What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|
Company |
June 8 | Weekly Gain | My Watchlist |
|---|---|---|---|
|
Westport Innovations |
$30.55 | 31% | Add |
|
Yelp |
$19.64 | 25% | Add |
|
RF Micro Devices |
$4.32 | 23% | Add |
|
Dangdang |
$5.50 | 21% | Add |
|
MAKO Surgical |
$25.94 | 20% | Add |
Source: Barron's.
Westport Innovations took off after the maker of natural gas and liquefied petroleum gas engines and fuel systems inked a deal to develop natural gas powering solutions for Caterpillar's heavy machinery.
Yelp was the biggest gainer on the New York Stock Exchange. The fast-growing restaurant reviews website expanded into Finland last week. There was also a well-received boardroom addition, but the real driver here is simply that a busted IPO was redeemed during a welcome market rally last week.
RF Micro Devices received a pair of analyst upgrades. On Tuesday it was Avian talking up the value in the radio frequency component maker. The next day it was Davenport & Co.'s turn to wax bullish on the stock.
After tumbling 38.5% during the two prior months, Dangdang bounced back in a big way. Chinese stocks got a boost after the country lowered its key interest rates for the first time since 2008, and the popular Chinese e-tailer was a major beneficiary.
MAKO Surgical got a lift from an analyst upgrade. William Blair & Co raised its rating on the medical robotics specialist, noting that its forecast calls for strong sales in the second quarter.
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.
