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 Twitter. The social-media darling soared after once again catching Wall Street's attention. RBC Capital Markets analyst Mark Mahaney raised his price target dramatically -- up from $33 to $60 -- after assessing that advertisers plan to spend more on Twitter's marketing platform in the near future.
Model N broke into double digits on Friday for the first time this quarter. The provider of revenue management software solutions announced a global price management offering for biotechnology companies. Its CEO is also helping out Model N's finances by requesting to that his annual salary be reduced to just $1 for fiscal 2014.
E-House kept building to its gains after Goldman Sachs issued a bullish opinion on the Chinese provider of real estate services. Goldman Sachs doesn't really see the spike in housing prices as a bubble that the government will want to pop. Shares of E-House have more than tripled in 2013.
Groupon was the real deal for investors after receiving a pair of bullish analyst notes. Morgan Stanley and Wells Fargo waxed positively on the daily-deals leader. Morgan Stanley reiterated its "overweight" rating, impressed by Groupon's advancements in mobile and its ability to make the process easier for deal buyers. A day later, Wells Fargo chimed in with an upgraded rating on the shares.
Facebook moved higher after it was added to the S&P 500. The index typically waits as long as a year for a prolific IPO to gain some seasoning before being added to the widely tracked market gauge. Facebook took a bit longer than that. The move finds huge index funds that mirror the metric having to buy into Facebook
Keep the good vibes coming
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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 recommends Facebook, Goldman Sachs, and Wells Fargo and owns shares of Facebook and Wells Fargo. 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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