Carolinas stocks have stunning week: Do you own these winners?
Last week was a sensational week to own stocks: 16 Carolinas-based stocks in the Capital Investment Cos./Nottingham index of public companies gained more than 8% for the week that ended Dec. 9. Another 15 had gains of 6% to 8%.
The winners are involved across many industries: finance and banking, car sales, technology and supermarkets.
Considering that the annual return of U.S. stocks from 1926 to 2015 averaged 10% to 12%, according to Ibbottson research, scoring such gains in one week is remarkable.
We usually mention the biggest decliners, but we’ll skip that this week because only three stocks didn’t advance during the week, none significantly.
Here are the stocks that increased more than 8%:
World Acceptance WRLD 19.4% consumer finance
Culp Industries CFI 14.8% mattress ticking
3D Systems DDD 14.4% 3D printers
Unifi UFI 13.2% textiles
Qorvo QRVO 11.8% semiconductors
Babcock & Wilcox BW 11.1% defense contractor
Chimerix CMRX 10% pharmaceuticals
Enpro NPO 9.7% Industrial parts
Sonic Automotive SAH 9.5% auto sales
ScanSource SCSC 9.2% technology
Bank of America BAC 8.8% banking
Blackbaud BLKB 8.7% software
HomeTrust Bancshares HTBI 8.7% banking
BenefitFocus BNFT 8.7% software
Park Sterling Bank PSTB 8.3% banking
Yadkin Bank YDKN 8% banking