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Why Generac Holdings, Natus Medical, and Medidata Solutions Soared Today

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Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

The Dow Jones Industrial Average (DJINDICES: ^DJI  ) regained all its lost ground from yesterday and then some, climbing 96 points, and adding to its gains for the week as investors cheered a mostly favorable earnings season as well as signs of strength in the global economy. But outside the Dow, Generac Holdings (NYSE: GNRC  ) , Natus Medical (NASDAQ: BABY  ) , and Medidata Solutions (NASDAQ: MDSO  ) all delivered double-digit percentage gains that helped lift the broader market higher. Let's take a closer look to find out what sent those stocks soaring today.

Generac Holdings climbed 13% after releasing a favorable earnings report this morning. The maker of residential and light-commercial generators saw impressive sales growth of almost 21% that led to near-doubling of its profit. Generac got a lot of attention during Hurricane Sandy last year, when long power outages led many homeowners to look at emergency-power alternatives rather than relying on grid-based utilities to deliver on their service commitments. Investors have remained bullish about its prospects ever since, despite a lack of major hurricane activity so far in 2013.

Natus Medical gained 27%, also after a strong earnings report that raised investors' expectations for the future. The company makes a variety of diagnostic testing and monitoring products aimed at newborns, including neurodiagnostics for hearing, epilepsy, and sleep disorders. Sales at Natus rose 5% during the quarter, with profit almost doubling from the year-ago quarter. Positive guidance for the fourth quarter was well in excess of what investors had expected, justifying the big share-price advance.

The third quarter was also kind to Medidata Solutions, with the stock advancing almost 20% after posting gains of 27% in revenue from the previous year's quarter. Profits for the company were much better than analyst projections, as Medidata benefited from the movement in the health-care industry toward more digital and cloud-based solutions to improve efficiency and ease the free flow of health information. Clearly, share-price momentum is working in Medidata's favor in the hot industry, and investors should take care before jumping in at current levels.

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updated 11 hours ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

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Related Tickers

9/29/2016 4:35 PM
^DJI $18143.45 Down -195.79 -1.07%
BABY $39.04 Down -0.85 -2.13%
Natus Medical CAPS Rating: ****
GNRC $35.49 Down -0.26 -0.73%
Generac Holdings CAPS Rating: ***
MDSO $54.83 Down -1.84 -3.25%
Medidata Solutions CAPS Rating: *