In light of markets soaring on trade optimism between the U.S. and China, four stocks that increased more than 20% on Thursday morning according to the All-in-One ScreenerÂ were Ra Pharmaceuticals Inc. (RARX, Financial), OncoSec Medical Inc. (ONCS, Financial), Bed Bath & Beyond Inc. (BBBY, Financial) and ProPetro Holding Corp. (PUMP, Financial).
Dow rockets as U.S.-China trade talks commence
The Dow Jones Industrial Average reached an intraday high of 26,603.31, up 257.30 points from Wednesday’s close of 26,346.01 on the heels of President Trump’s announcement that he and Chinese Vice Premier Liu He will meet on Friday for a “big day of negotiations.” Shares of Caterpillar Inc. (CAT, Financial) jumped over 2% on the news.
Shares of Ra Pharmaceuticals traded at $45.58, up 100.82% from the previous close of $22.70.
The Cambridge, Massachusetts-based clinical-stage biotech company discovers and develops therapeutics for the treatment of diseases caused by excessive or uncontrolled activation of the complement system. According to GuruFocus, the company has a cash-to-debt ratio of 35.74, which outperforms 64.13% of global competitors.
Shares of OncoSec Medical traded at $2.16, up 32.01% from its previous close of $1.64.
The San Diego-based company designs, develops and commercializes gene therapies, therapeutics and medical approaches to stimulate an anti-tumor immune response to the treatment of cancer. According to GuruFocus, OncoSec’s cash-to-debt ratio of 140.1 outperforms 72.18% of global competitors while its debt-to-equity ratio of 0.01 outperforms 87.76% of global biotech companies.
Bed Bath & Beyond
Shares of Bed Bath & Beyond traded at $12.10, up 21.73% from its previous close of $9.94. The stock rocketed on the heels of the Union, New Jersey-based home furnishings retailer announcing Target Corp. (TGT, Financial) Executive Vice President and Chief Marketing Officer Mark Tritton as its new CEO, effective Nov. 4.
Gurus cheering on Bed Bath & Beyond’s new CEO announcement include Jim Simons (Trades, Portfolio)’ Renaissance Technologies, Ray Dalio (Trades, Portfolio)’s Bridgewater Associates and Joel Greenblatt (Trades, Portfolio).
Shares of ProPetro traded at $9.68, pumping 22.61% higher than its previous close of $7.90.
The Midland, Texas-based company provides hydraulic fracturing and other complementary services to upstream oil and gas companies. GuruFocus lists several positive investing signs for ProPetro, including a strong Piotroski F-score of 7 and operating margins that outperform 85.38% of global competitors.
Disclosure: No positions.
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