The market started the new year with a 4% drop in the first 3 days. Many companies are continuing to plunge and reach new lows. Banks are still making up a large portion of the out-of-favor stocks. Last week’s top five stocks that reached their 52-week lows were mega banks like HSBC Holdings PLC, JPMorgan Chase & Co, Wells Fargo & Company, and UBS AG, and Toyota Motor Corp,
The Banking Industry remains the number one out-of-favor industry, and its low/high ratio is at its highest point in many months. 147 stocks in the banking industry have reached their 52-week lows, while 5 have reached their 52-week highs, giving the banking industry a low/high ratio of 29.4. Industrial Goods and Services Industry also has 114 52-week low stocks. 17 stocks have reached their 52-week highs, and the industry has a low/high ratio of 6.71.
Many of this week’s 52-week low stocks are in these two industries, including HSBC Holdings PLC. For full details about the top out-of-favor industries and more information, click here: http://www.gurufocus.com/52weeklow.php.
HSBC Holdings PLC (HBC, Financial) Reached the 52-Week Low of $81.25
HSBC Holdings PLC (HBC) has declined to the 52-week low of $81.25, 18.4% lower than the 52-week high of $99.52. The company is owned by 7 Gurus we are tracking. The dividend yield of HSBC Holdings PLC stocks is 4.2%.
HBC is considering the sale of a number of branches and units. It also said it's selling its U.S. wealth and tax advisory business for $60.85 million.
HSBC Holdings PLC is owned by 7 Gurus. Among them, 4 increased their positions, 1 left them unchanged, and 2 reduced their positions. Dodge & Cox owns 13,296,850 shares as of 09/30/2007 , which accounts for 0.9% of the $136.79 billion portfolio of Dodge & Cox. Charles Brandes owns 5,042,720 shares as of 09/30/2007 , which accounts for 0.85% of the $54.85 billion portfolio of Brandes Investment. Chris Davis owns 5,360,539 shares as of 09/30/2007 , which accounts for 0.54% of the $92 billion portfolio of Davis Selected Advisers.
Toyota Motor Corp. (TM, Financial) Reached the 52-Week Low of $103.94
The prices of Toyota Motor Corp. (TM) shares have declined to the 52-week low of $103.94, which is 24.8% off the 52-week high of $138. The company is owned by 3 Gurus we are tracking. Among them, 1 has added to their positions during the past quarter. 1 reduced their positions, and 1 left them unchanged.
Toyota Motor Corporation has a market cap of $165.51 billion and was traded at around $103.94 with a P/E ratio of 10.04 and a P/S ratio of 0.73. The dividend yield of Toyota Motor Corp. stocks is 2.1%.
Toyota Motor Corp. on Thursday said it expects to post a sales gain in 2008 as the overall U.S. light-vehicle industry continues to encounter pressure because of economic troubles, particularly during the first half of the year. Its spokesperson expects lower gasoline prices in the second half of 2008.
Toyota Motor Corp. is owned by 3 Gurus. John Rogers owns 30,290 shares of Toyota Motor Corp as of 09/30/2007 , an increase of 21.57% from the previous quarter. This position accounts for 0.03% of his portfolio. Jean-Marie Eveillard owns 35,000 shares of the company, which accounts for 0.03% of his $13.02 billion portfolio. Ken Heebner owns 429,000 shares of TM, which accounts for 0.54% of the $9.22 billion portfolio of CAPITAL GROWTH MANAGEMENT LP.
JPMorgan Chase & Co. (JPM, Financial) Reached the 52-Week Low of $40.93
JPMorgan Chase & Co. (JPM) shares have declined to the 52-week low of $40.93, which is 24.6% off the 52-week high of $53.25. It is owned by 17 Gurus we are tracking. Among them, 11 have added to their positions during the past quarter, 1 left them unchanged, 5 reduced their positions, and two sold out their holdings.
The company, through its subsidiaries, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities, etc. JPMorgan Chase & Co. has a market cap of $137.49 billion; it has a P/E ratio of 8.55 and P/S ratio of 2.19 and has a dividend yield of 3.7%.
Unemployment fears have caused JPMorgan and many other companies to drop. 26 out of the 30 Dow components fell, led by technology stocks, followed by financials.
JPMorgan Chase & Co. is owned by 17 Gurus. Among them, gurus that own a significant amount of the company or changed their positions greatly are: John Keeley, who owns 146,250 shares as of 09/30/2007 , which is an increase of 320.86% from the previous quarter. This position accounts for 0.07% of the $8.95 billion portfolio of Keeley Fund Management.
Mark Hillman, who owns 805,262 shares as of 09/30/2007 , increased his holdings in the company greatly. This was an increase of 1628.62% from the previous quarter, and accounts for 4.27% of the $864 million portfolio of Hillman Capital Management.
