What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
Company |
June 3 |
Weekly Gain |
My Watchlist |
---|---|---|---|
Hill International |
$6.31 |
54% |
|
Central Vermont Public Service |
$34.20 |
41% |
|
Yongye International |
$4.97 |
33% |
|
Corinthian Colleges |
$5.05 |
31% |
|
Samson Oil & Gas |
$3.30 |
21% |
Source: Barron's.
Hill was the New York Stock Exchange's biggest winner after landing a pair of contracts to help build out housing units in Iraq. The two agreements add up to $1.5 billion, a meaty upgrade to Hill's previous order backlog of $800 million.
Fortis is acquiring Central Vermont Public Service in an all-cash deal. CVPS shareholders will be cashed out at $35.10, a 44% premium to where the stock had previous closed.
Yongye bounced back after weeks of bearish attacks. The Chinese fertilizer maker announced a timely $50 million Morgan Stanley investment that also places a regional Morgan Stanley executive on Yongye's board.
Corinthian Colleges made the grade after new regulations for the for-profit educators weren't as harsh as worrywarts initially feared. It wasn't just Corinthian getting a little louder at the toga party. Peers Strayer Education
Finally, we have Samson Oil & Gas flexing its strength after paying off its debt facility. The now debt-free explorer also had some encouraging news on its operations.
It was a great week for these five stocks. Now 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.