What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
Company |
Nov. 4 |
Weekly Gain |
My Watchlist |
---|---|---|---|
Medivation |
$41.60 | 136% | Add |
DragonWave |
$5.09 | 50% | Add |
Leap Wireless |
$8.84 | 29% | Add |
Nam Tai Electronics |
$5.98 | 25% | Add |
Aeropostale |
$17.42 | 22% | Add |
Source: Barron's.
Medivation was last week's biggest winner, more than doubling after reporting encouraging news on its promising prostate cancer treatment. Medivation's MDV3100 was shown to extend the lives of late-stage patients -- those where chemotherapy failed to eradicate the cancer -- by five months.
DragonWave was already having a strong week before announcing it would be buying the microwave technology business of Nokia Siemens Networks. The deal was enough to propel DragonWave's shares 41% higher on Friday alone.
Leap Wireless -- the company behind the Cricket prepaid wireless service -- climbed after posting robust quarterly results. Subscribers and revenue are growing, and churn is improving.
Chinese electronics manufacturer Nam Tai posted a soft quarterly report but bounced back after offering a rosy sales growth outlook for next year. Nam Tai is also raising its quarterly dividend by 40%.
Unlike rival Abercrombie & Fitch
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.