10 Investments That Rose Against the Sell-Off

Jacob Harper |



June 20 saw one of the biggest sell-offs in recent history on the heels of the Fed’s concerns. So we decided to look at the 10 investments that fared the best in a rough climate. We found five of the 10 high-performing investements were ETFs, and they all in one way or another shorted the market. The other five high performers were stocks that for a variety of reasons had a good day despite the generally gloomy outlook.

The ETFs

Direxion Daily Small Cap Bear 3x Shares (TZA) This ETF finished the day $33.32 a share, up 7.76 percent on the day. This small cap aims to perform at 300 percent inverse the Russell 2000 index. Trading was brisk at 19.77 million shares.

Direxion Daily Financial Bear 3x Shares (FAZ) Another ETF from Direxion. This one finished the trading day at $35.89 a share, up 6.69 percent for the day.  Trading volume was likewise a healthy $13.025 million shares.

ProShares UltraShort DJ-UBS Crude Oil (SCO) This ETF shorts crude, and had a big day as  aresult, finishing the trading day at 37.53 a share for a 6.68 percent gain. Crude oil futures tumbled 2.9 percent on reports the Fed would pull back easy-money policies.

ProShares UltraPro Short 20+ Year Treasury (TTT) There wasn’t much good news coming out of the Fed, which meant a big day for this ETF that shorts the Treasury. The ETF closed out at 84.40 for a 5.16 percent gain.

ProShares UltraShort S&P 500 (SDS) The S&P took a big hit today, losing 2.5 percent of its value. This ProShares ETF capitalized, gaining 5.02 percent to close out at $41.84 a share.

The Stocks

Finisar Corp. (FNSR) The world’s “largest supplier of Optical Subsystems” had a smashing day following exceedingly healthy fourth quarter reports.  Their stock closed the day at $15.80 a share for a whopping 8.82 percent increase.

Ligand Pharmaceuticals (LGND) This La Jolla, California-based pharmaceutical investment company posted big gains on news they would boost the ownership and sell out more stock to BVF Partners L.P. Ligand closed the day at $35.05 a share for a 8.41 percent gain.

Repros Therapeutics (RPRX) This company posted a gain of 6.27 percent gain to close at $20.40 after pricing 3 million shares a at $19 apiece.

Clearwire Corporation (CLWR) The wireless high speed internet company jumped amid a buyout offer from Sprint that reached $5 a share. Trading on the stock was exceptionally heavy on the news, at a volume of 50.99 million shares. Clearwater posted a 7.34 gain to close at $5.05 a share.  

Gamestop (GME) The used video game retailer responded well to news that Microsoft is shuttling plans to enact anti-pirating measures with their upcoming XBOX that would have greatly affected the ability for gamers to buy and sell games between themselves. Gamestop posted a 6.25 percent gain to close out at $40.94 a share

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
FNSR Finisar Corporation 23.90 0.71 3.06 1,479,672 Trade
LGND Ligand Pharmaceuticals Incorporated 127.97 1.42 1.12 181,514 Trade
GME Gamestop Corporation 21.64 0.66 3.15 2,474,068 Trade
PFSW PFSweb Inc. 7.80 0.02 0.26 9,794 Trade
RPRX Repros Therapeutics Inc. 0.27 -0.00 -1.77 288,846 Trade

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