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.
Let's start with Fusion-io. The pioneer of flash memory data storage solutions spiked on consolidation in the hard-drive sector. Western Digital's move to buy Virident Systems in a $685 million deal renewed speculation that Seagate will make a play for Fusion-io to expand beyond its fixed-disk drive stronghold. Analysts at Pacific Crest think Fusion-io can be acquired for as much as $27 a share.
NQ Mobile pumped up the volume after rolling out its Music Radar app in China. The smartphone application offers users an easy platform to search for tunes, identification tools, and a personalized music recommendation engine.
Nokia came through with its second consecutive week of double-digit percentage gains. A week earlier it soared on the sale of its devices and services business in a $7.2 billion deal. This time around it was analysts rallying behind the Finnish handset pioneer. RBC Capital Markets and Bank of America/Merrill Lynch upgraded the shares. RBC is boosting its price target from $5 to $7.
Solar City brightened the day for its investors after teaming up with Direct Energy to launch an investment fund that will bankroll $124 million in solar projects. The solar-panel installer also announced that it has completed its acquisition of Paramount Solar in a mostly stock deal.
Finally we have Alcatel-Lucent. The stock got off to a strong start when Jim Cramer talked up the optical networking giant's prospects on Monday's Mad Money show. Alcatel-Lucent then went on to announce that it had teamed up with SaskTel for a successful trial of fiber-optic data transmission that could enable the delivery of data at speeds of up to 400 gigabytes per second over networks built for much slower traffic.
Keep the good vibes coming
Record oil and natural gas production is revolutionizing the United States' energy position. Finding the right plays while historic amounts of capital expenditures are flooding the industry will pad your investment nest egg. For this reason, The Motley Fool is offering a comprehensive look at three energy companies set to soar during this transformation in the energy industry. To find out which three companies are spreading their wings, check out the special free report "3 Stocks for the American Energy Bonanza." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free.
The article 5 of Last Week's Biggest Winners originally appeared on Fool.com.Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool owns shares of SolarCity. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.