What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|
Company |
March 2 | Weekly Gain | My Watchlist |
|---|---|---|---|
|
Omeros |
$7.89 | 26% | Add |
|
BlueLinx Holdings |
$2.54 | 23% | Add |
|
Pegasystems |
$35.82 | 23% | Add |
|
Cheniere Energy |
$16.67 | 19% | Add |
|
Youku |
$26.02 | 16% | Add |
Source: Barron's.
Omeros was one of Wall Street's biggest winners, as the biopharmaceutical company revealed that is has identified compounds that functionally interact with several orphan G protein-coupled receptors.
BlueLinx was the second-biggest gainer on the New York Stock Exchange. It's been a couple of weeks since the building products distributor posted a narrower quarterly deficit, but encouraging news out of the home improvement companies that reported earnings earlier in the week inspired confidence in related companies.
Pegasystems grew wings after posting better-than-expected quarterly results. Adjusted earnings more than doubled on a 30% surge in revenue. The enterprise software company also issued encouraging guidance.
Cheniere climbed after a subsidiary received meaty financing to build a gas-liquefaction plant in Louisiana. The $2 billion private equity infusion should silence the skeptics.
Finally, Youku had a strong week despite a poorly received report out of the Chinese video website's nearest publicly traded rival. The niche leader itself reports next week.
More winners for you
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.
