By
Rick Aristotle Munarriz
|
More Articles
July 30, 2012
|
What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|
Company
|
July 27 Price
|
Weekly Gain
|
My Watchlist
|
| Sarepta Therapeutics (Nasdaq: SRPT ) |
$8.46 |
134% |
Add |
| InvenSense (NYSE: INVN ) |
$12.93 |
32% |
Add |
| Nevsun Resources (NYSE: NSU ) |
$3.74 |
29% |
Add |
| Lumber Liquidators (NYSE: LL ) |
$44.09 |
29% |
Add |
| Riverbed Technology (Nasdaq: RVBD ) |
$18.34 |
20% |
Add |
Source: Barron's.
Sarepta Therapeutics was last week's biggest winner, more than doubling on encouraging study results for its experimental muscular dystrophy drug.
Talk about perfect timing! On Monday I singled out InvenSense as one of five stocks under $10 worth buying. A blowout quarterly report two days later pushed the motion-based controller specialist into the double digits. Widening adoption of its Motion Interface offerings by smartphones and tablets finds InvenSense issuing guidance for stronger-than-expected sequential growth in the current quarter.
Gold and copper miner Nevsun Resources struck it rich after announcing increased base-metals reserves at its majority-owned Bisha Mine in Eritrea.
Lumber Liquidators made skeptics walk the plank, posting better-than-expected quarterly results. Net sales rose 20% as the hardwood flooring retailer's stores came through with a 12.4% spike in comps. Earnings more than doubled, blowing past Wall Street's estimates.
Finally, we had Riverbed Technology post encouraging financials. The WAN optimization specialist also posted an encouraging near-term outlook.
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.