What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
Company |
May 27 |
Weekly Gain |
My Watchlist |
---|---|---|---|
Sequans Communications |
$15.30 |
68% |
|
Advanced Analogic Technologies |
$6.03 |
60% |
|
Zale |
$5.77 |
39% |
|
Krispy Kreme |
$8.80 |
38% |
|
Quantum Fuel Systems |
$5.03 |
33% |
Source: Barron's.
Sequans Communications didn't seem to garner a lot of attention when it went public last month. Things changed last week when UBS, Needham, and Jefferies & Co. all initiated coverage with bullish ratings. These are the firms that took the French company public last month. Now they get the opportunity to sing Sequans' praises as a sexy 4G play for its WiMAX-proficient ways.
Skyworks
Last week was a good one for jewelers as Tiffany and Zale posted better-than-expected quarterly results. The historically downtrodden Zale came through with the biggest bounce, given the huge 15% spike in same-store sales and its narrowing deficit.
Shares of Krispy Kreme glazed their way toward a fresh 52-week high after the doughnut maker posted better-than-expected quarterly results. Krispy Kreme's profit of $0.13 a share clocked in well ahead of the $0.09 a share that analysts were looking for. Now I know why the neon "Hot Doughnuts Now" sign is on.
Finally, we have Quantum Fuel Systems revving up after announcing a deal with Dow Chemical
It was a great week for these five stocks. Let's see if they're up for an encore.
Which of these five stocks do you think will continue to move higher? Share your thoughts in the comment box below.