by Lawrence Meyers | June 22, 2011 3:59 pm
Tennesse’s Federal Express (NYSE: FDX[1]) leads the Real America Index gainers today, followed by Montana’s Stillwater Mining (NYSE:SWC[2]) and Vermont’s Green Mountain Coffee Roasters (NASDAQ:GMCR[3]).
Federal Express (NYSE: FDX[1]) is up almost 3% today after reporting a 33% increase in earnings and an upbeat 2012 forecast. Driven by an increase of Asian exports, the average package price increased 10%, fueling revenue.
Federal Express is the best-performing stock on the InvestorPlace.com Real America Index today. Other top performers include:
Montana’s Stillwater Mining (NYSE:SWC[2]) stays in the top three for a second consecutive day with its gain of 1.4%. Precious metal prices continue to rise on fears the Fed will continue to print Monopoly money. Stillwater mines a lot of platinum and palladium, so the company’s proven reserves of 20 million ounces of the metals remain precious.
Vermont’s Green Mountain Coffee Roasters (NASDAQ:GMCR[3]) perked up about 1.1% on no discernible news. The move is likely due to continued momentum buying in the high-flying name.
As for the worst performers in the Real America Index today:
Kansas’ Sprint-Nextel (NYSE:S[4]) dropped -2.3%, likely in response to AT&T‘s (NYSE: T[5]) plan to sell a $50 unlimited prepaid cell phone plan. Competition is good for consumers, not but not good for commodity stocks like phone companies.
Florida’s Carnival Corporation (NYSE:CCL[6]) is also off -2.3%, likely profit-taking following yesterday’s solid gains resulting from strong earnings.
Minnesota’s Target (NYSE:TGT[7]) is down 1.-8% today, after running into resistance at the 20 day moving average. The failure at this technical barrier may foretell further downside.
Looking at the broad perspective, the Real America Index is up a fraction of a percent, against a flat Dow and S&P 500, but trailing the Nasdaq’s more than 2% gain.
About the Real America Index
When Americans wonder how healthy the nation’s economy is, where can they turn? At InvestorPlace, we hope we have the answer: a list of 50 publicly traded stocks we call the Real America Index. Check out the interactive Real America Index map[8], browse a list of all 50 component stocks[9], or find out how we created this index.[10]
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