Bill Miller owns 17,832,000 shares as of 09/30/2007 , which accounts for 5.04% of the $16.2 billion portfolio of Legg Mason Value Trust. David Dreman owns 727,719 shares as of 09/30/2007 , a decrease of 61.26% of from the previous quarter, which accounts for 0.19% of the $18.4 billion portfolio of Dreman Value Management.
Richard Aster Jr. and George Soros both sold out their holdings of JPM in the quarter ended 09/30/2007 .
Wells Fargo & Company (WFC, Financial) Reached the 52-Week Low of $27.49
The prices of Wells Fargo & Company (WFC) shares have declined to close the 52-week low of $27.49, 29.0% lower than the 52-week high of $37.99. It is owned by 16 Gurus we are tracking. Among them, 2 initiated positions with WFC, 5 added to their positions during the past quarter. 9 reduced their positions, and two sold out their holdings.
The company, through its subsidiaries, provides banking and financial products and services in the United States . The company operates in three segments: Community Banking, Wholesale Banking, and Wells Fargo Financial. Wells Fargo & Company has a market cap of $92.21 billion; its shares were traded at around $27.49 with P/E ratio of 10.40 and P/S ratio of 2.69. The dividend yield of Wells Fargo & Company stocks is 4.5%.
Bank stocks drooped after the Labor Department reported the growth of the unemployment rate more than economists thought in December, stirring fears that the economy may go into recession. Wells Fargo & Co traded the cheapest in at least a year.
Wells Fargo & Company is owned by 16 Gurus. Jean-Marie Eveillard bought 1,770,500 shares in the quarter ended 09/30/2007 , which accounts for 0.48% of his $13.02 billion portfolio. Ruane Cunniff owns 1,032,909 shares as of 09/30/2007 , an increase of 58.19% from the previous quarter. This position accounts for 0.28% of the $12.92 billion portfolio of Ruane & Cunniff & Goldfarb Inc.
Tweedy Browne owns 2,028,637 shares as of 09/30/2007 , which accounts for 2.76% of the $2.62 billion portfolio of Tweedy Browne CO LLC. Arnold Van Den Berg owns 2,919,299 shares as of 09/30/2007 , which accounts for 3.14% of the $3.32 billion portfolio of Century Management.
Ron Baron owns 166,350 shares as of 09/30/2007 , a decrease of 31.03% of from the previous quarter. This position accounts for 0.03% of the $20.27 billion portfolio of Baron Funds. George Soros and John Keeley both sold out their holdings in the quarter ended 09/30/2007 .
Lengendary investor Warren Buffett owns 279,669,568 shares as of 09/30/2007 , which accounts for 15.14% of the $65.81 billion portfolio of Berkshire Hathaway.
Executive Vice President Julie M White sold 1000 shares of WFC stock on 08/28/2007 at the average price of $35.56, the price of the stock has decreased by 22.69% since. James M Strother, another Executive Vice President, sold about 27,000 shares of WFC stock on 08/20/2007 at the average price of $36.94, the price of the stock has decreased by 25.58% since. Chairman Richard M Kovacevich sold 164,175 shares of WFC stock on 08/17/2007 at the average price of $36.96, the price of the stock has decreased by 25.62% since.
UBS AG (UBS, Financial) Reached the 52-Week Low of $43.79
The prices of UBS AG (UBS) shares have declined to close the 52-week low of $43.79, which is 34.3% off the 52-week high of $66.26. UBS AG is owned by 4 Gurus we are tracking. All have increased their positions during the past quarter.
UBS AG and its subsidiaries provide a range of financial products and services worldwide. The company's wealth management and business banking operations include the provision of a range of products and services for wealthy clients worldwide. It has a market cap of $83.71 billion and its shares were traded at around $43.79 with a P/E ratio of 8.43, P/S ratio of 1.98, and dividend yield of UBS AG stocks is 2.7%.
The Global Asset Management sector of UBS reported a sharp decline in US Pension Fund Fitness in the fourth quarter of 2007 due to lower equity markets and lower interest rates. The company also cut their number of employees as threats have begun in the property service market.
All four holders of UBS increased their positions.Mason Hawkins bought 6,820,000 shares in the quarter ended 09/30/2007, which is 1.02% of the $35.76 billion portfolio of Southeastern Asset Management. Ruane Cunniff bought 1,205,887 shares in the quarter ended 09/30/2007 , which is 0.5% of the $12.92 billion portfolio of Ruane & Cunniff & Goldfarb Inc. John Rogers owns 45,635 shares as of 09/30/2007, an increase of 75.93% from the previous quarter. This position accounts for 0.02% of the $13.07 billion portfolio of ARIEL CAPITAL MANAGEMENT LLC. Kenneth Fisher owns 7,285,199 shares as of 09/30/2007 , which accounts for 1.05% of the $37.1 billion portfolio of Fisher Asset Management, LLC.
