zondag 14 juli 2013

The best and worst Investments of 2013

The first six months of 2013 were a great time to be an electric-car aficionado who owns an oil well. It was a lousy time to be a gold miner and it remained an awful time to be a Spanish banker. That is, at least, if you judge by the performance of financial markets.

The Best U.S. Large-Cap Stock is Tesla Motors, a company with huge ambitions in electric vehicles but no profits until this year. It's up 217 percent through the end of June and rocketed another 12 percent in the first week of July.
The Worst U.S. Large-Cap Stock is Newmont Mining Corp.go, a gold mining company that plunged 35.5 percent in the first half of the year. The stock fell alongside the price of gold, which was down 26.3 percent as of June 28 and off 23.5 percent as of July 11. Gold was not the Worst Commodity of 2013's first half -- that would be silver, which has dropped 34 percent year-to-date. The Best Commodity this year is oil, up 14 percent through July 11.
Outside the U.S., the Best International Stock* is literally recovering from disaster. Up 149 percent in the first half of the year, the Tokyo Electric Power Company, or Tepco, was the operator of the Fukushima atomic power station destroyed in Japan's 2011 earthquake and tsunami. Now, it wants to restart one of the plants idled after the tragedy.
The Worst International Stock* so far this year is Spanish bank Bankia SA, down 88 percent. Bankia was also the worst international stock of 2012, as it was pummeled by Spain's real estate collapse.

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