3 Stocks That Blew the Market Awayhttp://www.fool.com/investing/general/2013/05/20/3-stocks-that-blew-the-market-away-34.aspx Rick Munarriz
May 20, 2013
Don't settle for ordinary quarterly reports.
Every week, I take a look at three companies that beat market expectations, since I believe that it's the biggest factor in a stock beating the market. Leaving Wall Street's pros with stunned expressions can be a good thing. It usually means that the companies have more in the tank than analysts figured. Capital appreciation typically follows.
Let's take a look at a few companies that humbled the pros over the past few trading days.
We can start with Dangdang (NYSE: DANG). Shares of the Chinese online retailer soared 24% last week after posting a narrower quarterly deficit than Wall Street was expecting. Dangdang's loss of $0.15 a share was less than the $0.19 a share in red ink that analysts were forecasting.
This is the third consecutive quarter in which Dangdang has posted a smaller loss than the pros were projecting.
InterOil (NYSE: IOC) was another gusher. The energy explorer's profit of $0.08 a share during the first quarter may not seem like much. Net income actually clocked in 58% lower than it did a year earlier. However, Wall Street was actually bracing for a quarterly deficit. InterOil stock moved 18% higher on the week.
Finally, we have Brocade Communications