Why ANN, CommScope Holding, and Thompson Creek Metals Jumped Today

Friday's early gains gave way to modest losses for the stock market, but a few strong stocks still managed to hold onto sizable gains. Find out more about what made these stocks soar.

Mar 21, 2014 at 8:00PM

During the past few weeks, investors have noticed a trend on Fridays, as traders who got burned by Russia's initial moves against Ukraine have been reluctant to take the risk of having positions over the weekend. That dynamic seemed to be at work today, as markets initially posted reasonably sizable gains before giving them up late Friday afternoon. Even with the turnaround, though, ANN (NYSE:ANN), CommScope Holding (NASDAQ:COMM), and Thompson Creek Metals (NYSE:TC) all managed to hang onto strong share-price advances today.

Women's retailer ANN jumped 13% after private equity investor Golden Gate Capital disclosed a 9.5% stake in the company behind the Ann Taylor chain of stores. Unlike many hedge funds and private-equity firms lately that have taken positions with plans to act as activist investors and propose major changes, Golden Gate said that it doesn't expect to follow that aggressive course. As a result, shareholders took the move as validating the turnaround efforts that ANN has made to keep its Ann Taylor brand strong and to build up its successful Loft concept, as well.

CommScope rose more than 10% following last night's announcement that the telecom-equipment company expects better results from strengthening conditions in its wireless business. With new expectations for 13% sales growth for the current quarter, and overall revenue growth in the mid-single digits for the full 2014 year, CommScope is benefiting from substantial investments by major wireless-network operators to improve the coverage and quality of their networks. Moreover, as areas around the world catch up and make improvements to their 3G networks, CommScope is getting its share of that business, as well. With so much growth potential, CommScope has further to climb if it can maintain its market share in this expanding niche.

Thompson Creek Metals added 9.5%. Friday was a strong day for copper companies and, increasingly, market participants have treated Thompson Creek like other copper miners in light of the huge prospects of its Mt. Milligan copper and gold mine. During the past several weeks, copper has gotten hit hard, as some fear that a potential crisis in the Chinese financial systems could have an impact on the base metal, which is used as collateral for loans in many cases. As long as Mt. Milligan's prospects remain solid, Thompson Creek's long-term growth seems assured, albeit with the potential exposure if copper prices were to fall dramatically from current levels.

Find stocks you can hold for the long haul
As every savvy investor knows, Warren Buffett didn't make billions by betting on half-baked stocks. He isolated his best few ideas, bet big, and rode them to riches, hardly ever selling. You deserve the same. That's why our CEO, legendary investor Tom Gardner, has permitted us to reveal The Motley Fool's 3 Stocks to Own Forever. These picks are free today! Just click here now to uncover the three companies we love. 

Dan Caplinger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.

1 Key Step to Get Rich

Our mission at The Motley Fool is to help the world invest better. Whether that’s helping people overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we can help.

Feb 1, 2016 at 4:54PM

To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach.

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.

"The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wrote (the clearly insightful and talented) money reporter Kathleen Elkins. "This site has something for every type of investor, from basic lessons for beginners to investing commentary on mutual funds, stock sectors, and value for the more advanced."

Our mission at The Motley Fool is to help the world invest better, so it's nice to receive that kind of recognition. It lets us know we're doing our job.

Whether that's helping the entirely uninitiated overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we want to provide our readers with a boost to the next step on their journey to financial independence.

Articles and beyond

As Business Insider wrote, there are a number of resources available from the Fool for investors of all levels and styles.

In addition to the dozens of free articles we publish every day on our website, I want to highlight two must-see spots in your tour of fool.com.

For the beginning investor

Investing can seem like a Big Deal to those who have yet to buy their first stock. Many investment professionals try to infuse the conversation with jargon in order to deter individual investors from tackling it on their own (and to justify their often sky-high fees).

But the individual investor can beat the market. The real secret to investing is that it doesn't take tons of money, endless hours, or super-secret formulas that only experts possess.

That's why we created a best-selling guide that walks investors-to-be through everything they need to know to get started. And because we're so dedicated to our mission, we've made that available for free.

If you're just starting out (or want to help out someone who is), go to www.fool.com/beginners, drop in your email address, and you'll be able to instantly access the quick-read guide ... for free.

For the listener

Whether it's on the stationary exercise bike or during my daily commute, I spend a lot of time going nowhere. But I've found a way to make that time benefit me.

The Motley Fool offers five podcasts that I refer to as "binge-worthy financial information."

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. It's also featured on several dozen 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 ... and I don't say that simply because the hosts all sit within a Nerf-gun shot of my desk. Rule Breaker Investing and Answers contain timeless advice, so you might want to go back to the beginning with those. The other three take their cues from the market, so you'll want to listen to the most recent first. All are available at www.fool.com/podcasts.

But wait, there's more

The book and the podcasts – both free ... both awesome – also come with an ongoing benefit. If you download the book, or if you enter your email address in the magical box at the podcasts page, you'll get ongoing market coverage sent straight to your inbox.

Investor Insights is valuable and enjoyable coverage of everything from macroeconomic events to investing strategies to our analyst's travels around the world to find the next big thing. Also free.

Get the book. Listen to a podcast. Sign up for Investor Insights. I'm not saying that any of those things will make you rich ... but Business Insider seems to think so.

Compare Brokers