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.


Dec. 20

Weekly Gain

Ariad Pharmaceuticals  (NASDAQ: ARIA  )



Violin Memory  (NYSE: VMEM  )



Himax  (NASDAQ: HIMX  )



BlackBerry  (NASDAQ: BBRY  )



Gigamon  (NYSE: GIMO  )



Source: Barron's.

Let's start with Ariad Pharmaceuticals. The biotech soared after the FDA cleared the return to market of its leukemia drug, Iclusig. Instances of blood clots led the regulatory agency to pull Iclusig off the market less than two months ago, but now Ariad can begin selling it again with a more restrictive label.

Violin Memory has lost a lot of ground this quarter, but it bounced back this past week after ousting its CEO and issuing a somewhat encouraging business update. The high-speed data storage specialist is still on track to introduce several new products early next year, targeting profitability by 2015.

Himax moved higher after getting an analyst nod. The supplier of display drivers and other chip solutions has been gaining steam this year as a wearable-computing play, and now its Northland Capital's top pick for 2014. Northland is increasing its price target from $12 to $15 on the prospects of Himax's role in Google Glass and other wearable applications.

BlackBerry was another winner despite posting horrendous quarterly results. It may have posted a brutal plunge in sales, a widening operating loss, and a huge inventory write-down, but the market was encouraged by its move to shift production to China's Foxconn. The cost-cutting move will likely free it from inventory exposure. BlackBerry also closed out the period with more than $3 billion in cash, giving it ample time to reinvent its way back to relevance.

Gigamon bounced back from the prior week's 13% slide, clawing its way back after D.A. Davidson analyst Mark Kelleher had initiated coverage of the developer of data traffic management software with an uninspiring "neutral" rating and $28 price target. This week's bounce was helped out by a partnership with Riverbed Technology that will allow two of their flagship products to work together to enhance their platforms. 

The press release announcing the partnership even included a suggested tweet:

#Riverbed and @gigamon partner to better enhance network and application performance management: #RPM

It's a #SignOfTheTimes, it seems. 

Keep going with six more stock winners
They said it couldn't be done. But David Gardner has proved them wrong time, and time, and time again with stock returns like 926%, 2,239%, and 4,371%. In fact, just recently one of his favorite stocks became a 100-bagger. And he's ready to do it again. You can uncover his scientific approach to crushing the market and his carefully chosen six picks for ultimate growth instantly, because he's making this premium report free for you today. Click here now for access.

Read/Post Comments (0) | Recommend This Article (2)

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.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

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: 2774067, ~/Articles/ArticleHandler.aspx, 9/29/2016 8:17:18 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...

Today's Market

updated 10 hours ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 4:00 PM
ARIA $14.14 Up +0.19 +1.36%
Ariad Pharmaceutic… CAPS Rating: **
BBRY $8.33 Up +0.45 +5.71%
BlackBerry CAPS Rating: *
GIMO $56.13 Up +0.46 +0.83%
Gigamon CAPS Rating: ***
HIMX $8.30 Down -0.61 -6.85%
Himax Technologies CAPS Rating: ****
VMEM $0.76 Down -0.03 -4.11%
Violin Memory CAPS Rating: *