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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.