Cracking our list of the most humongous health-care stocks wasn't an easy proposition this week. The bar was raised so high that even stocks with 15% gains didn't make the cut. Which did make it? Here are three of this week's best performers.
One and done
No more tests required. That's the word from the Food and Drug Administration to Acadia Pharmaceuticals (NASDAQ: ACAD ) this week. Acadia's shares skyrocketed more than 60% on the news.
Acadia planned to conduct a second late-stage study for pimavanserin, its experimental drug for treatment of�Parkinson's disease psychosis. However, the FDA will now allow results from the company's first phase 3 trial, along with data from other studies, to be used in submission of the New Drug Application, or NDA, for the drug.
The second study was scheduled to begin later this month, but now has been canceled. Acadia should submit the NDA for pimavanserin in late 2014.
Right direction
Things keep looking better and better for drugstore chain Rite Aid (NYSE: RAD ) . The company reported its first yearly positive earnings since 2007 this week. Shares jumped 35% on the accomplishment.
10 Best High Tech Stocks For 2014: R.R. Donnelley & Sons Company(RRD)
R.R. Donnelley & Sons Company provides pre-media, printing, logistics, and business process outsourcing products and services to private and public sectors worldwide. The company operates primarily in the commercial print portion of the printing industry, with related product and service offerings designed to offer customers solutions for communicating their messages to target audiences. Its products and related service offerings include magazines, catalogs, retail inserts, books, directories, financial print, direct mail, forms, labels, office products, statement printing, pre media, and logistics services. The company also offers business process outsourcing services that comprise transactional print and outsourcing services, statement printing, direct mail, and print management services; and product configuration, customized kitting, and order fulfillment for technology, medical device, and other companies. It distributes its products to end-users through the United Sta tes postal services, retail channels, electronically, or by direct shipment to customer facilities. R.R. Donnelley & Sons was founded in 1864 and is based in Chicago, Illinois.
Advisors' Opinion:- [By Brian Stoffel]
R.R. Donnelley & Sons (NASDAQ: RRD )
This company, based out of Chicago, has been an industry stalwart since its founding in 1864. Back then, founder Richard Donnelley printed the precursor to the Yellow Pages for Chicago residents. �
10 Best High Tech Stocks For 2014: Abitibi Mining Corp. (ABB.V)
Abitibi Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily focuses on exploring gold and uranium deposits. It principally holds interests in the Tannahill property located in Tannahill Township; the Redhat property located in Webb, Lomond, and McIlraith Townships; and Centrefire Lake properties located in Lomond and McIlraith Townships, Ontario. The company is headquartered in Vancouver, Canada.
Top 10 Penny Stocks To Buy Right Now: Pimco California Municipal Income Fund II(PCK)
PIMCO California Municipal Income Fund II is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets. It primarily invests in municipal fixed-income securities. Its portfolio of investments include investments in california municipal bonds and notes, other municipal bonds and notes, call and put options written, california variable rate notes, other variable rate notes, corporate notes, california variable rate demand note, and U.S. treasury bills. PIMCO California Municipal Income Fund II was formed in 2002 and is based in New York City.
10 Best High Tech Stocks For 2014: Total Telcom Inc.(TTZ.V)
Total Telcom Inc., through its subsidiary, ROM Communications Inc., develops and provides Web to wireless products and services for commercial, industrial, and consumer applications in North America. The company offers various products based on MicroCom, a Web to wireless technology; and ROMTraX, a proprietary hardware and software. Its products comprise Remote Weather Station, a solution that provides picture of the weather trends; EnviroWatch Irrigation Flow Metering solution to track water consumption, inflow, and outflow; and Water Quality Monitor, a series of devices to offer data acquisition for various environmental monitoring or study applications, including water quality monitoring. The company also provides Vessel Monitoring System, a satellite based positional tracking system; ROMTraX asset tracking device to track the location and movement of vehicles or other mobile assets; Power Fault Trip Monitor, a fault monitoring solution for monitoring power underground and aerial circuit over-current faults for utility or other providers; and Remote Power/Utility Monitor, a power monitoring solution for modbus based power meters. In addition, it offers Remote Gas Flow Monitor, a solution to remotely connect to various electronic gas flow meters; MicroCom Remote Telemetry, a device with a combination of proprietary hardware and software; and EnviroWatch Remote Telemetry for the data acquisition of various environmental tracking or study applications. The company?s products are used in environmental, tracking, utility, oil and gas, and customized applications. Its solutions enable companies and organizations to remotely monitor, track, and control their fixed and mobile assets with a Web browser from any Internet enabled personal computer. The company is headquartered in Kelowna, Canada.
