Personal Finance

Why Northern Dynasty Minerals, Cynosure, and Viavi Solutions Jumped Today

Monday continued the run of quiet days in the stock market, as once again, major market benchmarks finished the day with relatively small losses. The Dow gave up 27 points, while the Nasdaq Composite finished with just a 0.04% decline and the S&P 500 fell about a quarter percent. Any expectation of greater volatility after the first full weekend of the Trump presidency failed to surface, and investors seemed patient to let the new administration develop and roll out its policies in due course. Some individual stocks climbed on perceived good news, however, and Northern Dynasty Minerals (NYSEMKT: NAK) , Cynosure (NASDAQ: CYNO) , and Viavi Solutions (NASDAQ: VIAV) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.

Image source: Northern Dynasty Minerals.

Northern Dynasty Minerals seeks to cash in on the Trump effect

Northern Dynasty Minerals jumped 12% after the small mining company said that it is looking forward to working with the Trump administration with the end goal of gaining approval for mining its Pebble copper and gold project in Alaska. Northern Dynasty has been fighting with the Environmental Protection Agency over the project, which the EPA has said could have detrimental impacts on the local sockeye salmon population. CEO Ronald Thiessen believes that the incoming Trump administration should be able to resolve the dispute, predicting a quick agreement within the next three months that could put Pebble back on course for a typical process toward gaining permits. Even if things go well, the final payoff for Northern Dynasty is likely years away, but that isn't stopping investors from getting excited right now.

Cynosure: looking for a buyer?

Cynosure climbed 7% in the wake of reports over the weekend that the maker of lasers for the medical industry could be looking for a potential buyer. Bloomberg reported that Cynosure is exploring strategic options, which is industry jargon that signals a full acquisition, major asset purchase, or other transformative event for a company. The current environment in the healthcare field is favorable for possible consolidation, and many companies have explored combinations that could enhance future prospects for both buyer and acquirer alike. Although possible buyers could be interested in Cynosure, investors will have to wait to see whether the reported talks with advisors in the investment banking field come up with attractive options for Cynosure to follow.

Viavi goes into the cloud again

Finally, Viavi Solutions climbed 5%. The global provider of network testing and monitoring services to the enterprise and communications service provider market said early Monday that it had developed a new cloud-based system to allow cabling contractors to manage test and certification projects. The platform, called CERTiFi, will help the personnel who are working to install the data centers, networks, and other technological enhancements work required by cloud computing to be more efficient and monitor their progress more effectively. With multiple user interfaces and functions to streamline workflow to ensure smooth transitions throughout the length of a project, Viavi believes that CERTiFi will be popular among its customers. Investors seem to agree, and as long as cloud computing remains important, Viavi will have the potential to keep growing.

10 stocks we like better than Northern Dynasty Minerals

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.*

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Northern Dynasty Minerals wasn't one of them! That's right -- they think these 10 stocks are even better buys.

Click here to learn about these picks!

*Stock Advisor returns as of January 4, 2017

Dan Caplinger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .

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

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

In This Story


Other Topics


The Motley Fool

Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

Learn More