What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|August 3||Weekly Gain||My Watchlist|
|Genco Shipping (NYSE: GNK )||$3.73||59%||Add|
|Blue Nile (Nasdaq: NILE )||$32.00||34%||Add|
|United Online (Nasdaq: UNTD )||$5.12||20%||Add|
|Green Mountain Coffee Roasters (Nasdaq: GMCR )||$21.63||20%||Add|
|Yelp (NYSE: YELP )||$23.40||20%||Add|
Genco Shipping & Trading soared after revealing that creditors were relaxing some of the debt-laden dry-bulk shipper's loan provisions.
Blue Nile got its bling on after the online jeweler posted a 13% pop in net sales and reaffirmed its earlier outlook for all of 2012. Maintaining one's outlook may not seem to be a positive development, but it is in Blue Nile's case since Wall Street was banking on the upscale jeweler that specializes in engagement rings to hose down its guidance.
United Online connected with investors after posting better-than-expected quarterly results. The provider of value-priced Internet connectivity also revealed plans to spin off its FTD subsidiary to unlock the company's value.
Green Mountain Coffee Roasters delivered caffeinated gains after cranking out quarterly results that weren't as bad as extreme worrywarts feared. The company behind the Keurig single-cup brewing platform may have lowered its guidance, but the refreshed outlook still calls for double-digit top- and bottom-line growth.
Finally, we have Yelp collecting rave shareholder reviews after posting a narrower deficit than analysts were targeting. The restaurant reviews website also offered up encouraging near-term guidance.
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.