10 Best High Tech Stocks For 2014: Abcourt Mines Inc. (ABI.V)
Abcourt Mines Inc. engages in the acquisition, exploration, and development of mining properties in Canada. It explores for gold, siver, copper, and zinc ores. The company owns 100% interests in the Elder and Tagami mine project that consists of 34 claims and a mining concession covering an area of 876 hectares located near Rouyn-Noranda, Quebec; the Abcourt-Barvue property, which comprises 139 claims and 2 mining concessions covering 5,865 hectares located to the north of the mining community of Val-d�Or, Quebec; and the Vendome property that includes 59 claims covering 2,546 hectares located to the north of Val-d�Or, Quebec. It also holds a 100% interest in the Aldermac property that covers 303 hectares located in Beauchastel township near Rouyn-Noranda, Quebec; and interests in the Vezza property consisting of 85 claims and 19 cells covering 2,233 hectares in Vezza township, Quebec. The company is headquartered in Mont-St-Hilaire, Canada.
10 Best High Tech Stocks For 2014: Ilookabout Corp(ILA.V)
iLOOKABOUT Corp. provides geo-coded image products that help commercial enterprises to explore, map, and manage with visual data. It offers iLOOKABOUT StreetScape, a geocoded image product that creates images for multiple user applications, supported by a proprietary storage and security system; and DropZone, a photo upload application, which enables the clients to upload their database of images with pre-set parameters and croppings to iLOOKABOUT for standardizing, organizing, and storing. The company also provides professional programming and development services; and geo-coding street-level image data collection, processing, and geo-coding services. iLOOKABOUT intends to build its image database in North America and Europe; and to license its image data to governments and related agencies, as well as to businesses in various industries, such as real estate, insurance, government agencies, utilities, property assessment, and financial institutions. The company was founde d in 2000 and is headquartered at London, Canada.
10 Best High Tech Stocks For 2014: Liquidmetal Tech(LQMT.OB)
Liquidmetal Technologies, Inc., a materials technology company, designs, develops, and sells products and components from bulk amorphous alloys worldwide. It designs, develops, and produces components for non-consumer electronic devices, including parts for high end printers, commercial imaging devices, aerospace components, medical devices, and industrial machines. The company also develops various applications for liquidmetal alloys in the sporting goods and leisure products area. In addition, it develops products relating to various medical devices, such as specialized blades, orthopedic instruments utilized for implant surgery procedures, dental devices, and general surgery devices. The company was founded in 1987 and is based in Rancho Santa Margarita, California.
10 Best High Tech Stocks For 2014: Wolverine World Wide Inc.(WWW)
Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes branded footwear, apparel, and accessories. It offers industrial work shoes, boots, uniform shoes, outdoor sports footwear, rugged casual footwear, lifestyle footwear, sandals, and closed-toe products. It also provides outdoor apparel, and work and rugged casual apparel; and accessories, such as packs, bags, and luggage, as well as eyewear, gloves, handbags, socks, watches, and plush toys. The company offers its products under various brand names, including Bates, Cat Footwear, Chaco, Cushe, Harley-Davidson Footwear, Hush Puppies, HyTest, Merrell, Patagonia Footwear, Sebago, Soft Style, and Wolverine. It sells its products to a range of retail customers, which comprise department stores, national chains, catalogs, specialty retailers, mass merchants, Internet retailers, governments, and municipalities in the United States, Canada, and Europe. The company also markets its products in approximately 190 countries and territories through company-owned wholesale operations, licensees, and distributors. It also licenses its brands for use on non-footwear products. As of December 31, 2011, the company operated 101 retail stores in the United States, Canada, and the United Kingdom; and operated 42 consumer-direct Websites. Further, it markets pigskin leather, and purchases raw pigskins from other source. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.
