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.
Green Mountain Coffee Roasters
Let's start with Green Mountain Coffee Roasters. The company behind the Keurig brewers, which serve premium java one cup at a time, rose after Coca-Cola shelled out $1.25 billion for a 10% stake in Green Mountain. The Coke folk will also make its global flavor brands available for the forthcoming Keurig Cold system.
Glu Mobile also stuck with investors. The mobile-gaming specialist served up an encouraging quarterly report. Adjusted revenue soared 62%. Analysts were settling for break even results, but adjusted earnings at Glu clocked in at $0.07 a share. Glu Mobile's guidance was also better than anticipated.
Alcatel-Lucent rose after announcing that it will sell an 85% stake in its phone division to China Huaxin. The asset sale was encouraging enough to offset Alcatel-Lucent's otherwise unimpressive quarterly report, in which revenue and earnings went the wrong way.
MeetMe moved higher after a well-received presentation at Emerald Asset Management's annual Emerald Groundhog Investment Forum. This is the company that used to be QuePasa -- a profitless social-networking website for Latinos -- until it merged with the larger company behind myYearbook. The two companies combined to form MeetMe two years ago. Profits have still been hard to come by, but analysts see MeetMe in the black this year.
Finally we have Nokia on the move up. The mobile-handset pioneer is settling its differences with HTC, dropping its legal actions accusing HTC of patent infringement in exchange for payments. The two will also collaborate on HTC's intellectual property. Everybody wins.
Keep the good vibes coming
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The article 5 of Last Week's Biggest Winners originally appeared on Fool.com.Rick Munarriz owns shares of Green Mountain Coffee Roasters. The Motley Fool recommends Coca-Cola and Green Mountain Coffee Roasters and owns shares of Coca-Cola. 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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