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.
Miller Energy Resources (NYS: MILL)
CoreLogic (NYS: CLGX)
Liquidity Services (NAS: LQDT)
Central European Distribution (NAS: CEDC)
Swisher Hygiene (NAS: SWSH)
Miller Energy Resources was the market's biggest winner, and all it had to do was finally file its latest financial results. Miller has been deluged with class action lawsuits since revealing last month that its accounting may be suspect. The filing itself doesn't answer the meaty questions. The legal tussle has just begun. However, at least Miller is moving on.
Real-estate analytics specialist CoreLogic popped like a Vegas condo circa 2007 after announcing that it would entertain buyout offers. Yes, this is the same CoreLogic that cheered housing bulls last week when its index showed that home prices have risen for a fourth consecutive month.
Liquidity Services got a boost after agreeing to acquire Jacob Trading's consumer goods remarketing business. Oppenheimer upgraded the stock on the news, and that's a pretty big deal since Oppenheimer had downgraded Liquidity Services a month earlier.
Central European Distribution was the toast of the town after a private investor acquired a 9.6% stake in the Polish vodka. This isn't necessarily a prelude to a buyout, but private investors don't drink up this way for a passive investment.
Swisher went on a shopping spree, snapping up a Chicago franchisee, a Texan chemical company, and a Tennessee -based provider of linen and dust control. Swisher -- a specialist in cleaning and sanitation products and services to businesses and residential environments -- has been making the most of its highly fragmented sector by acquiring incremental businesses.
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.
At the time this article was published 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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