5 of Last Week's Biggest Winners
What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
July 27 Price
|Sarepta Therapeutics (NAS: SRPT)||$8.46||134%||Add|
|InvenSense (NYS: INVN)||$12.93||32%||Add|
|Nevsun Resources (NYS: NSU)||$3.74||29%||Add|
|Lumber Liquidators (NYS: LL)||$44.09||29%||Add|
|Riverbed Technology (NAS: RVBD)||$18.34||20%||Add|
Sarepta Therapeutics was last week's biggest winner, more than doubling on encouraging study results for its experimental muscular dystrophy drug.
Talk about perfect timing! On Monday I singled out InvenSense as one of five stocks under $10 worth buying. A blowout quarterly report two days later pushed the motion-based controller specialist into the double digits. Widening adoption of its Motion Interface offerings by smartphones and tablets finds InvenSense issuing guidance for stronger-than-expected sequential growth in the current quarter.
Gold and copper miner Nevsun Resources struck it rich after announcing increased base-metals reserves at its majority-owned Bisha Mine in Eritrea.
Lumber Liquidators made skeptics walk the plank, posting better-than-expected quarterly results. Net sales rose 20% as the hardwood flooring retailer's stores came through with a 12.4% spike in comps. Earnings more than doubled, blowing past Wall Street's estimates.
Finally, we had Riverbed Technology post encouraging financials. The WAN optimization specialist also posted an encouraging near-term outlook.
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.
The article 5 of Last Week's Biggest Winners originally appeared on Fool.com.The Motley Fool owns shares of InvenSense, Riverbed Technology, and Lumber Liquidators Holdings.Motley Fool newsletter serviceshave recommended buying shares of Riverbed Technology and Lumber Liquidators Holdings.Motley Fool newsletter serviceshave recommended creating a stock position in Riverbed Technology. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.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 theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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