The Banking Industry remains the number one out-of-favor industry, and its low/high ratio is at its highest point in many months. 147 stocks in the banking industry have reached their 52-week lows, while 5 have reached their 52-week highs, giving the banking industry a low/high ratio of 29.4. Industrial Goods and Services Industry also has 114 52-week low stocks. 17 stocks have reached their 52-week highs, and the industry has a low/high ratio of 6.71.
Many of this week’s 52-week low stocks are in these two industries, including HSBC Holdings PLC. For full details about the top out-of-favor industries and more information, click here: http://www.gurufocus.com/52weeklow.php.
HSBC Holdings PLC (HBC, Financial) Reached the 52-Week Low of $81.25
HSBC Holdings PLC (HBC) has declined to the 52-week low of $81.25, 18.4% lower than the 52-week high of $99.52. The company is owned by 7 Gurus we are tracking. The dividend yield of HSBC Holdings PLC stocks is 4.2%.
HBC is considering the sale of a number of branches and units. It also said it's selling its U.S. wealth and tax advisory business for $60.85 million.
HSBC Holdings PLC is owned by 7 Gurus. Among them, 4 increased their positions, 1 left them unchanged, and 2 reduced their positions. Dodge & Cox owns 13,296,850 shares as of 09/30/2007 , which accounts for 0.9% of the $136.79 billion portfolio of Dodge & Cox. Charles Brandes owns 5,042,720 shares as of 09/30/2007 , which accounts for 0.85% of the $54.85 billion portfolio of Brandes Investment. Chris Davis owns 5,360,539 shares as of 09/30/2007 , which accounts for 0.54% of the $92 billion portfolio of Davis Selected Advisers.
Toyota Motor Corp. (TM, Financial) Reached the 52-Week Low of $103.94
The prices of Toyota Motor Corp. (TM) shares have declined to the 52-week low of $103.94, which is 24.8% off the 52-week high of $138. The company is owned by 3 Gurus we are tracking. Among them, 1 has added to their positions during the past quarter. 1 reduced their positions, and 1 left them unchanged.
Toyota Motor Corporation has a market cap of $165.51 billion and was traded at around $103.94 with a P/E ratio of 10.04 and a P/S ratio of 0.73. The dividend yield of Toyota Motor Corp. stocks is 2.1%.
Toyota Motor Corp. on Thursday said it expects to post a sales gain in 2008 as the overall U.S. light-vehicle industry continues to encounter pressure because of economic troubles, particularly during the first half of the year. Its spokesperson expects lower gasoline prices in the second half of 2008.
Toyota Motor Corp. is owned by 3 Gurus. John Rogers owns 30,290 shares of Toyota Motor Corp as of 09/30/2007 , an increase of 21.57% from the previous quarter. This position accounts for 0.03% of his portfolio. Jean-Marie Eveillard owns 35,000 shares of the company, which accounts for 0.03% of his $13.02 billion portfolio. Ken Heebner owns 429,000 shares of TM, which accounts for 0.54% of the $9.22 billion portfolio of CAPITAL GROWTH MANAGEMENT LP.
JPMorgan Chase & Co. (JPM, Financial) Reached the 52-Week Low of $40.93
JPMorgan Chase & Co. (JPM) shares have declined to the 52-week low of $40.93, which is 24.6% off the 52-week high of $53.25. It is owned by 17 Gurus we are tracking. Among them, 11 have added to their positions during the past quarter, 1 left them unchanged, 5 reduced their positions, and two sold out their holdings.
The company, through its subsidiaries, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities, etc. JPMorgan Chase & Co. has a market cap of $137.49 billion; it has a P/E ratio of 8.55 and P/S ratio of 2.19 and has a dividend yield of 3.7%.
Unemployment fears have caused JPMorgan and many other companies to drop. 26 out of the 30 Dow components fell, led by technology stocks, followed by financials.
JPMorgan Chase & Co. is owned by 17 Gurus. Among them, gurus that own a significant amount of the company or changed their positions greatly are: John Keeley, who owns 146,250 shares as of 09/30/2007 , which is an increase of 320.86% from the previous quarter. This position accounts for 0.07% of the $8.95 billion portfolio of Keeley Fund Management.
Mark Hillman, who owns 805,262 shares as of 09/30/2007 , increased his holdings in the company greatly. This was an increase of 1628.62% from the previous quarter, and accounts for 4.27% of the $864 million portfolio of Hillman Capital Management.
