In a bad week for everyone, the Yonder 40 does only half-bad. Only ten of the 40 stocks in the Yonder 40 are up since July 1. Deere is one of them, benefiting from a hot agricultural market.

"> What a Week in the Markets! The Yonder 40 Fares Well - Daily Yonder

What a Week in the Markets! The Yonder 40 Fares Well

Yonder 40, August 17, 2007In a bad week for everyone, the Yonder 40 does only half-bad. Only ten of the 40 stocks in the Yonder 40 are up since July 1. Deere is one of them, benefiting from a hot agricultural market.

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Yonder 40 August 17Investors are probably just thankful this week is over. With four days of losses and one day (Friday) of recovery, all the major stock indexes were down.

But for the second week in a row, the Yonder 40 did slightly better than the other major indexes. That doesn’t mean the DY 40 did well. It’s just that the Yonder 40, publicly traded companies that represent the rural economy, did less poorly than anybody else.

After a yo-yo week, the Yonder 40 was down by only a quarter of a percent over five days of rambunctious trading. The Standard & Poor 500 was off by half a percent for the week; the Dow was down by more than a percent; and the NASDAQ was down by a 1.5 percent.Yonder 40 August 17, 2007

Since July, however, the Yonder 40 is down more than most of the other stock indexes. The rural stock index is down by 4.75 percent since July 1.

(A technical note here: The Yonder 40 is equally weighted, which means that on July 1, we “invested" an equal amount in each of the stocks. The S&P 500 is weighted ““ the larger the company, the bigger the investment. That’s why we include a fund — RSP in the chart on this page — that contains all the stocks in the S&P 500, but with equally weighted investment. The equally weighted S&P 500 is down more than six percent since July 1, the largest drop of any of the indexes.)

Within the Yonder 40, there were wild swings this week. Bassett Furniture was down by more than 11 percent. Southwest Bancorp was up by more than nine percent. Smithfield Foods was down by ten percent. Cato Corp. (women’s fashion) was up by 12.5 percent.

Dow Only August 17, 2007The only news of interest among the rural companies came from Deere & Co., the Moline, Illinois, farm-machinery maker. The farm economy is doing well, at least as far as Deere is concerned. The company’s net income rose 23% for the third quarter ended July 31, and Deere raised its forecast for the year. Deere was up by more than six percent this week.

Deere is one of only ten in the Yonder 40 that is up since July 1. Mine Safety Appliances leads the index over the last six weeks, up by 14.6 percent.

The Yonder 40 and its results for the past week can be found below.

THE YONDER 40: AUGUST 10-17, 2007

Companies Ticker Price August 17 Price Change for Week Percent Change for Week
Alico Inc. ALCO 51.03 $3.04 6.33%
Andersons Inc. ANDE 46.12 -$2.92 -5.95%
Burlington Northern Santa Fe Corp. BNI 79.56 -$1.02 -1.27%
Berkshire Hathaway BRKB 3,948.00 $323.00 8.91%
Bassett Furniture BSET 11.63 -$1.48 -11.29%
Peabody Energy Corp. BTU 41.48 -$3.86 -8.51%
Cabela's Inc. CAB 22.51 -$1.96 -8.01%
ConAgra Foods Inc. CAG 25.15 -$0.82 -3.16%
Cato Corp. Cl A CTR 21.39 $2.37 12.46%
Citizens Communications CZN 13.8 $0.28 2.07%
Deere & Co. DE 124.61 $7.31 6.23%
Dean Foods Co. DF 27.64 $0.21 0.77%
DIRECTV Group DTV 22.57 $0.73 3.34%
Family Dollar Stores Inc. FDO 27 $0.89 3.41%
Fleetwood Enterprises Inc. FLE 10.01 $0.34 3.52%
FairPoint Communications FRP 16.23 $0.23 1.44%
Gaylord Entertainment Co. GET 51.31 -$1.38 -2.62%
Hormel Foods HRL 33.89 $0.10 0.30%
International Speedway Corp. ISCA 48.3 $1.31 2.79%
Lee Enterprises LEE 19.19 $1.23 6.85%
Mohawk Industries Inc. MHK 86.33 -$1.07 -1.22%
Monsanto Co. MON 63.09 -$5.17 -7.57%
Mine Safety Appliances Co. MSA 50.14 -$1.45 -2.81%
Southwest Bancorp OKSB 21.62 $1.88 9.52%
Plum Creek Timber REIT PCL 40.1 -$1.16 -2.81%
Penn Virginia Corp. PVA 39.83 $0.63 1.61%
Ralcorp Holdings RAH 60.31 $0.44 0.73%
Regions Financial Corp. RF 32.06 $1.37 4.46%
Sturm Ruger & Co. RGR 17.33 $0.56 3.34%
Smithfield Foods SFD 28.76 -$3.24 -10.13%
Skywest Inc. SKYW 24.87 -$0.21 -0.84%
Southern Co. SO 36 -$0.66 -1.80%
Stage Stores Inc. SSI 17.92 -$0.77 -4.12%
Tractor Supply Co. TSCO 45.82 -$3.16 -6.45%
Tyson Foods TSN 20.01 $0.04 0.20%
UST Inc. UST 51.4 $0.53 1.04%
Waddell & Reed Financial Inc. WDR 25.13 $1.23 5.15%
Walter Industries WLT 23.96 $0.18 0.76%
Wal-Mart Stores WMT 43.49 -$2.58 -5.60%
Cimarex Energy XEC 35.61 -$1.55 -4.17%

 

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