What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
Central European Distribution (NAS: CEDC)
The9 (NAS: NCTY)
Zoltek (NAS: ZOLT)
Mitel Networks (NAS: MITL)
MBIA (NYS: MBI)
Polish vodka maker Central European Distribution was the toast of the town after rival Russian Standard Vodka took a 9.9% stake in the company. This may not be a prelude to a buyout, but it should provide some welcome stability given the shared interest in seeing Central European Distribution appreciate from here.
The9 has been largely a forgotten Asian company since losing its World of Warcraft license to NetEase.com (NAS: NTES) two years ago, but now it may have a homegrown winner in a game called Firefly. The9 announced an agreement that will net a subsidiary $23 million plus royalties for distributing the role-playing game across Southeast Asia.
Zoltek gained ground after posting impressive quarterly results. Sales climbed 39%, as the carbon fiber company reversed a year-ago deficit with a modest profit. Analysts were expecting another quarterly loss.
Mitel Networks ran higher after the business communications and collaboration software maker delivered strong financials. The Canadian company's revenue and adjusted profit clocked in ahead of Wall Street expectations for its fiscal second quarter.
No news was certainly good news for MBIA. The bond insurer was the biggest gainer on the New York Stock Exchange after Standard & Poor's affirmed an investment-grade rating for MBIA's municipal bond-insuring subsidiary.
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 comments box below.
At the time thisarticle was published Motley Fool newsletter serviceshave recommended buying shares of NetEase.com. 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.