Why Whiting Petroleum, Advanced Micro Devices, and AeroVironment Soared Today

Stocks wasted no time starting out the week on a positive note. Find out more about what made these three stocks soar.

Jul 14, 2014 at 6:20PM
Longview

Monday brought strong gains for the stock market, with the ongoing success of the just-started earnings season helping to support major-market indexes even as they remain near their all-time record highs. Although the Dow and S&P 500 weren't able to close above their previous high-water marks, sentiment among investors appears to be quite positive as early reports from the financial sector haven't been as bad as many had feared. Moreover, big gains on the day from Whiting Petroleum (NYSE:WLL), Advanced Micro Devices (NASDAQ:AMD), and AeroVironment (NASDAQ:AVAV) helped improve the mood on Wall Street as well.

Www
Photo Credit: Flickr/katscool

Whiting Petroleum jumped 8% as the oil and gas exploration and production company scored a coup by acquiring peer Kodiak Oil & Gas (NYSE:KOG) in a $6 billion deal. With the deal involving entirely stock, it's unusual that Whiting shares would be able to hold their gains, but in fact, Whiting shares rose by a greater percentage than Kodiak's today. Despite some disappointment among Kodiak investors that they couldn't command an even greater premium to where the stock had traded recently, many are optimistic that Whiting Petroleum's long-term prospects are even more favorable now that it will have a commanding presence in the key Bakken Shale play. Moreover, with the opportunity to cut costs even further by joining forces, the new Whiting could reap even bigger advantages from its Bakken stake.

Amd Radeon Hd

Source: AMD.

Advanced Micro Devices climbed 6% as investors look forward to the company's quarterly report later this week. AMD has long labored in the shadow of larger chipmakers, failing to attain a leadership role either in PC microprocessors or in mobile devices. Yet over the holiday season, AMD achieved a measure of success by specializing in game-console chips, and investors hope that that strategy will yield positive results. Moreover, with reports that PC demand could be higher than expected this quarter, AMD could share in a rebound if desktops powered by AMD chips turn out to be what enterprise customers choose to replace aging machines.

Avav Big

Source: AeroVironment.

AeroVironment gained another 6%, adding to its gains from last week following a favorable earnings report. The maker of unmanned aerial vehicles built on the increasing popularity of drones, which saw a 42% jump in sales in its fiscal fourth quarter. Increases to revenue guidance also point to AeroVironment's belief that the positive trend favoring drones will continue. Given the stock's current valuation, investors are counting on that upward trajectory proving to be true, and any disappointment on the sales front could send AeroVironment's shares crashing back to earth.

Do you know this energy tax "loophole"?
You already know record oil and natural gas production is changing the lives of millions of Americans. But what you probably haven't heard is that the IRS is encouraging investors to support our growing energy renaissance, offering you a tax loophole to invest in some of America's greatest energy companies. Take advantage of this profitable opportunity by grabbing your brand-new special report, "The IRS Is Daring You to Make This Investment Now!," and you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.

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