What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|March 9||Weekly Gain||My Watchlist|
|Bon-Ton Stores (NAS: BONT)||$8.06||57%||Add|
|Smith & Wesson (NAS: SWHC)||$6.95||36%||Add|
|Harvest Natural Resources (NYS: HNR)||$8.03||27%||Add|
|Molycorp (NYS: MCP)||$30.89||26%||Add|
|Monster Worldwide (NYS: MWW)||$9.11||23%||Add|
Bon-Ton may have been one of last year's biggest losers -- shedding nearly three-quarters of its value -- but the department store chain was last week's biggest winner. Bon-Ton delivered encouraging results in its efforts to update its tired stores, forecasting as much as $70 million in positive cash flow this year.
Smith & Wesson shot up after the gun maker posted better-than-expected financial results. Smith & Wesson also boosted its guidance.
Harvest Natural Resources gained ground after the oil producer revealed its intentions to sell its Venezuelan assets.
Molycorp got a bounce after announcing the acquisition of rare-earth minerals processor Neo Material Technologies in a $1.3 billion deal.
Two weeks ago, Monster.com parent Monster Worldwide revealed that it would be exploring strategic alternatives. That didn't necessarily mean that it's putting itself up on the block, but last week's announcement that financial advisors have been hired clearly puts the online recruiter in play.
More winners for you
It was a great week for these five stocks. If you want to get an early read on some of tomorrow's major gainers, there's a special report on three hidden winners in a booming industry. The report is free -- like this article -- but it won't be around forever, so check it out now.
At the time this article was published The Motley Fool owns shares of Harvest Natural Resources. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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