Top Five Gainers To Watch Out
The top five gainers for Monday are stocks that have strong services and product deliveries- GSAT, GTI, EXTR and two solar stocks that have always been steady performers.
Globalstar Inc.(OTCMKTS:GSAT) could well see its stocks soar higher than the current 20.7% increase, if FCC new chairman consented to Globalstar’s repeated requests to use a part of its satellite frequencies, MSS spectrum, for 4G mobile, Wi-Fi services and terrestrial connectivity. Globalstar would then partner other carriers, including amazon’s Kindle connectivity if it were allowed. The company assures that it would not allow GPS connectivity to be affected.
Extreme Networks, Inc. (NASDAQ:EXTR) the rush at the stock market was well past 19%, thanks to second quarter earnings that have delivered beyond expectations. Secondly, the acquisition of Enterasys Networks augurs well, with income expected to grow in double figures. Early market watchers who are already investing quickly in EXTR causing the spike in its prices.
GrafTech International (NYSE:GTI) too had a resounding 16% growth, after posting good performance for the previous quarter. The interest for investors is the metal business the company owns, though GTI has posted an overall drop in revenue earnings by 5% for the same quarter. GTIs turnaround is indicated given the strong metal business stronghold the company holds. However, analysts suggest caution in the initial stages of the turnaround.
SolarCity (NASDAQ:SCTY) shares soared by 11%, cresting on new bonds issuance for leasing solar panels for residential homes. The first of its kind model, for retail solar installations, the company’s proposal will not allow home owners to gain credit from SCTY (or its loan-affiliates) but will also ensure the company has access to assured funds to expand. The fact that investors are following SCTYs moves closely, indicate the rise in its stock prices.