Bill Miller owns 17,832,000 shares as of 09/30/2007 , which accounts for 5.04% of the $16.2 billion portfolio of Legg Mason Value Trust. David Dreman owns 727,719 shares as of 09/30/2007 , a decrease of 61.26% of from the previous quarter, which accounts for 0.19% of the $18.4 billion portfolio of Dreman Value Management.
Richard Aster Jr. and George Soros both sold out their holdings of JPM in the quarter ended 09/30/2007 .
Wells Fargo & Company (WFC, Financial) Reached the 52-Week Low of $27.49
The prices of Wells Fargo & Company (WFC) shares have declined to close the 52-week low of $27.49, 29.0% lower than the 52-week high of $37.99. It is owned by 16 Gurus we are tracking. Among them, 2 initiated positions with WFC, 5 added to their positions during the past quarter. 9 reduced their positions, and two sold out their holdings.
The company, through its subsidiaries, provides banking and financial products and services in the United States . The company operates in three segments: Community Banking, Wholesale Banking, and Wells Fargo Financial. Wells Fargo & Company has a market cap of $92.21 billion; its shares were traded at around $27.49 with P/E ratio of 10.40 and P/S ratio of 2.69. The dividend yield of Wells Fargo & Company stocks is 4.5%.
Bank stocks drooped after the Labor Department reported the growth of the unemployment rate more than economists thought in December, stirring fears that the economy may go into recession. Wells Fargo & Co traded the cheapest in at least a year.
Wells Fargo & Company is owned by 16 Gurus. Jean-Marie Eveillard bought 1,770,500 shares in the quarter ended 09/30/2007 , which accounts for 0.48% of his $13.02 billion portfolio. Ruane Cunniff owns 1,032,909 shares as of 09/30/2007 , an increase of 58.19% from the previous quarter. This position accounts for 0.28% of the $12.92 billion portfolio of Ruane & Cunniff & Goldfarb Inc.
Tweedy Browne owns 2,028,637 shares as of 09/30/2007 , which accounts for 2.76% of the $2.62 billion portfolio of Tweedy Browne CO LLC. Arnold Van Den Berg owns 2,919,299 shares as of 09/30/2007 , which accounts for 3.14% of the $3.32 billion portfolio of Century Management.
Ron Baron owns 166,350 shares as of 09/30/2007 , a decrease of 31.03% of from the previous quarter. This position accounts for 0.03% of the $20.27 billion portfolio of Baron Funds. George Soros and John Keeley both sold out their holdings in the quarter ended 09/30/2007 .
Lengendary investor Warren Buffett owns 279,669,568 shares as of 09/30/2007 , which accounts for 15.14% of the $65.81 billion portfolio of Berkshire Hathaway.
Executive Vice President Julie M White sold 1000 shares of WFC stock on 08/28/2007 at the average price of $35.56, the price of the stock has decreased by 22.69% since. James M Strother, another Executive Vice President, sold about 27,000 shares of WFC stock on 08/20/2007 at the average price of $36.94, the price of the stock has decreased by 25.58% since. Chairman Richard M Kovacevich sold 164,175 shares of WFC stock on 08/17/2007 at the average price of $36.96, the price of the stock has decreased by 25.62% since.
UBS AG (UBS, Financial) Reached the 52-Week Low of $43.79
The prices of UBS AG (UBS) shares have declined to close the 52-week low of $43.79, which is 34.3% off the 52-week high of $66.26. UBS AG is owned by 4 Gurus we are tracking. All have increased their positions during the past quarter.
UBS AG and its subsidiaries provide a range of financial products and services worldwide. The company's wealth management and business banking operations include the provision of a range of products and services for wealthy clients worldwide. It has a market cap of $83.71 billion and its shares were traded at around $43.79 with a P/E ratio of 8.43, P/S ratio of 1.98, and dividend yield of UBS AG stocks is 2.7%.
The Global Asset Management sector of UBS reported a sharp decline in US Pension Fund Fitness in the fourth quarter of 2007 due to lower equity markets and lower interest rates. The company also cut their number of employees as threats have begun in the property service market.
All four holders of UBS increased their positions.Mason Hawkins bought 6,820,000 shares in the quarter ended 09/30/2007, which is 1.02% of the $35.76 billion portfolio of Southeastern Asset Management. Ruane Cunniff bought 1,205,887 shares in the quarter ended 09/30/2007 , which is 0.5% of the $12.92 billion portfolio of Ruane & Cunniff & Goldfarb Inc. John Rogers owns 45,635 shares as of 09/30/2007, an increase of 75.93% from the previous quarter. This position accounts for 0.02% of the $13.07 billion portfolio of ARIEL CAPITAL MANAGEMENT LLC. Kenneth Fisher owns 7,285,199 shares as of 09/30/2007 , which accounts for 1.05% of the $37.1 billion portfolio of Fisher Asset Management, LLC.
