Market Overview

Ten Stocks Up More Than 50% in the Past 90 Days

Many investors have been spooked by the ongoing sovereign debt crisis in Europe, rising oil prices, and the apparent lack of progress by the congressional Super Committee. And so the Dow and the S&P 500 are in about the same place they were a month ago, and hardly any higher than three months ago. But there are some stocks that have been rising strongly over the past 90 days anyway. Here's a quick look at some of them.

American Railcar (NASDAQ: ARII) is up more than 68% from three months ago. Director Carl Icahn periodically purchased shares between August and October, and Zacks recently recommended the stock for its momentum. The market cap is $502.4 million and the mean price target is almost 60% higher than the current share price. There's also a 0.5% dividend yield. The share price is down about 18% from the 52-week high.

Conn's (NASDAQ: CONN) has risen about 97% in the past three months, despite dropping about 10% in the past week. The consumer electronics retailer reported double-digit year-over-year growth of both net sales and same-store sales in October. Headquartered in Beaumont, Tex., the company has a market cap of $317.2 million. Its long-term EPS growth forecast is 29.0%.

iGATE (NASDAQ: IGTE) shares are trading about 54% higher than 90 days ago despite a more than 3% pullback in the past week. iGATE recently attributed better-than-expected results to its integration with Patni Computer Systems. The market cap is $832.7 million, the long-term EPS growth forecast is 18.5% and the return on equity is 16.9%. iGATE also has a dividend yield of 0.8%.

Leapfrog Enterprises (NYSE: LF) is more than 77% higher than it was three months ago. The educational toymaker topped earnings estimates and raised its guidance in each of its past two quarterly reports. The company has a market cap of $336.4 million, a long-term EPS growth forecast of 15.0% and a dividend yield 0.1%. Despite the recent rise, the stock is down about 8% year to date.

Liz Claiborne (NYSE: LIZ) shares are trading about 100% higher than three months ago. The company recently said it will sell its namesake brand and several others to focus on its higher-end lines. The New York-based apparel maker has a market cap of $770.9 million and a long-term EPS growth forecast of 11.0%. The share price has pulled back about 11% from a recent 52-week high.

Silicon Motion Technology (NASDAQ: SIMO) shares are trading about 81% higher than they were a quarter ago. This Taiwanese semiconductor maker easily topped consensus third-quarter earnings estimates. It has a market cap of $574.7 million and a long-term EPS growth forecast of 20.0%. The analysts' mean price target is about 16% higher than the current share price.

Spreadtrum Communications (NASDAQ: SPRD) has risen almost 70% from three months ago but has pulled back about 9% from a recent 52-week high. Its better-than-expected third-quarter results were accompanied by better-than-expected fourth-quarter guidance. The market cap is $1.3 billion, the return on equity is 58.8% and the P/E and PEG ratios are less than the industry average.

Stamps.com (NASDAQ: STMP) has risen almost 77% higher in the past 90 days, despite a 19% pullback from a recent 52-week high. Net income for the most recent quarter was up 52% over the same period last year, and revenues were 20% higher. The Los Angeles-based company's market cap is $407.7. Its long-term EPS growth forecast is 18.0% and it has a return on equity of 18.6%.

Standard Motor Products (NYSE: SMP) shares are selling more than 80% higher than a three months ago despite falling almost 3% in the past week. This aftermarket auto parts maker saw shares surge earlier this month following an earnings beat. Zacks also called it a “powerful buy.” Standard Motor Products has a long-term EPS growth forecast of 21.3% and a return on equity of 16.6%.

Xyratex (NASDAQ: XRTX) is up about 78% in the past 90 days. Shares surged in October after third-quarter results blew away the consensus forecast. And it declared a nickel per share dividend last week; the yield is 1.4%. This UK-based data storage company has a market cap of $428.5 million. Its P/E ratio is less than the industry average. The stock has pulled back more than 17% from a recent 52-week high.

Posted-In: American Railcar Carl Icahn Conns iGATE iGATE PatniLong Ideas Short Ideas Trading Ideas

 

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