Sunday, June 23, 2024

Five N.C. stocks that have gained 15% over the last month

 The overall stock market continues to show gains with the S&P 500 Index increasing 2.8% in last month. But five North Carolina-based stocks have posted gains of at least 15% in that period. Here are the major movers in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the four weeks through Dec. 22. The index includes companies with shares trading for at least $10.

The biggest gainers:

Ingles Markets (IMKTA) 41%   $34.70 — The Black Mountain-based supermarket chain has bounced back strongly after fears of tougher competition from discounters Lidl and Aldi and Amazon’s purchase of Whole Foods Market had sent shares plummeting. Sales gained 3.6% at stores open at least one year in the most recent quarter.

Snyder’s-Lance  (LNCE) 37%   $50.24—  Campbell Soup Co. has offered to acquire the Charlotte-based snack maker for $4.87 billion. Including debt, the transaction is about $6 billion, Campbell shares trade at nearly the lowest price-earnings ratio among food industry companies, while Lance is among the priciest, Bloomberg reports.

INC Research  (INCR)  16%   $42.90 —INC’s shares are trading at about the same price as the closing price on Nov. 9, when it lost 28% of its value following an $89 million quarterly loss. But the shares have rebounded after trading for less than $34 in November.

Nucor  (NUE)  16%   $64.56 —The Charlotte-based steel maker has rebounded as economic growth is picking up and federal tax reform should boost earnings in 2018. Over the last year, shares have gained 5%.

Lowe’s  (LOW)  15%   $91.19 —The Mooresville-based home improvement chain expects to open 15 to 20 stores over the next year and same-store sales growth of about 3%.

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

Related Articles