Why Renren, AeroVironment, and Smith & Wesson Soared Today

Even as the market took a pause from recent volatility related to the Ukrainian crisis, these stocks posted impressive gains Wednesday. Find out more about what made these stocks soared.

Mar 5, 2014 at 8:01PM
Longview

Stocks paused Wednesday, with the S&P 500 closing near the unchanged level as investors waited to see what might happen next both geopolitically in Ukraine as well as domestically in the weather-torn U.S. economy. Even with stocks fighting to a draw today, Renren (NYSE:RENN), AeroVironment (NASDAQ:AVAV), and Smith & Wesson Holding (NASDAQ:SWHC) managed to give their shareholders good news today, with their shares rising sharply in response.

Renren soared almost 23%, adding to its nearly 10% jump Tuesday. Although the Chinese social-media company didn't make any major announcements today, sentiment in China's Internet industry has been extremely strong lately, with solid earnings results from search giant Baidu (NASDAQ:BIDU) last week helping to drive gains for a number of players in the space. With Baidu having bought Renren's Nuomi group-buying site in January, investors want to know how Renren will move forward from here, especially given that the growth at Nuomi was one of the sole bright spots for the company during the third quarter.

AeroVironment climbed 21% after the drone-maker announced its most recent quarterly results. Revenue jumped by almost half, with solid performance both for its unmanned aircraft division and its electric-charging business. As companies start to look at the commercial potential of drones, AeroVironment could see a huge expansion of the drone business beyond its current military focus. Meanwhile, as demand for electric vehicles begins to climb, the company's charging systems could become a much more integral part of its overall business, maximizing AeroVironment's overall growth opportunities.

Smith & Wesson gained 16% as the gunmaker's quarterly report included a 7% jump in sales, which helped boost adjusted net income by nearly 35% and well exceeded the more tepid expectations that investors had for the company. Moreover, Smith & Wesson gave positive guidance for its current quarter, raising its full-year fiscal 2014 projections for revenue and profits. Even though rival Sturm, Ruger (NYSE:RGR) didn't fare as well last week, disappointing investors and sending its shares down in response, Smith & Wesson shows that the gun industry isn't down for the count just yet.

Do you have what it takes to pick winning stocks?
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.

Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends AeroVironment and Baidu and owns shares of Baidu. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at www.fool.com/podcasts.

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to www.fool.com/podcasts, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.

 


Compare Brokers