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.
Company | Jan. 20 | Weekly Gain | My Watchlist |
|---|---|---|---|
Convio (NAS: CNVO) | $15.90 | 48% | |
Sears Holdings (NAS: SHLD) | $49.00 | 46% | |
Net 1 UEPS (NAS: UEPS) | $9.97 | 44% | |
Dangdang (NYS: DANG) | $7.54 | 27% | |
Cree (NAS: CREE) | $27.19 | 19% |
Source: Barron's.
Convio was one of the market's biggest winners. Blackbaud will be buying the provider of fundraising software in a deal that values Convio at $16 a share.
Sears Holdings has been the hottest component of the S&P 500 three weeks into 2012. Despite bleak holiday sales metrics posted late last year, speculators are hoping that helmsman Eddie Lampert will take the company private.
Net 1 UEPS Tech took off after the payment and transaction services provider landed a five-year deal to distribute social grants in South Africa.
Dangdang continues its strong bounce three weeks into 2012. Encouraging GDP news out of China -- showing that the world's most populous nation grew at an 8.9% clip in the fourth quarter -- helped propel shares of the Chinese online retailer higher. The GDP news shows that China's growth may be decelerating, but clearly not at a problematic clip.
Finally, we have Cree overcoming an uninspiring quarterly report when a couple of analysts stood up for the company's future potential.
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.
At the time thisarticle was published Motley Fool newsletter services have recommended buying shares of Net 1 Ueps Technologies. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure 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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