What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
Company |
June 17 |
Weekly Gain |
My Watchlist |
---|---|---|---|
M&F Worldwide |
$25.65 |
51% |
|
Timberland |
$43.03 |
44% |
|
Newcastle |
$5.59 |
24% |
|
Caribou Coffee |
$12.10 |
21% |
|
RealD |
$24.76 |
18% |
Source: Barron's.
M&F Worldwide popped after its largest shareholder announced plans to buy everyone else out at $24 a share. The proposed buyout called for a juicy 42% premium, but shares of the parent company of Harland Clarke's check- and form-printing businesses are holding out for a bigger check. The stock is now trading above the $24 buyout price.
Timberland also found a sugar daddy when VF
Newcastle Investment bounced back on Friday after the real estate investor reinitiated its dividend policy and announced new investments.
Caribou is the latest premium coffee stock to go on a tear. If the much smaller Jammin Java (OTC BB: JAMN.OB) could ride frothy speculation to a nearly $500 million market cap at one point last month, why can't the established Caribou be worth half that much?
Finally, we have shares of RealD bouncing back after an analyst upgrade. Morgan Joseph TriArtisan initiated coverage of the company that provides multiplex operators with 3-D screening technology with a buy rating. It's establishing a price target of $28 a share.
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.