Despite successive rounds of stock sell-offs in August and valuations that dropped key indices to lows not seen in five years, the volatility in the market also has an upside.
Of the 100 stocks in the WWD Global Stock Tracker, the top 10 gainers for the one-month period have seen significant increases.
Eddie Lampert’s Sears Holdings Corp. took the top spot with a whopping 37.8 percent gain in the month. Engaging in a series of real estate maneuvers over the past six months seems to have bolstered the share price of the retailer. With the other gainers on the list, investors keyed into various turnaround stories (such as J.C. Penney Co. Inc.) and trend-right fashions or merchandise that boosts sales (Express Inc. for example).
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The challenge for these gainers is to maintain the momentum. Of the 100 stocks in the tracker, 79 have declined in the three-month period.
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Company: Stock Price (in $U.S.): One-month Gain:
1. Sears Holdings Corp. $26.72 37.8%
2. Lotte Shopping Co. $241.54 17.4%
3. Movado Group Inc. $28.59 16.9%
4. Michael Kors Holdings Ltd. $44.51 15%
5. Shinsegae Co. Ltd. $208.06 14.9%
6. J.C. Penney Co. Inc. $9.32 14.1%
7. Elizabeth Arden Inc. $11.47 9.2%
8. Express Inc. $20.48 7.8%
9. Perry Ellis International Inc. $24.62 7.1%
10. Coty Inc. $28.69 6.9%
Source: WWD Global Stock Tracker, prices as of Sept. 2, 2015