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Electrical Stocks Enjoy Market Surge Recent Surge By: Jim Lucy With 10-K annual report season just around the corner, EM's editors thought it would be an interesting time to check in on stock prices of publicly traded electrical manufacturers, distributors and contractors. While $100/barrel oil, unrest in Libya, Egypt and the Middle East, and the aftermath of Japan's epic tsunami have knocked down prices in a jittery stock market over the past few weeks, since last summer many publicly held electrical companies are still outperforming the Dow Jones Average, NASDAQ and S&P 500 by wide margins. In fact, since the stock market began its most recent surge in late July 2010, pushing the Dow, NASDAQ and S&P 500 to 20-percent increases, nine electrical companies enjoyed increases in their stock prices (adjusted for splits and dividends) of at least 50 percent — Coleman Cable (+82%); Rockwell Automation (+77%); Littelfuse (+66%); WESCO (+65%); Hubbell (+64%); General Cable (+62%); Thomas & Betts (+59%); Anixter (+53%) and Belden (51.3%) — and another 12 companies topped all three market indices. Lagging the indices during the recent market surge were Trina Sola (+14.2%); First Solar (10.3%); Quanta Services (2.8%) and Cree (-26.9%).
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