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 | Feb. 8 | Weekly Gain | My Watchlist |
|---|---|---|---|
BlackBerry | $16.49 | 27% | |
MBIA | $10.20 | 17% | |
Whiting USA Trust | $7.06 | 14% | |
3D Systems | $66.91 | 14% | |
Sequenom | $4.70 | 13% |
Source: Barron's.
BlackBerry soared in its first week trading under its new ticker symbol and its first full week since leaving its Research In Motion moniker behind. The market's initial reaction to the smartphone pioneer's BlackBerry 10 unveiling last month wasn't positive, but opportunistic investors were snapping up the discounted shares this past week.
MBIA also moved higher. The financial-guarantee insurer rallied after a rival's lawsuit against a banker proved successful. The move opens the door for insurance guarantors to go after banking giants.
Sometimes all it takes is a big payout to get the market excited. Whiting USA Trust will pay a quarterly distribution of $0.577618 per unit next month. If the oil and gas partnership can keep that pace going for the balance of 2013, investors would be looking at a yield of more than 30%. There's no free lunch, of course. The units wouldn't be trading this high if the market thought the heavy payouts would be sustainable.
3D Systems bounced back after losing ground a week earlier. The additive manufacturing niche leader kicked off the week by announcing the availability of a 3-D reverse engineering and design tool for portable scanners that's powered by its Rapidform platform.
Shares of Sequenom have closed higher in six of the past seven trading days. On Monday, Sequenom announced that its flagship genetic maternity test will now screen for the presence of certain fetal sex chromosomal aneuploidies.
More winners for you
It was a great week for these five stocks, and now it's time to see which stocks will lead the way in the future.
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The article 5 of Last Week's Biggest Winners originally appeared on Fool.com.
Longtime Fool contributor Rick Aristotle Munarriz has no position in any stocks mentioned. The Motley Fool recommends, owns shares of, and has options on 3D Systems. 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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