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 | Dec. 21 | Weekly Gain | My Watchlist |
|---|---|---|---|
Velti | $5.33 | 39% | |
Tronox | $19.25 | 22% | |
JA Solar | $4.01 | 18% | |
BPZ Resources | $2.80 | 17% | |
TASER Systems | $8.69 | 14% |
Source: Barron's.
Irish mobile marketing specialist Velti rose after announcing a seasoned industry executive as its new CFO. Jeff Ross was formerly the CFO at software company Sybase. The move lends more credibility to Velti.
Tronox, a maker of titanium dioxide pigment used in paint, climbed after a bullish Barron's article sang the stock's praises as a value stock. Tronox was trading 37% below book value and at less than seven times next year's earnings when the article came out.
Solar stocks rallied last week, and JA Solar was one of its biggest beneficiaries. The State Council in China announced that it will reform the industry. Encouraging M&A activity and letting weak players buckle should help improve the situation where a glut of solar panels has squeezed margins. China also will reduce government support for the industry, banning local governments in doing the same. This won't be pretty for all of the players, but it should be enough to firm up prices.
There was no company-specific news moving BPZ Resources higher this week, but the oil and gas explorer did benefit from crude oil prices that headed higher on the week.
TASER pulled off a stunning week after announcing significant orders for its enhanced X2 stun guns from five different police departments. As a non-lethal form of weaponry, TASER is also generating interest in light of gun control chatter after the tragic Newtown shooting.
More winners for you
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The article 5 of Last Week's Biggest Winners originally appeared on Fool.com.
Longtime Fool contributor Rick Aristotle Munarriz and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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