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Great news for our members: One of Money Morning’s top outperforming stocks, Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS), made the list of last week’s biggest tech stock* gainers. It’s now up 153% since Chief Investment Strategist Keith Fitz-Gerald told readers it was giving them a great entry point.
The biggest reason for last week’s drastic tech ups and downs was earnings reports.
The top tech gainer, Autohome Inc. (NYSE: ATHM), got a nice earnings-related boost that added to an already fantastic year. It’s now up 147.6% in 2017. The Beijing-based company, which specializes in automobile websites and mobile application, reported Wednesday that Q2 earnings per share beat estimates by 32% and grew 53% from a year earlier. According to Post Analyst, Autohome currently has a consensus “Outperform” rating from eight Wall Street analysts. Last week’s rise was particularly steady, as the stock closed higher in each of the five days.
About the Author
Stephen Mack has been writing about economics and finance since 2011. He contributed material for the best-selling books Aftershock and The Aftershock Investor. He lives in Baltimore, Maryland.