Monday, July 12, 2010

Sometimes You Get Lucky: Anadarko was the Best Performing S&P 500 Component Stock last Week (APC)

The stock is up another 3% to $46.78 in early trade.
From MarketWatch:
Anadarko best, Family Dollar worst for week on S&P 500
Energy and financials stocks were among the top gainers in the S&P 500 Index this week, with retail stocks landing at both the top and bottom of the index.
The following are the S&P 500 (SPX 1,077, -1.08, -0.10%) stocks that clocked the best and worst performance for the four-session week ended July 9:

Top 5

Anadarko Petroleum Corp. (APC 46.62, +1.21, +2.67%) shares surged 19.3% for the week, clinching the spot as the index's top gainer. Anadarko owns a 25% stake in the Macondo oil well operated by BP Plc (BP 35.91, +1.86, +5.46%) that exploded April 20 and its shares had lost about half their value by the end of June, as the oil spill reached disaster proportions...
See also Friday's post:
"Anadarko won't help pay for Gulf spill" (APC; BP)
The stock is up 68 cents at $45.24. That's a bit under 19% since we decided to show APC some love on June 30, the day it started to bounce off it's double bottom low.
Bullish Options Plays in Anadarko Petroleum (APC)
UPDATED: Sometimes the Crowd is Right: Relatively Heavy Call Activity in Anadarko Petroleum (APC)
"As Oil Spill Rages On, Option Players Remain Optimistic About Anadarko Petroleum Corporation" (APC; BP)
Royal Bank of Scotland on BP: "BUY" and "Anadarko Trades at $99,999, Briefly Halted" (APC; BP)