It was a good week to be a bull. U.S. markets stayed positive through most of the week as investors cheered progress on addressing the debt crisis in Europe and strong economic reports in the United States. Capping the week, the U.S. Department of Labor announced that 243,000 jobs were added in January, far more than economists were expecting. Rising payrolls helped knock the unemployment rate down to 8.3%.
By the time the dust had settled, the Dow Jones Industrial Average
Top 3 Performing Sectors
Russell 3000 Sector
Weekly Price Change
Month-to-Date Price Change
Source: S&P Capital IQ. Weekly price change is Jan. 27-Feb. 3. Monthly price change is Jan. 31-Feb. 3.
For the top performers in the Russell 3000 it was all about earnings. Corinthian Colleges
St. Louis-based carbon and technical fiber manufacturer Zoltek
Top 3 Performing Russell 3000 Companies
Weekly Price Change
Source: S&P Capital IQ. Weekly price change is Jan. 27-Feb. 3. Includes only companies with a market cap of $250 million or higher.
Also among the week's top performers were Green Mountain Coffee Roasters
Amylin joins the party without an earnings announcement but with some very bullish news of its own. Investors were celebrating this week as the U.S. Food and Drug Administration finally approved the company's once-a-week diabetes treatment. As my fellow Fool Brian Orelli explained, the stock didn't go absolutely bananas because most investors already expected the drug to be approved. Nevertheless, the 41% that the stock flew up during the week should be enough to have Amylin investors smiling this weekend.
That's it for this week's top-performers recap. If you're looking for some ideas for strong outperformers for the rest of year, The Motley Fool has created a brand-new free report titled "The Motley Fool's Top Stock for 2012." In it, my fellow Fools reveal a top pick that's poised for explosive growth ahead. Get instant access -- it's free.
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Fool contributor Matt Koppenheffer has no financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter, @KoppTheFool, or on Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.