By
Rick Aristotle Munarriz
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More Articles
January 23, 2012
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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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Jan. 20
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Weekly Gain
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My Watchlist
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| Convio (Nasdaq: CNVO ) |
$15.90 |
48% |
Add |
| Sears Holdings (Nasdaq: SHLD ) |
$49.00 |
46% |
Add |
| Net 1 UEPS (Nasdaq: UEPS ) |
$9.97 |
44% |
Add |
| Dangdang (NYSE: DANG ) |
$7.54 |
27% |
Add |
| Cree (Nasdaq: CREE ) |
$27.19 |
19% |
Add |
Source: Barron's.
Convio was one of the market's biggest winners. Blackbaud will be buying the provider of fundraising software in a deal that values Convio at $16 a share.
Sears Holdings has been the hottest component of the S&P 500 three weeks into 2012. Despite bleak holiday sales metrics posted late last year, speculators are hoping that helmsman Eddie Lampert will take the company private.
Net 1 UEPS Tech took off after the payment and transaction services provider landed a five-year deal to distribute social grants in South Africa.
Dangdang continues its strong bounce three weeks into 2012. Encouraging GDP news out of China -- showing that the world's most populous nation grew at an 8.9% clip in the fourth quarter -- helped propel shares of the Chinese online retailer higher. The GDP news shows that China's growth may be decelerating, but clearly not at a problematic clip.
Finally, we have Cree overcoming an uninspiring quarterly report when a couple of analysts stood up for the company's future potential.
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.
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