Down days like this one give us the signal to run screens for stocks that bucked the system and actually made a couple of percent by days end. Parameters for this stock screen included the typical microcap requirements for market cap ( less than 500 million shares) and stock price ( greater than $1 but less than $10). We also threw in a requirement that the stock had to have been making gains over the last 6 months. We got 12 hits. Four of them were drug stocks. This sector seems to be showing strength relative to other major sectors. More importantly, we picked up Pgt Inc. (Stock Symbol: PGTI).
As you can see, this stock, although thinly traded, has been stepping up on a regular basis and actually showed some strength on a day like today.
Pgt Inc. is a manufacturer of impact-resistant aluminum and vinyl-framed windows and doors and offers a range of fully customizable window and door products. Maybe we should have added this to our hurricane stock picks from several months ago. More on this company can be found here.
We are not betting the farm on this one but we will watch closely to see if we can ride the next wave up.