These Four Stocks Made Big Moves in Q3


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We can officially close the book on the third quarter.

Despite recent pullback, Q3 was a very good three months for stocks. The Nasdaq led the way with a 6.2% gain. The S&P 500 was up 5.7% from July through September, while the Dow Jones Industrial Average returned 4.3%.

All three major U.S. indices touched multi-year highs at one point.

Q3 was a boon for a number of stocks - including some very high-profile ones.

Here are four big-name stocks that had a very good quarter:

  • Google ( GOOG ): As I wrote earlier this week, Apple ( AAPL ) has gotten all the attention of late. But Google has posted the bigger gains. Shares of the search-engine giant were up 30% in Q3, boosted by strong second-quarter earnings and the company's recent purchase of Motorola Mobility.
  • Phillips 66 ( PSX ): This ConocoPhillips ( COP ) spin-off went public in April. This quarter, it acted like a growth stock, shooting up 39% as oil prices bounced back.
  • Sprint Nextel (NYSE: S): One of the biggest movers of the entire quarter. Sprint shares surged 69% in Q3 as the wireless provider boosted sales thanks to Apple's new iPhone. With Sprint's cash on hand near a six-year high, rumors are flying that the company may be preparing for a takeover bid to challenge rival AT&T ( T ).
  • Michael Kors (KORS): This luxury designer just keeps going higher, with seemingly nothing capable of slowing it down. Michael Kors shares were up another 27% this quarter. The stock is now up a mindboggling 120% since going public last December.

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

This article appears in: Investing , Stocks
More Headlines for: AAPL , COP , GOOG , PSX , T

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