Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Pharmacyclics, Valeant Pharmaceuticals, and Cray Jumped Today

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

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.

After a disappointing start to 2014, the stock market finally gave bullish investors some respite, posting solid gains that made back much of the ground that the major-market benchmarks have given up in the new year. The lowest trade-deficit figures in more than four years helped raise spirits about the prospects for the U.S. economy, lifting the Dow by triple-digits. But Pharmacyclics (NASDAQ: PCYC  ) , Valeant Pharmaceuticals (NYSE: VRX  ) , and Cray (NASDAQ: CRAY  ) all posted much more impressive gains, rising by double-digit percentages for the day.

Pharmacyclics gained almost 20% on news that its Imbruvica treatment for certain types of leukemia and lymphoma got a recommendation from its independent data-monitoring committee to end its late-stage study early. With signs that the drug convincingly demonstrated superiority over GlaxoSmithKline's Arzerra treatment, Imbruvica could become a blockbuster for Pharmacyclics and marketing partner Johnson & Johnson, as long as the companies can position themselves to make the most of the opportunity.

Valeant climbed 11% after CEO Michael Pearson expressed enthusiasm about the Canadian pharmaceutical company's long-range prospects. Pearson said he expects Valeant's market capitalization to climb into the top five drug companies by the end of 2016. That target gives Valeant three years to roughly quadruple its market cap based on its current valuation and those of its peers. With a forecast for 40% higher adjusted earnings and revenue in 2014 from last year, based largely on the recent acquisition of eye specialist Bausch & Lomb, Valeant appears to be setting the stage to find that long-term success.

Cray gained 15%. Last night, the computer specialist confirmed its revenue guidance for 2013 and 2014, citing strength in its supercomputing segment, as well as its data analytics business. As the power of data analysis makes itself felt across the industry, Cray and other renowned businesses are reinventing themselves to take full advantage. That could give investors in Cray and other stocks a new lease on their investing lives.

Capture growth for your own portfolio
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 6 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 (0)

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.

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: 2786625, ~/Articles/ArticleHandler.aspx, 9/4/2015 12:51:14 PM

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...

Dan Caplinger

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

Today's Market

updated Moments ago Sponsored by:
DOW 16,092.42 -282.34 -1.72%
S&P 500 1,919.74 -31.39 -1.61%
NASD 4,681.64 -51.86 -1.10%

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

9/4/2015 12:33 PM
CRAY $20.85 Down -0.35 -1.65%
Cray, Inc. CAPS Rating: ****
PCYC $0.00 Down +0.00 +0.00%
VRX $227.02 Down -1.45 -0.63%
Valeant Pharmaceut… CAPS Rating: ***