Big August for these Three Stocks


Even by August's traditionally sluggish standards , this was an incredibly slow month.

Stocks trudged ahead at a snail's pace, gaining little by little in a month when the trading range was as narrow as it's been in two years. The S&P 500 inched forward 1.9%, while the Dow Jones Industrial ticked up a mere half percent.

Meanwhile, volume was as low as it's been all year.

It was a dull month, to be sure. But there were a number stocks that made exciting moves - at least if you were a shareholder.

Here were three of August's biggest winners:

  • Michael Kors ( KORS ): It seems nothing can slow this freight train of a stock down. KORS shares vaulted another 30% this month, pushing the stock up 124% since its IPO last December. A stellar earnings report had a lot to do with the luxury apparel company's latest push. Second-quarter profits increased 71% from the year before. At 55 times trailing earnings, the stock is getting a bit expensive. But in eight months of public trading, Michael Kors has yet to waver.
  • Tesoro ( TSO ): Oil prices bounced back in August. And this mid-cap oil refiner rallied along with them. Tesoro shares popped 43% this month to reach their highest level since early 2008. The stock has now gained 65% in 2012.
  • Green Mountain Coffee Roasters ( GMCR ): Late July was rock bottom for this specialty coffee company - a Wyatt Investment Research neighbor up here in Vermont. The stock had fallen below $18 a share - six times less than the $110 it was trading for just a year earlier. Having hit a bottom, though, GMCR shares bounced back with a vengeance this month. The stock gained 32% in August to close finish at roughly $24 a share. It's still a shell of what it was a year ago. But at least it's a profitable company that's back on the upswing.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Stocks

Referenced Stocks: GMCR , KORS , TSO

Wyatt Investment Research

Wyatt Investment Research

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