Five Top Nasdaq Stocks in February

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The new year has proved to be a volatile one on the stock markets. After seeing a sizable correction in January, the S&P 500 and Dow Jones Industrial Average (DJIA) are again hitting or hear all-time highs. Here is a quick look at five of the top-performing Nasdaq stocks in the past month. Note that all of them have market caps greater than $4 billion and they pay a dividend.
Green Mountain Coffee Roasters
The share price is more than 35 percent higher than a month ago, despite a pullback of more than 10 percent in the past week.
Green Mountain Coffee RoastersGMCR
and Coca-Cola recently announced a major strategic partnership. Because of the recent surge, the stock has outperformed the Nasdaq and competitor Starbucks over the past six months. Eight of the 14 analysts who follow the stock and were surveyed by Thomson/First Call recommend buying shares, with five of those rating the stock at Strong Buy. The mean price target, or where analysts predict the share price will go in the next year, is more than 12 higher than the current share price.
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shares rose more than 11 percent in the past month, and the share price hit a new multiyear high on Friday. The Las Vegas-based company saw a lot of insider selling in February. The stock has outperformed not only the Nasdaq over the past six months, but peers Las Vegas Sands and MGM Resorts as well. For the past three months, the consensus recommendation of the analysts polled has been to buy shares of Wynn Resorts. But the share price is higher than their mean price target, meaning that the analysts see no upside potential at this time. At least one analyst sees almost 12 percent further upside, though.
Royal Gold
After an almost 23 percent rise in February, the share price is once more approaching the 52-week high set last March. This acquirer of precious metals royalties announced a new gold stream deal last month. Over the past six months,
Royal GoldRGLD
narrowly underperformed the Nasdaq but outperformed the S&P 500. More than half of the 13 analysts surveyed recommend buying shares, and none rate it at Underperform. The analysts see little headroom for the shares though, as their mean price target is only about two percent higher than the current share price. That target is less than the 52-week high.
ExpediaExpediaEXPE
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shares have pulled back almost two percent from a recent 52-week high, but they still have gained more than 20 percent in the past month. The online travel company posted better-than-expected fourth-quarter results. Over the past six months, the stock has outperformed competitors Priceline.com and Orbitz Worldwide, as well as the broader markets. For at least three months, the consensus recommendation of the surveyed analysts has been to hold shares, though none of them recommend selling. The share price has overrun the analysts' mean price target, suggesting that they see no potential upside at this time. However, the street-high price target is more than 10 percent higher than the current share price.
See also:Priceline And Expedia Have Hit Their TopsGarmin
Shares have seen a more than 19 percent gain in the past month and reached a new multiyear high on Friday. This maker of navigation, communication and fitness devices posted an earnings beat and proposed a dividend hike. Over the past six months, the stock has outperformed the Nasdaq and the S&P 500. Just five of the 18 analysts recommend buying
GarminGRMN
shares. The current share price has overrun their mean price target. Unless individual price targets are raised, no upside potential is indicated at this time. However, the street-high price target is about 12 percent higher than the share price.
At the time of this writing, the author had no position in the mentioned equities.
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Posted In: Trading IdeasCoca-colaExpediaGarmingreen mountain coffee roastersLas Vegas Sandsmgm resortsOrbitz Worldwidepriceline.comRoyal GoldStarbucksWynn Resorts
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