The rebound the stock market made from the lows in March of 2009 has led to some very productive stock picks for 2010. The Dow Jones Industrial Average was at 6,500 points back in March of 2009, and in just over a year and a half, it added 5,000 points. That leap of 77% was something no one saw coming, and yet, some micro and small cap stocks saw even higher returns in 2010 alone.
Colfax Corporation, ticker symbol CFX, started 2010 at a share price of $12.04, and was right on the border between a micro cap and a small cap stock. Over the course of 2010, Colfax Corporation, a manufacturer of fluid handling systems, shot up 54% to over $18.50 a share. This move in 2010 brought Colfax Corporation to a market cap of over $800 million, making it a solid small cap stock well on its way to mid cap status.
IMAX Corporation, ticker symbol IMAX, began 2010 at a share price of $13.31, already having experienced a significant jump in 2009. IMAX was not finished rising, as it more than doubled in 2010, rising 101% to a share price of over $26.70. Doubling their stock price brought IMAX from around a one billion dollar market cap to almost 2 billion dollars, making it one of the more prominent small cap stocks.
Coinstar Incorporated, ticker symbol CSTR, began 2010 at a share price of $27.78. On 2009, Coinstar had bought out DVD kiosk company Redbox, and the benefits of that acquisition were made manifest in 2010. Coinstar’s stock price saw an increase of over 117%, to a price of over $60 per share mainly due to increasing financial strength. A red hot stock pick in 2010 indeed, as Coinstar has propelled itself from a low small cap stock to one of the more solid small cap stocks traded on the market today.
The Boston Beer Company Incorporated, ticker symbol SAM, saw a dramatic increase in its stock price during 2010. The brewer of the Sam Adams line of beer started the year at a share price of around $46 per share. Over the course of 2010, The Boston Beer Company more than doubled its share price, increasing over 113% to a share price just south of $100. Thanks to outstanding financial production in 2010, The Boston Beer Company made its case as one of the most profitable stock picks in the small cap class.
California Pizza Kitchen Incorporated, ticker symbol CPKI, also benefited from a bullish stock market in 2010. Starting the year at a stock price of $13.45 per share, California Pizza Kitchen saw an increase of over 31% to a price of more than $17.50 per share. The pizza chain operates over 250 franchised locations in 32 states, and has room to grow its restaurant presence. California Pizza Kitchen also has a good share of the frozen pizza market, with their pizzas being sold in supermarkets across the country.
As can be easily seen, 2010 was an excellent year for stocks, and small cap stocks especially. Looking forward to 2011, there is room for many stocks to maintain their upward momentum, which means more profits for you.
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