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Top 5 Performing Stocks in the S&P 500 (CLF, AKS, BTU, BBY, ANF)

Published on Mon, 12/31/2012 - 14:08
By Adrienne Chilton

Below are the top five performing stocks in the S&P 500 INDEX,RTH. These companies should be watched for additional outperformance to the upside.

Cliffs Natural Resources (NYSE:CLF) lead the charge up 7.00% today, well above the S&P 500's return of 0.57% thus far. Just behind are shares of AK Steel Holding (NYSE:AKS), which is up 4.30%.

Rounding out the list of outperformers are shares of Peabody Energy (NYSE:BTU) and Best Buy (NYSE:BBY), which are up 3.79% and 3.63%, respectively. Finally we have Abercrombie & Fitch (NYSE: ANF) up a respectable 3.63% on the day.

Cliffs Natural Resources Inc. is a diversified mining and natural resources company. The Company mines for iron ore and coal in locations across North America, South America, and Australia.

There is potential upside of 9.8% for shares of Cliffs Natural Resources based on a current price of $37.59 and an average consensus analyst price target of $41.27. The stock should find resistance at its 200-day moving average (MA) of $46.54, as well as support at its 50-day MA of $35.20.

By Adrienne Chilton
achilton@fnno.com