Citigroup (NYSE:C) led a laundry list of financials charging higher Tuesday, gaining a whopping 7.7% to finish at $34.98. Bank of America (NYSE:BAC), one of the seeming villains of last year, got a 4.3% head start on the rest of 2012, while national bretheren JPMorgan (NYSE:JPM, +5.2%) and Wells Fargo (NYSE:WFC, +3.2%) also celebrated the arrival of Baby New Year.
Materials companies also started hot. ArcelorMittal (NYSE:MT), which lost almost half its value in 2011, gained almost 9% on the day and finished at $19.77, with sector mates National Steel (NYSE:SID) and U.S. Steel (NYSE:X) climbing 7% and 6.5%, respectively. And InvestorPlace Editor Jeff Reeves got off to a roaring start to the 10 Best Stocks for 2012 competition, as his pick — 2011 hard-luck story Alcoa (NYSE:AA) — gained 6.7%.
Only four Dow Jones stocks were absent from the party, including a couple big winners from 2011. Verizon (NYSE:VZ), which gained 12% last year, was down 1%; and McDonald’s (NYSE:MCD) — the best Dow stock of 2011 — fell 1.5%.
Another notable loser Tuesday was Angie’s List (NASDAQ:ANGI), one of 2011’s big social IPOs. After the quiet period for Angie’s List expired, analysts were fairly reserved on the stock, sending ANGI shares down more than 6% on the day.Three Up
As of this writing, Kyle Woodley did not hold a position in any of the aforementioned stocks. Check out our list of previous IP Market Recaps.