Week’s Top Indexes Gain 8% or More Amid Tech Rally (ANAD, SWKS, TQNT, MXL, BBY, HGG, GME, RSH, FNSR, MRVC)
Stocks extended their recent gains this week, and a look at the top performing tickerspy Indexes over the last five sessions shows that a number of sectors posted gains upwards of 5% in the rally.
As a whole, the RF Semiconductor Stocks Index jumped by 10% for the period, as Anadigics (ANAD) led the sector higher with a 24% run. Meanwhile, Skyworks Solutions (SWKS) gained 8% this week amid analyst optimism. Oppenheimer raised the stock’s price target to $25 on Wednesday and Caris made positive remarks on the firm on Thursday. Elsewhere in the space, Triquint Semiconductor (TQNT) and MaxLinear Inc (MXL) both posted gains of more than 7% over the last five sessions.
Best Buy Co. (BBY) started the week with a bang, jumping 6% on Monday after reporting better-than-expected second quarter results. Still, the stock wasn’t the top performer in the Electronics Retailer Stocks Index, where HHGregg Inc (HGG) is ahead by 13% for the week on sparse company-specific news. Best Buy is on pace to finish with a 9% weekly rally, followed by Gamestop (GME), up 6% and RadioShack (RSH), up 5%.
Elsewhere, Finisar (FNSR) and MRV Communications (MRVC) jumped by more than 14% over the last five sessions, helping the Optical Networking Stocks Index to an 8% rally. The optical networking space will be interesting to watch moving forward as firms race to bring consumers and businesses faster data.
For more on these stocks, and the full list of the week’s top performing Indexes visit tickerspy.com.
|Home | Find | Research | Track | Register | My Account | Logout||Web site design by LightMix|
|© 2010 Indie research Corp. All rights reserved.|