August 2011 Was a Great Time to Buy Stocks!
Last August, the markets were hit with a wave of intense selling as fears about the European debt crisis continued to build and investors seemingly showed a delayed reaction to the end of QE2. The Dow recorded a number of 600 point declines, signifying a potentially scary time on Wall Street.
Those who used the sharp decline to buy stocks have done well over the last year. Since one year ago, the S&P 500 has climbed almost 20 percent while many widely held stocks have performed even better. Here is a look at the one-year returns of a number of popular stocks:
Apple (NASDAQ: AAPL): In one year's time, shares of Apple have climbed better than 68 percent, and the stock was closing in on new all-time highs Tuesday.
Anheuser-Busch InBev (NYSE: BUD): This stock has broken out to new all-time highs over the last year and continues to be in a strong uptrend. Shares of the iconic brewery company have surged almost 48 percent in just one year's time.
Macy's (NYSE: M): This retail stock has been able to do fabulously well despite continued concerns over the state of both international and domestic economies. Over the last year, the stock has gained a little more than 50 percent. Moreover, it remains in an uptrend.
The Hershey Company (NYSE: HSY): This chocolate company has seen its stock soar more than 30 percent in one year's time. Shares sat close to new all-time highs on Tuesday.
Starbucks (NASDAQ: SBUX): Despite a steep earnings-related sell-off in late July, shares of Starbucks have still notched gains of almost 25 percent over the last year.
Yum! Brands (NYSE: YUM): This fast food conglomerate has been a standout over the last year, rising almost 30 percent during this period.
Whole Foods (NASDAQ: WFM): The grocery store chain's stock has soared from a year ago. The stock, which is currently sitting near all-time highs, has gained more than 60 percent since last August.
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