What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|Dec. 23||Weekly Gain||My Watchlist|
Sunrise Senior Living
Winn-Dixie hit the checkout line with a big fat smile. The Southeastern grocery store operator is being acquired by rival Bi-Lo in an all-cash deal. The $9.50-per-share buyout price is a healthy 75% premium to Winn-Dixie's close before the announcement was made public.
Sunrise Senior Living rose after a bullish SeekingAlpha.com article played up the retirement home operator's buyout prospects given its improving balance sheet. A story later in the week indicated that a hedge fund manager with a sizable stake in Sunrise was increasing its position.
VirnetX jumped after speculation began to build that Apple
SandRidge Energy gained ground by losing ground. The company sold some of its acreage for a tidier sum than analysts were expecting.
Finally, there's USG. The gypsum materials specialist posted strong gains after a Commerce Report showed the strongest new housing starts data in two years. The news bodes well for USG's drywall business.
It was a great week for these five stocks. If you want to get an early read on some of tomorrow's major gainers, there's a special report on three hidden winners in a booming industry. The report is free -- like this article -- but it won't be around forever, so check it out now.