By
Rick Aristotle Munarriz
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More Articles
May 9, 2011
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What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
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Company
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May 6
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Weekly Gain
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My Watchlist
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Kendle (Nasdaq: KNDL )
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$15.00
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50%
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Add
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BioScrip (Nasdaq: BIOS )
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$6.51
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41%
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Add
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International Coal (NYSE: ICO )
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$14.45
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31%
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Add
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Barnes & Noble (NYSE: BKS )
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$14.37
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31%
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Add
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ZST Digital Networks (Nasdaq: ZSTN )
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$3.78
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29%
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Add
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Source: Barron's.
Kendle was the market's top-performing company, taking off after agreeing to be acquired by privately held INC Research in a $232 million deal. INC is buying the provider of clinical research for the biotech industry for $15.25 a share.
Analysts figured that BioScrip would post a small loss in its first quarter. The pharmacy benefits manager came through with a profitable showing. The 31% top-line spike was largely the result of a home health services acquisition last year, but the better than expected bottom-line results can't be discounted.
Arch Coal (NYSE: ACI ) is buying International Coal in a $3.4 billion deal. The acquisition will make Arch the country's second-largest met coal miner.
Barnes & Noble scribbled a new chapter in its rocky tell-all. The meandering and profit-hungry superstore chain revealed in an SEC filing that it will be introducing a new e-reader on May 24. Whether it's an upgrade to its Nook Color or an entirely new device, Mr. Market loves a good page turner.
China's ZST responded to recent concerns that were raised about office space purchases and discrepancies between its SEC filings and its filings with the Chinese State Administration of Industry and Commerce. The supplier of digital and optical network equipment and installation services to Chinese cable system operators also posted blowout quarterly results, with revenue nearly doubling and earnings soaring 166%.
It was a great week for these five stocks. Now let's see if they're up for an encore.
Which of these five stocks do you think will continue to move higher? Share your thoughts in the comment box below.
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