Why Sina, Stage Stores, and BJ's Restaurants Jumped Today

The S&P set another all-time record high on optimism about the U.S. job picture and the broader economy. Yet, these stocks managed to outperform the modest gains in the broader market. Find out more about what made these stocks soar.

Mar 6, 2014 at 8:01PM
Longview

On Thursday, the U.S. stock market resumed its upward climb, with the S&P 500 finishing at another record high as investors continued to ride the five-year-old bull market higher. Even though gains in the broad market weren't extraordinarily large, several stocks enjoyed much greater gains, with Sina (NASDAQ:SINA), Stage Stores (NYSE:SSI), and BJ's Restaurants (NASDAQ:BJRI) all climbing substantially today.

Sina gained almost 9%, with two separate items sending the Chinese Internet stock higher. First, industry leader Baidu (NASDAQ:BIDU) created a lot of excitement about Chinese e-commerce stocks generally today when it said that China's e-commerce industry was growing six times faster than its U.S. counterpart. With investors hungry for growth, the idea that China's economy has stabilized, and still provides better opportunities than the U.S., was a big draw. In addition, a research firm noted that Sina could make an initial public offering of its popular Weibo microblog website by midyear and, given the reception that Twitter has received in the U.S., access to the Chinese market could raise massive interest among investors in an IPO.

Stage Stores climbed 13% after the retail company said that it would sell off its discount off-price retail stores to financial-services company Hilco Global. Stage Stores, which operates under several names including Bealls, Peebles, and Palais Royal, turned over responsibility for all of its Steele's off-price division's assets, save a single real-estate lease. Stage CEO Michael Glazer said that he believes that the sale "is an ideal next step for the Steele's retail brand going forward," but it was equally clear that Stage Stores believes that its regular niche department store brands are where it believes it can be most profitable going forward.

BJ's Restaurants soared almost 22% after receiving word from two major shareholders that it would nominate directors for the restaurant chain's board at its annual meeting. Although the company hasn't yet set a date for that meeting, the move from PW Partners and Luxor Capital Partners, which together own almost one out of every eight BJ's shares outstanding, signals a heightened level of activist interest in finding ways to boost the long-struggling stock's share price. With the stock down by almost half during the past two years, investors appear hopeful that BJ's will be better served by new ideas than from current management.

Do you own the best stocks you can find?
There's a huge difference between a good stock and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.

Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends Baidu, BJ's Restaurants, and Sina. The Motley Fool owns shares of Baidu, BJ's Restaurants, and Sina. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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