Here's a quick look at some of the top performing Nasdaq stocks in May. These stocks all have a market cap of more than $500 million and they all pay a dividend.
OPNET Technologies OPNT is almost 30% lower year to date, but up more than 10% in the past month. The Bethesda, Md.-based software company beat fiscal fourth-quarter EPS expectations in mid May, sending shares higher. It has a $578.4 million market cap and a dividend yield of 2.3%. The long-term EPS growth forecast is 16.7%. But the stock has underperformed the likes of CA Technologies CA and Compuware CPWR over the past six months.
PetSmart PETM shares are trading more than 26% higher year to date, including up more than 10% in the past month. It reached a multiyear high following the recent first-quarter report. The $7.0 billion specialty retailer has a dividend yield is 0.9%. Its long-term EPS growth forecast is 16.1% and its return on equity is 27.9%. The stock has outperformed Walmart PCLN and the broader markets since the beginning of the year.
See also: PetSmart Up Over 11% on Strong Earnings and Guidance
Raven Industries RAVN is up more than 9% in the past month and more than 21% in the past six months. The industrial products maker said in May it beat top line and bottom line estimates and its board approved a stock split. The company is based in Sioux Falls, S.D., and has a market cap of $1.2 billion. Its dividend yield is 1.3% and the return on equity is 30.7%. Because of the recent surge, the stock has outperformed the broader markets over the past six months.
Royal Gold RGLD is trading almost 11% higher than a month ago. Early in May, the Denver-based precious metals royalties company posted its fifth-consecutive quarter of double-digit revenue growth. The $4.0 billion market cap company has a dividend yield of 0.9% and its long-term EPS growth forecast is 10.0%. Because of the recent rise in the share price, the stock has narrowly outperformed the broader markets over the past three months.
Spreadtrum Communications SPRD is up about 31% in the past month, but still more than 12% lower year to date. This $829.4 million market cap semiconductor maker posted strong first-quarter results early in May. It has a dividend yield of 2.2%, the long-term EPS growth forecast is 17.5% and the return on equity is 48.9%. The stock has outperformed competitors Intel RBCN and Texas Instruments TXN over the past three months.
True Religion Apparel TRLG is more than 12% higher than 90 days ago, but it still has a long way to go to rebound from the plunge in February following an earnings miss. The California-based jeans and sportswear maker has a dividend yield of 2.7% and a long-term EPS growth forecast of 20.0%. Its operating margin is higher than the industry average. The stock has underperformed competitor VF Corp. VFC and the broader markets over the past six months.
See also: True Religion Apparel Continues to Take Over the Premium Denim Market
United Fire & Casualty UFCS is about 22% higher than a month ago and trading near a 52-week high. Shares of this Cedar Rapids-based insurer surged after it also posted strong first-quarter results. It has a market cap of $535.9 million and a dividend yield of 2.8%. But its P/E and PEG ratios are higher than the industry average. Over the past six months, the stock has underperformed larger competitors AIG AIG and Travelers Companies TRV.
Market News and Data brought to you by Benzinga APIsACTION ITEMS:
Bullish: Investors interested in exchange traded funds focused on the Nasdaq 100 might want to consider the following trades:
- ProShares UltraPro QQQ TQQQ is up about 36% year to date.
- ProShares Ultra QQQ QLD is up more than 23% year to date.
- PowerShares QQQ QQQ is up almost 12% year to date.
- ProShares UltraPro Short QQQ SQQQ is about 21% higher in the past month.
- ProShares UltraShort QQQ QID is almost 14% higher in the past month.
- ProShares Short QQQ PSQ is more than 6% higher in the past month.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Long IdeasShort IdeasDividendsTrading IdeasETFsAIGca technologiescompuwaredividend stocksETFsIntelNASDAQ 100NASDAQ StocksOPNET TechnologiesOrbitz WorldwidePetSmartpricelineRaven IndustriesRoyal GoldSpreadtrum Communicationstexas instrumentsTravelersTrue Religion ApparelUnited Fire & CasualtyVF Corp.Walmart
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in