What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|
Company |
Jan. 20 |
Weekly Gain |
My Watchlist |
|---|---|---|---|
| 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.
