What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|
Company |
Oct. 19 |
Weekly Gain |
My Watchlist |
|---|---|---|---|
|
James River Coal (Nasdaq: JRCC ) |
$5.00 |
29% |
|
|
Sify (Nasdaq: SIFY ) |
$2.51 |
16% |
|
|
Yongye (Nasdaq: YONG ) |
$5.51 |
15% |
|
|
Cree (Nasdaq: CREE ) |
$28.88 |
15% |
|
|
VirnetX (NYSEMKT: VHC ) |
$2.77 |
11% |
Source: Barron's.
James River Coal was one of the prior week's biggest gainers, and it did it again last week. Coal producers have been moving higher as natural gas prices begin to awaken from their slumber. Natural gas has been a market darling lately, but as prices inch higher, coal begins to look more attractive.
Sify moved higher after checking in with encouraging financial results. The India-based provider of IT services saw revenue and earnings climb 13% and 18% higher, respectively.
Yongye moved higher after executives and some investment firms moved to take the company private at $6.60 a share. The stock is still trading at a healthy discount to that price, suggesting that the market isn't sold on the privatization efforts for the Chinese fertilizer company succeeding.
Cree came through with a better-than-expected quarterly report. The LED lighting specialist saw revenue climb 17% to $315.8 million for the period, checking in with double-digit net margins on the way to an adjusted profit of $0.27 a share. Needham boosted its price target on the shares to $32 after the report.
VirnetX moved higher as it approaches a federal district court trial with Apple later this month. An analyst at William Blair views a recent International Trade Commission decision as a positive development for patent-rich VirnetX.
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, check out our special free report: "3 Stocks That Will Help You Retire Rich." In it, our analysts name three stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to access the report now.
RSS Headlines
Fool UK
Comments from our Foolish Readers
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the
Report this Comment icon found on every comment.
Be the first one to comment on this article.