5 of Last Week's Biggest Winners

What's better than momentum? Mo' momentum. Let's take a closer look at five of this past week's biggest scorchers.

Company

March 29

Weekly Gain

Net 1 UEPS Technologies  (NASDAQ: UEPS  )

$7.40

23%

GT Advanced Technologies (NASDAQ: GTAT  )

$3.30

20%

Sarepta Therapeutics (NASDAQ: SRPT  )

$36.95

13%

Deckers Outdoor (NYSE: DECK  )

$55.69

11%

Rubicon Technology (NASDAQ: RBCN  )

$6.60

11%

Source: Barron's.

Let's start with Net 1 UEPS Technologies. The provider of payment processing soared after an appeals court upheld the company's lucrative contract with the South African Social Security Agency. The deal that would essentially make Net1 the lone handler of social welfare payments in South Africa for five years was met with corruption allegations last year. Now it seems as if Net1 may be able to carry through with the contract.

GT Advanced Technologies bucked the trend of cascading solar energy stocks last week by landing a promising contract. GT signed a "memorandum of understanding" with Powertec Energy for GT's poly silicon technology and equipment for an expansion project that Powertec expects to be delivered during the latter half of next year.

Sarepta Therapeutics moved higher on optimism that eteplirsen -- a drug currently in clinical trials testing for Duchenne muscular dystrophy -- may gain accelerated approval from the FDA.

Deckers Outdoor moved higher on positive analyst comments. Sterne Agee's Sam Poser believes that the footwear maker's new Ugg Pure concept -- replacing the fur part of Uggs' signature sheepskin boots with a wool pile process -- will begin to shave costs by next year.

Rubicon Technology was also on the receiving end of some Wall Street love. Canaccord Genuity initiated coverage of the industrial gemologist with a "buy" rating. Analyst Jonathan Dorsheimer thinks the sapphire market will tighten next year, making Rubicon a steal at just 0.5 times tangible book value. His price target on the shares is $10.

Editor's note: A previous version of this article referred to Support.com (SPRT) instead of Sarepta Therapeutics (SRPT). The Fool regrets the error.

Keep the good vibes coming
The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "
3 Stocks That Will Help You Retire Rich" names 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 keep reading.


Read/Post Comments (2) | Recommend This Article (3)

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 Report this Comment icon found on every comment.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2338325, ~/Articles/ArticleHandler.aspx, 8/29/2014 1:41:37 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement