Hot Stocks of 2013 and 2014?
Mary Kristof of Kiplinger reports, Best S&P 500 Stocks of 2013 : Comebacks and momentum stories dominate the list of the hottest companies in Standard & Poor’s 500-stock index this year. Meanwhile, the names that did the worst in 2013 were once-hot shares that have turned suddenly cold, either because of industry woes or corporate stumbles. It’s a familiar theme. On Wall Street, one of the best ways to be this year’s darling is to be last year’s dog, and vice versa. “The market exaggerates,” says R.J. Hottovy, an analyst with Morningstar Investments in Chicago. “In some cases, companies get oversold…and then they get overbought.” Netflix (symbol NFLX ) is a prime example. The subscription movie company saw its shares slammed in 2011, thanks to a price hike and shift in its business model that alienated a huge number of subscribers. The company’s stock, which sold for $295 in July 2011, dropped to $54 in July 2012 as Netflix pressed forward with an expensive technology up