By
Rick Aristotle Munarriz
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More Articles
August 22, 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. 19
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Weekly Gain
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My Watchlist
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Motorola Mobility (NYSE: MMI )
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$37.86
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55%
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Add
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Eastman Kodak (NYSE: EK )
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$3.04
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47%
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Add
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China XD Plastics (Nasdaq: CXDC )
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$4.70
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42%
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Add
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Life Partners Holdings (Nasdaq: LPHI )
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$7.50
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27%
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Add
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Silicon Graphics (Nasdaq: SGI )
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$15.10
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23%
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Add
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Source: Barron's.
Motorola Mobility was last week's biggest winner. If you didn't hear about Google's (Nasdaq: GOOG ) head-turning deal to snap up the patent-rich handset maker for $12.5 billion, you really need to lay off those weeklong naps.
Kodak also rode the intellectual property feeding frenzy higher. Kodak may be a forgotten pioneer in its fading photofinishing business, but there should be a healthy interest in its valuable digital imaging patents.
China XD Plastics was one of the rare Asian winners last week. The maker of automotive plastics posted a better than expected profit on a juicy 43% surge in revenue.
Life Partners Holdings rose in four of last week's five trading days. The life settlements specialist had announced the previous Friday that it received Nasdaq's approval for its plan to regain compliance on the exchange in order to maintain its listing on it.
Finally, we have Silicon Graphics moving higher. The heavy-duty computing powerhouse had a monster quarter, coming through with an adjusted profit of $0.12 a share. Analysts were banking on a small loss. Silicon Graphics' revenue of $195.5 million also floored it past Wall Street's target of $160.7 million.
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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