5 of Last Week's Biggest Winners

It was a rocky week on Wall Street, with Nasdaq stocks inching lower and the Dow inching higher, but there were plenty of stocks really making some serious moves. Let's take a closer look at five of this past week's biggest scorchers.

Company

April 11

Weekly Gain

Titan Machinery  (NASDAQ: TITN  )

$19.90

27%

Thompson Creek Metals  (NYSE: TC  )

$2.85

21%

Questcor Pharmaceuticals  (NASDAQ: QCOR.DL  )

$80.12

18%

Constant Contact  (NASDAQ: CTCT  )

$25.84

16%

Rite Aid  (NYSE: RAD  )

$7.04

14%

Source: Barron's.

Let's start with Titan Machinery. The retailer of agricultural gear shot higher after blowing Wall Street's profit targets out of the water. Revenue declined nearly 10% in its latest quarter, and adjusted earnings fell sharply to $0.35 a share. This report may not seem like much of a catalyst for a rally, but assessing every crop harvest is always based on expectations. In Titan's case, analysts were only forecasting a profit of $0.20 a share.

Thompson Creek Metals moved higher after announcing that concentrate production for Mt. Milligan clocked in at 28,200 dry metric tons, correcting a press release that initially pegged the production at 22,200 dry metric tons. Expanding from its roots in molybdenum, Thompson Creek sported healthy sequential growth in gold and copper production in its latest quarter.

Questcor Pharmaceuticals moved higher after receiving a buyout bid that values the drug maker at nearly $5.6 billion. Questcor has been a popular short lately, but clearly there's an Irish pharmaceuticals giant that believes in Questcor's existing drugs and the potential for its Acthar gel that's aiming to tackle the treatment of Lou Gehrig's disease.

Constant Contact is a mailing list manager for companies and website operators to update followers. It updated the market this past week by issuing a preliminary peek at its latest quarter that suggests market-thumping results during the past three months. Dougherty & Company upgraded Constant Contact on the news.

Finally we have Rite Aid doing everything right in its latest report. The drugstore chain came through with a quarterly profit of $0.06 a share. Analysts were settling for net income of just $0.04 a share. This is no longer a matter of a turnaround. After rattling off several profitable quarters in a row it's safe to say that the drugstore operator is back. Rite Aid's guidance also clocked in stronger than the pros were projecting.

Keep the winners coming
One of the dirty secrets that few finance professionals will openly admit is that dividend stocks as a group handily outperform their non-dividend-paying brethren. However, knowing this is only half the battle. The other half is identifying which dividend stocks in particular are the best. With this in mind, our top analysts put together a free list of nine high-yielding stocks that should be in every income investor's portfolio. To learn the identity of these stocks instantly and for free, all you have to do is click here now.


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: 2913287, ~/Articles/ArticleHandler.aspx, 11/26/2014 12:38:43 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 2 hours ago Sponsored by:
DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASD 4,758.25 3.36 0.07%

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

11/25/2014 3:59 PM
CTCT $33.83 Up +0.46 +1.38%
Constant Contact CAPS Rating: **
QCOR.DL $0.00 Down +0.00 +0.00%
Questcor Pharmaceu… CAPS Rating: **
RAD $5.59 Down -0.04 -0.71%
Rite Aid Corp CAPS Rating: ***
TC $1.92 Down -0.01 -0.52%
Thompson Creek Met… CAPS Rating: ****
TITN $14.70 Up +0.02 +0.14%
Titan Machinery CAPS Rating: ***

Advertisement