What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
Omeros (NAS: OMER)
BlueLinx Holdings (NYS: BXC)
Pegasystems (NAS: PEGA)
Cheniere Energy (ASE: LNG)
Youku (NYS: YOKU)
Omeros was one of Wall Street's biggest winners, as the biopharmaceutical company revealed that is has identified compounds that functionally interact with several orphan G protein-coupled receptors.
BlueLinx was the second-biggest gainer on the New York Stock Exchange. It's been a couple of weeks since the building products distributor posted a narrower quarterly deficit, but encouraging news out of the home improvement companies that reported earnings earlier in the week inspired confidence in related companies.
Pegasystems grew wings after posting better-than-expected quarterly results. Adjusted earnings more than doubled on a 30% surge in revenue. The enterprise software company also issued encouraging guidance.
Cheniere climbed after a subsidiary received meaty financing to build a gas-liquefaction plant in Louisiana. The $2 billion private equity infusion should silence the skeptics.
Finally, Youku had a strong week despite a poorly received report out of the Chinese video website's nearest publicly traded rival. The niche leader itself reports next week.
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.
At the time thisarticle was published Motley Fool newsletter serviceshave recommended buying shares of Pegasystems. 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.