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.
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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.
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