By
Rick Aristotle Munarriz
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More Articles
August 8, 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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Aug. 5
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Weekly Gain
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My Watchlist
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Web.com (Nasdaq: WWWW )
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$11.94
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37%
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Add
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Emdeon (NYSE: EM )
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$18.25
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18%
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Add
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Caribou Coffee (Nasdaq: CBOU )
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$15.48
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17%
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Add
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STAAR Surgical (Nasdaq: STAA )
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$5.33
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17%
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Add
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j2 Global Communications (Nasdaq: JCOM )
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$30.20
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13%
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Add
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Source: Barron's.
Web.com got a boost when it made a model-altering purchase. Web.com is buying the much larger Network Solutions. The purchase will be accretive to earnings. It will also triple Web.com's customer base, giving it a substantially greater audience to market its web services to.
It was generally a bad week for health-care stocks, but that certainly wasn't the case for Emdeon. Blackstone Group (NYSE: BX ) agreed to buy the health-care billing specialist in a $3 billion deal. Shareholders will be taken out at $19 a share.
Caribou announced plans to expand its consumer packaged goods business. It also came through with a strong quarter, as earnings nearly doubled, fueled by a 16.5% uptick in consolidated sales and a healthy 4.6% gain in store-level comps.
STAAR Surgical made the cut after posting strong results and raising its 2011 outlook. The maker of minimally invasive ophthalmic products delivered a slightly better than projected profit on a 19% revenue spurt.
Shares of j2 also followed in STAAR's footsteps of posting a blowout quarter and sweetening the deal by bumping its guidance higher.
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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