The Dow recently crossed the 9,000 mark on the back of a solid start to the second-quarter earnings season, while the S&P is up +10% for the year. The market couldn’t have made it to this point without a few stocks seeing substantial gains. Here are three stocks that have posted triple-digit gains this year. After analyzing how they did it, I’ll tell you three more companies that will follow suit. OshKosh (NYSE: OSK) YTD Gain: +191.5% Industrial equipment maker OshKosh faced major headwinds due to the economic downturn,… Read More
The Dow recently crossed the 9,000 mark on the back of a solid start to the second-quarter earnings season, while the S&P is up +10% for the year. The market couldn’t have made it to this point without a few stocks seeing substantial gains. Here are three stocks that have posted triple-digit gains this year. After analyzing how they did it, I’ll tell you three more companies that will follow suit. OshKosh (NYSE: OSK) YTD Gain: +191.5% Industrial equipment maker OshKosh faced major headwinds due to the economic downturn, and its shares sank as low as $4.95 in March. But just when things seemed to be at their worst, OSK posted strong growth, and the shares began to climb. The catalyst was a $1.05 billion contract to build military vehicles for use in Afghanistan that protect against roadside bombs. The contract, initially for 2,000 vehicles, could lead to as many as 10,000 vehicles and $4 billion to $5 billion in revenue. The shares are now trading near $27. How it Got There: A major catalyst thanks to Uncle Sam. General Cable (NYSE: BGC)… Read More