Word: stockely
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Anyone who feels as though there's been no way to make money in the stock market this year hasn't heard of Emergent BioSolutions. While broad indexes are off some 40% since Jan. 1, Emergent, which makes anthrax vaccines and is broadening into flu shots, is up 376%, to $24.11. Emergent is the top-returning stock in 2008 (through Dec. 12), according to an analysis done for TIME by Thomson Reuters Datastream. And Emergent isn't the only company that's been pleasing shareholders. This probably isn't going to make you feel any better about your brokerage account...
That's not to say every drug-related company has been bulletproof, however. PharmaNet, an outfit that runs drug trials for biotech and pharmaceutical companies, has seen its cancellation rate spike because of drug discontinuations and mergers. Its stock is down...
...number of firms related to the housing market have been doing quite well this year. Trex Company, which makes decking and railing out of reclaimed plastic and waste wood, is up 69%, to $14.35. Beacon Roofing Supply, which sells roofs for homes and commercial buildings, has seen its stock jump...
...take a look at some of last year's biggest percentage gainers to understand that. Solar-panel maker First Solar, which rose more than 700% last year, has lost more than half its value so far in 2008. Fertilizer manufacturer Mosaic, which last year saw its stock triple amid the commodities boom, is down 67% since January, as boom has morphed into bust. Chasing winners is rarely the best way to make money - though it is nice to know there are at least winners out there to be found...
...light of the dramatic declines in the stock market and the broader economic recession, Harvard’s commitment to affordability has never been more critical for attracting students from working and middle class backgrounds. As Sally C. Donahue, the College’s director of financial aid, said, the new program “came at just the right time for families who were feeling the pinch...