Eagle & Beagle
We've seen our share of positive weeks on Wall Street, with broad gains that tend to boost the prices of nearly all of our local stocks.
However, rarely does every single Oklahoma stock post a gain for the week. But that's what happened last week.
The rising tide lifted all Sooner boats, including our top stock for 2012, Southwest Bancorp, which gained 10.5 percent last week. The weekly wave also raised some of our worst-performing 2012 stocks, like Syntroleum Corp., which added 31 percent, and Apco Oil & Gas International, which grew 22.5 percent last week.
Boosted by a deal on the fiscal cliff negotiations, the Dow Jones Index rang up its best week in more than a year. The S&P 500 boasted an even larger percentage gain, finishing the year's first trading week at a five-year high.
This is not sustainable, but it's a very nice way to start a year that ends with a 13.
Ever watch the Westminster Kennel Club Dog Show? I always wonder how those judges decide which is the most perfect among all those gorgeous dogs.
Likewise, it seems almost unfair to single out one Oklahoma-based stock for poor performance after a week when its shareholders got wealthier. But the column format insists on winners and losers.
The spreadsheet singled out Educational Development Corp., a Tulsa-based marketer of children's books through a home parties and traditional retail outlets. EDUC shares gained 4 cents last week, a 1.1 percent gain, to close at $3.91.
Still a pretty handsome dog.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.