rose even as the Dow and S&P 500 posted big losses.

Transcript of These 3 Soaring Stocks Defeated a Down Market

Page 1: These 3 Soaring Stocks Defeated a Down Market

These 3 Soaring Stocks Defeated a Down Market

Page 2: These 3 Soaring Stocks Defeated a Down Market

Dow, S&P both fell sharply this week

• Losses of 2% for both indexes

• Worst week of 2013 for the Dow Industrials

U.S. stocks didn’t escape pressure from Fed fears

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But Apple climbed more than 10%

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Why Apple soared

Big interest from big investors

• Carl Icahn announced a sizable position in Apple• George Soros also revealed an increase in his

holdings of the stock

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Rite Aid jumped 12%

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Why Rite Aid soared

Hedge-Fund Investor David Einhorn

• Greenlight Capital added to its position in the drugstore stock during the quarter

• Continued longer-term gains as turnaround story begins to take shape

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And Coeur Mining climbed 15%

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Why Coeur soared

Silver shines brighter

• Silver prices jumped by 13% over the past week• Mining companies tend to be leveraged to gains

in bullion prices given their costs

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