With the NASDAQ enjoying a sizable surge over the past couple of months, and up nearly 60% since the March lows, momentum plays seem to be back on the radar for many investors.
Using the , we found four companies in the internet sector on a tear that have easily outperformed both the NASDAQ Composite and the DJ Comp Internet Index over the past month.
Our screen used only three simple rules:
1) Industry = Internet
2) Market Cap > 200m
3) One Month Price Percent Change > 30%
Which companies met all the criteria?
Netease.com - operates an interactive online community, providing Chinese language content and services through online games, Internet portal and wireless services. The stock was trading in the low 30's at the beginning of July, but has since climbed nearly 40% in a month's time.
Savvis - an IT services provider had dipped to nearly $10 a share to start July, before surging over 50% in one month.
United Online, with brands including FTD, Interflora, NetZero, Juno, Classmates and MyPoints had spent several weeks hovering in the $6 - 7 range before its recent breakthrough above $9 a share, a one month rise of over 40%.
Finally, the last internet stock to appear in our screen was, Internet Initiative Japan. The Tokyo based internet services provider has climbed nearly 50% since early July, trading at levels not seen since October 2008.
Comments? Send them to firstname.lastname@example.org