What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|June 8||Weekly Gain||My Watchlist|
RF Micro Devices
Westport Innovations took off after the maker of natural gas and liquefied petroleum gas engines and fuel systems inked a deal to develop natural gas powering solutions for Caterpillar's heavy machinery.
Yelp was the biggest gainer on the New York Stock Exchange. The fast-growing restaurant reviews website expanded into Finland last week. There was also a well-received boardroom addition, but the real driver here is simply that a busted IPO was redeemed during a welcome market rally last week.
RF Micro Devices received a pair of analyst upgrades. On Tuesday it was Avian talking up the value in the radio frequency component maker. The next day it was Davenport & Co.'s turn to wax bullish on the stock.
After tumbling 38.5% during the two prior months, Dangdang bounced back in a big way. Chinese stocks got a boost after the country lowered its key interest rates for the first time since 2008, and the popular Chinese e-tailer was a major beneficiary.
MAKO Surgical got a lift from an analyst upgrade. William Blair & Co raised its rating on the medical robotics specialist, noting that its forecast calls for strong sales in the second quarter.
More winners for you
It was a great week for these five stocks. If you want to get an early read on some of tomorrow's major gainers, there's a special report on three hidden winners in a booming industry. The report is free -- like this article -- but it won't be around forever, so check it out now.
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.
The Motley Fool owns shares of Westport Innovations and MAKO Surgical. Motley Fool newsletter services have recommended buying shares of MAKO Surgical and Westport Innovations. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.