What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
Liz Claiborne (NYS: LIZ)
Glu Mobile (NAS: GLUU)
ATP Oil & Gas (NAS: ATPG)
Genco Ship Trading (NYS: GNK)
JinkoSolar (NYS: JKS)
Liz Claiborne isn't getting married, but she'll be giving up her maiden name. Shares of Liz Claiborne soared after the company agreed to sell several of its brands -- including its namesake brand -- to J.C. Penney (NYS: JCP) in a $328 million deal. The move will give Liz Claiborne the ability to pay down its debt and focus on its premium Juicy Couture, Lucky, and kate spade brands.
Glu Mobile introduced a new mobile game. Contract Killer: Zombies is a console-style first person shooter. It's what they call a "freemium" title, meaning that it's free to download and play, but paying up for virtual goodies makes the game more engaging for those wanting a richer gaming experience.
ATP Oil & Gas has been a volatile stock, especially given its offshore drilling pursuits. Last week was generally a good one for the sector, so it isn't a surprise to see ATP as one of the leaders.
Genco ships dry bulk goods -- including coal, grain, and iron ore -- overseas. This is another volatile stock benefiting from a week that featured largely positive global economic news.
JinkoSolar continues to bounce back. The solar energy company was pounded last month on allegations that one of its plants was polluting a nearby river with toxic waste. The stock popped 30% two weeks ago, following that up with a 34% surge last week.
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 thisarticle was published Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.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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