Value Creators and Destroyers in 2008 -- Page 2
We take a look at the best and worst performers of the first half of 2008.
Stock Strategist
Mentioned: ArcelorMittal SA (MT)
, Merck & Co Inc (MRK)
, Monsanto Co (MON)
, American International Group Inc (AIG)
, Walmart Inc (WMT)
, Bank of America Corp (BAC)
, Citigroup Inc (C)
, AT&T Inc (T)
, International Business Machines Corp (IBM)
, General Electric Co (GE)
Energy and industrial materials remain the top-performing sectors, after topping this same chart in 2007. Industrial materials and energy price gains were driven by increasing commodity prices demand.
Energy gains were led by foreign oil and gas companies including Brazilian Petroleum (PBR) and EnCana Corporation (ECA), both of which make our list of the top 10 value creators for the year. Industrial materials gains were all commodity-driven, with mining and steel companies leading the charge. Agricultural firms were the stars of the first half of 2008, boosted by the creation of the coveted potash product. Agriculture plays Monsanto (MON) and Potash Corporation (POT) both appear on our top 10 value creators list.
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Jaime Peters does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.