Wednesday, May 29, 2024

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


David Mildenberg
David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at

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