Why Universal Display, Taseko Mines, and Organovo Holdings Jumped Today

Stocks closed out the week on a mild up-note, recovering from early losses, and these three stocks did more than their fair share of the work. Find out more about what made them soar.

Jun 27, 2014 at 6:33PM

The stock market fought its way back from early losses on Friday, with investors taking heart from positive economic data, even as they prepared for the beginning of a new earnings season in the next couple of weeks. At least for now, it appears that policy makers will do their utmost to prevent any huge disruption in the stock market, and that boded well for shareholders today. In particular, shares of Universal Display (NASDAQ:OLED), Taseko Mines (NYSEMKT:TGB), and Organovo Holdings (NYSEMKT:ONVO) were among the best performers of the day, with their excitement helping to carry the whole market higher.

Source: Universal Display.

Universal Display jumped 8% after the maker of organic LED technology earned favorable comments from Wall Street analysts. The bullish argument for the company included assertions that the long-awaited launch of new large-screen television displays using Universal Display technology could help boost the company's results in the second half of 2014, and new applications, such as wearable technology, could present other growth opportunities. Universal Display has hoped for its customers to ramp up their demand for a while, but patient investors could be close to earning their reward if analysts are correct.

Taseko Mines rose almost 10% as shareholders favorably considered yesterday afternoon's decision from Canada's highest court regarding the company's key New Prosperity mine in British Columbia. The project has been held up in part by claims from First Nations aboriginal peoples that the New Prosperity mine lies within the boundaries of traditional territorial lands. Yesterday's court decision confirms the Tsilhqot'in First Nation's title to traditional lands beyond its formally defined reserve area, but it leaves the New Prosperity mine beyond those boundaries. Taseko hopes that the decision will remove objections to the development, and improve First Nations' relations with the company going forward.


Source: Organovo Holdings.

Organovo Holdings gained another 6%, adding to its impressive 12% rise from Thursday after a well-regarded researcher gave positive remarks about the potential for Organovo's 3-D liver assay test system to detect toxic substances that could do damage to liver tissue, even at relatively low levels. Given the need for tests like this to be sensitive enough to pick up potential problems under ordinary human-body conditions, the results helped bolster Organovo investors' bullish arguments for the stock. Organovo hopes to launch the liver assay test by the end of the year and, although that's ambitious, it's also a good sign that the company understands the need to jump on the opportunity in the 3-D niche while investors still have interest in it.

Leaked: This coming blockbuster will make every biotech jealous
The best biotech investors consistently reap gigantic profits by recognizing true potential earlier, and more accurately, than anyone else. Let me cut right to the chase. There's a product in development that will revolutionize not how we treat a common chronic illness, but potentially the entire health industry. Analysts are already licking their chops at the sales potential. In order to outsmart Wall Street and realize multi-bagger returns, you'll need The Motley Fool's new free report on the dream team responsible for this game-changing blockbuster. CLICK HERE NOW.

Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends Universal Display. The Motley Fool owns shares of Universal Display. 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