5 of Last Week's Biggest Winners
What's better than momentum? Mo' momentum.
Last week wasn't particularly kind for equity investors. The Dow suffered a 2% decline, and the tech-heavy Nasdaq Composite fared even worse with a nearly 3% slide. There were thankfully more than a few stocks bucking the trend.
Let's take a closer look at five of this past week's biggest scorchers.
Company | Oct. 12 | Weekly Gain | My Watchlist |
|---|---|---|---|
James River Coal (NAS: JRCC) | $3.88 | 30% | |
VIVUS (NAS: VVUS) | $22.86 | 23% | |
Arch Coal (NYS: ACI) | $7.62 | 15% | |
First Solar (NAS: FSLR) | $22.11 | 10% | |
MeetMe (ASE: MEET) | $3.25 | 10% |
Source: Barron's.
Jamer River Coal was the biggest gainer among Nasdaq-listed companies. It was a good week for coal stocks, boosted by encouraging news about China's coal-hungry steel mills and an uptick in natural gas prices. James River Coal was the biggest beneficiary on a percentage basis, though Arch Coal also came through with a double-digit percentage pop.
VIVUS soared after its weight-loss pill Qsymia -- the first new obesity drug on the market in 13 years -- entered into a distribution deal with Express Scripts (NAS: ESRX) .
First Solar was a shooting star after an analyst at Cantor Fitzgerald waxed positively on the shares. The analyst feels that recently announced U.S. anti-dumping tariffs will increase domestic demand for First Solar's panels.
MeetMe moved higher after completing the final step in its strategy to combine its assets under a single brand. The transition of Quepasa.com users to the MeetMe platform is now finished.
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, check out our special report: "3 Stocks That Will Help You Retire Rich," The report is free -- like this article -- but it won't be around forever, so click here now to get your copy.
The article 5 of Last Week's Biggest Winners originally appeared on Fool.com.
Longtime Fool contributor Rick Aristotle Munarriz has no positions in the stocks mentioned above. The Motley Fool owns shares of Express Scripts. Motley Fool newsletter services recommend Express Scripts and First Solar. 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.
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