Advisors' Opinion:- [By Rick Munarriz]
Tuesday
Wolverine Worldwide (NYSE: WWW ) steps up on Tuesday morning with fresh financials. The footwear maker behind Hush Puppies, Stride Rite, and other popular brands saw its stock hit a new high earlier this week. Analysts at Argus also boosted its price target on the shares from $54 to $64. - [By Jake L'Ecuyer]
Top Headline
Wolverine World Wide (NYSE: WWW) reported a 66% rise in its third-quarter earnings and raised its adjusted earnings outlook for the year. Wolverine now projects adjusted earnings of $2.73 to $2.83, versus its earlier forecast of $2.60 to $2.75 per share. The company narrowed its revenue view to $2.71 billion to $2.73 billion, versus $2.7 billion to $2.775 billion. - [By Isaac Pino, CPA]
Sustainable, exactly, long term. Let's start with wealth and the importance of walkability in creating strong economies -- and strong companies, for that matter. One of the things that you point out is a company called Wolverine Worldwide� (NYSE: WWW ) , I think based in Grand Rapids, Mich.?
10 Best High Tech Stocks For 2014: Spire Corporation(SPIR)
Spire Corporation develops, manufactures, and markets engineered products and services in the areas of PV solar, biomedical, and optoelectronics. It offers specialized equipment for the production of terrestrial photovoltaic modules from solar cells; and photovoltaic systems for application to powering buildings with connection to the utility grid, as well as supplies photovoltaic materials. It also provides surface treatments to manufacturers of orthopedic, cardiovascular, and other medical devices; and performs sponsored research programs into practical applications of biomedical and biophotonic technologies. In addition, the company offers custom compound semiconductor foundry and fabrication services to customers involved in biomedical/biophotonic instruments, telecommunications, and defense applications. Its services comprise compound semiconductor wafer growth, other thin film processes, and related device processing. Further, the company provides materials testing s ervices; and performs services in support of sponsored research into practical applications of optoelectronic technologies. The company offers its products primarily through its sales personnel in the United States, Europe, Africa, and Asia. Spire Corporation was founded in 1969 and is headquartered in Bedford, Massachusetts.
10 Best High Tech Stocks For 2014: Lantrovision(s)
Lantrovision (S) Ltd engages in the design, installation, supply, and provision of consultancy services on network integration and structured cabling. It is involved in the design and installation of computer cabling, as well as the trade of related accessories and peripherals; provision of cabling infrastructure services; sale of cabling accessories; and provision of system integration and network infrastructure services, as well as offers installation, maintenance, and support services for structured cabling systems and components. The company also engages in the structure, design, installation, and consultation of network system with computer communication technology. In addition, it manufactures and sells structuralized cable laying system and multimedia technology; trades in computer peripherals, electronic components, and products for various applications, planners, consultants, advisors, and managers in relation to computer services; and supplies data backup and ret rieval systems. Further, the company provides solutions for testing, monitoring, and analyzing enterprise and telecommunication networks; and contracting services for voice, data, and telecommunication. It primarily operates in Singapore, Malaysia, Hong Kong, China, and Korea, as well as in Thailand and the Philippines. The company was founded in 1990 and is based in Singapore.
Advisors' Opinion:- [By Dan Radovsky]
Masayoshi Son, the billionaire CEO of Japanese telecom SoftBank, told a news conference in Tokyo that the DISH Network's (NASDAQ: DISH ) counteroffer for Sprint Nextel (NYSE: S ) was "incomplete and illusory."
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