What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|March 23||Weekly Gain||My Watchlist|
Gordmans Stores popped after posting healthy results for the holiday quarter. The department store chain saw net sales and earnings soar 10% and 21%, respectively.
Oxford Resource Partners investors struck it rich after the low-cost producer of steam coal reaffirmed its commitment to a minimum quarterly distribution of $0.4375 a share. Despite a recent setback, Oxford feels that the payout rate is sustainable at least through 2012. It's a hearty yield of 18.9% even after the pop.
Cost Plus is another retailer making a strong move last week on robust holiday quarter results. The seller of casual home living and entertaining products saw its same-store sales spike 7.6%, and that's on top of a 7.7% store-level increase during the prior year's fiscal fourth quarter. Cost Plus' outlook calls for comps to climb another 5% to 6% for all of its new fiscal year.
Staffing specialist On Assignment got the job done after announcing the $600 million acquisition of Apex Systems. The smaller rival had Apex had roughly $700 million in revenue and $65 million in EBITDA in 2011, so On Assignment is paying a fair price before considering the post-merger synergies.
Needham upgraded shares of Glu Mobile on the heels of the head-turning OMGPOP acquisition. If the developer behind a single hit game is worth roughly $200 million, shouldn't the more established Glu be worth more than its current market cap of $300 million?
More winners for you
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Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.