The Barron’s 400 Index (B400) snapped a three-day losing streak with strong gains Thursday, as a dip in jobless claims and heavy capital inflows into mutual funds cheered investors.
The B400 climbed 7.38 points and 1.51 percent to 496.35.
For the year to date, the index is ahead 35.65 percent, one of the better performances among major indexes.
Top percentage gainers included Green Mountain Coffee Roasters, American Pacific Corp., Synergy Resources, Medidata Solutions and Williams-Sonoma.
Green Mountain Coffee (GMCR) jumped 14.14 percent to $70.57. The company reported Q4 EPS of 0.89 cents per share vs. analyst estimates of 0.75 cents. The company also announced a new share repurchase authorization of up to $1 billion. Janney upgraded the stock from neutral to buy with a price target of $80 per share.
Volatile American Pacific (APFC), a chemical firm, rose 8.38 percent to $40.87.
Colorado oil & gas operator Synergy Resources (SYRG) gained 816 percent to $9.81.
Medidata Solutions (MDSO) rose 7.99 percent to $117.10. Deutsche Bank initiated coverage with a buy rating and a price target of $133, saying the company should win more share than other vendors in the clinical research IT market. The company raised its long-term revenue growth target to 20-25 percent.
Williams-Sonoma (WSM) gained 7.66 percent to $59.76 after reporting Q3 EPS of 0.58 cents per share vs. consensus estimates of 0.55 cents. The company raised its profit forecast on strong same-store sales and said its see comparable brand revenue growth in Q4 in the range of 3 percent to 6 percent.
The top decliners in Thursday’s B400 trade were hit by unfavorable analyst comments.
Raymond James cut its outlook on a pair of railcar stocks. American Railcar (ARII) lost 7.13 percent to $41.78 after being downgraded from outperform to underperform. Trinity Industries (TRN) fell 5.38 percent to $50.65, also on a downgrade from outperform to underperform.
Ligand Pharmaceuticals (LGND) dropped 2.84 percent to $51.99 after an unfavorable note from Bank of America/Merrill Lynch.
Amgen Inc. (AMGN) lost 2.87 percent to $112.24 on the same note from Bank of America/Merrill Lynch.
Dollar Tree (DLTR) fell 4.48 percent to $56.28. The company announced Q3 EPS of 0.58 cents vs. estimates of 0.60, and revenue of $1.88 billion vs. estimates of $1.91 billion. The company said it sees FY 2013 EPS of $2.72-$2.78 per share vs. estimates of $2.82.
Other major indexes also gained ground on Thursday.
The Dow Jones Industrials rose 109 points to 16,010, the Nasdaq gained 48 points to 3,969, and the S&P 500 added 15 points to 1,796.