What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|Cheniere Energy (AMEX: LNG )||$11.93||98%||Add|
|Quepasa (AMEX: QPSA )||$4.41||49%||Add|
|Suntech Power (NYSE: STP )||$3.08||49%||Add|
|Manitowoc (NYSE: MTW )||$11.96||41%||Add|
|Dangdang (NYSE: DANG )||$7.56||40%||Add|
Cheniere led the market last week, nearly doubling after a publicly traded subsidiary inked a liquefied natural gas deal that may be worth as much as $8 billion.
Quepasa shares soared 49% last week, but the small dot-com has still shed nearly half of its value over the past three months. There was no material news out of the company, but Quepasa is now a week closer to closing on its needle-moving acquisition of myYearbook.
Suntech Power climbed in what was a welcome week for solar energy stocks. LDK Solar (NYSE: LDK ) wasn't too far behind, checking in with a 44% advance. Optimism for stability in Europe's sovereign debt crisis -- where Germany is a major solar customer -- helped give most stocks in this slammed specialty a lift.
Manitowoc's comforting quarterly report helped move its stock higher. Manitowoc is reaffirming its full-year revenue guidance of 20% to 25% growth in its crane business and high single-digit top-line growth for its foodservice business.
Dangdang and E-House Holdings (NYSE: EJ ) climbed 40% as investors warmed up to Chinese stocks last week. There was no material news on e-tailer Dangdang or real estate agency E-House, but both stocks have been beaten down into the single digits in recent months. A bounce was more than warranted given a strengthening yuan and China's relatively strong growth.
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.