Why These 5 Stocks Grew Most in May 3rd Week

may-3rd-week

Dear Reader, this post lists the top 5 stocks that have grown highest in May 3rd week.

1 Applied Materials Inc. (AMAT)
May 16 Open Price: $19.54
May 20 Close Price: $22.66
Growth (in %): 15.97%

Applied-Materials

Top news/event that inspired the growth:
The stocks have a shown a remarkable 15% raise after FY Q2 earnings report. (The chart was showing a near vertical rise on May 20 compared to May 19). According to the press release by the company, the new orders in the second quarter is the highest in 15 years. The orders have grown by about 37% compared to FY Q2 of 2015. Moreover, the diluted EPS on a non-GAAP basis was $0.34 and beating the estimates.
Based on the strong performance in FY Q2, the company has raised its guidance for the 3rd quarter. The company expects an increase of up to 18% in net revenue for the next quarter.

2 Williams Cos. (WMB)
May 16 Open Price: $19.45
May 20 Close Price: $22.15
Growth (in %): 13.88%

Williams-Cos

Top news/event that inspired the growth:
The energy giant has been recently receiving good ratings from analysts. Reports in the media pointed that a majority of the analysts are recommending either “buy” or “hold” while none has issued a “sell” call.

3 Micron Technology (MU)
May 16 Open Price: $9.61
May 20 Close Price: $10.8
Growth (in %): 12.38%

Micron-Technology

Top news/event that inspired the growth:
You know Applied Materials had posted remarkable results for FY Q1. (In this top 5 list, Applied Materials is at number 1 spot). This positive news has seemed to have impacted the other semiconductor giant, Micron. If you do not know already, Micron is a leading manufacturer of NAND devices. Applied Materials had indicated that the NAND technology is going to witness large scale growth. This specific news too had a positive impact on Micron.

4 Western Digital (WDC)
May 16 Open Price: $35.43
May 20 Close Price: $39.56
Growth (in %): 11.66%

Western-Digital

Top news/event that inspired the growth:
Two (related) news items could have boosted investor sentiments. Firstly, the WD recently completed the acquisition of SanDisk. The second one is the “buy” ratings from several analysts.

5 Endo International (ENDP)
May 16 Open Price: $14.05
May 20 Close Price: $15.44
Growth (in %): 9.89%

Endo_International

Top news/event that inspired the growth:
No particular news item could have impacted the rise. However, several media reports indicated that the stock could show resistance at the current levels. (Endo stock has displayed a predominantly downward trend for past 12 months). Some media/analysts felt that the stock could have reached its bottom, and there could be some upward movement. This news could have encouraged investors as they saw resistance at the current levels.