U.S. stocks closed mixed on Friday, but over this week, the U.S. stock market traded higher; The Dow rose 1.3%, the Nasdaq Composite gained 0.6%, and the S & P 500 index obtained 1.4%. U.S. September non-farm payrolls increase by 114,000, meanwhile the unemployment rate fell to 7.8%, recording a four-year low; both of the results were better than expected.
There are a group stocks performed well on the NYSE (New York Stock Exchange) this week, the first came in our eyes is Primero Mining Corp (PPP), a precious metals producer with operations in Mexico, saw a weekly gain of 41.2%, primarily contributed by its stock price surge on Friday. The company on Friday announced its Mexican subsidiary has received a positive ruling from the Mexican tax authorities on its Advance Pricing Agreement (“APA”) filing made in October 2011, sending PPP stock price to jump more than 36.48% to $7.37. The current PPP stock price is well above its 50-day simple moving average of $4.65 and its 200-day moving average of $3.28. Over the past 52 week, PPP stock swung between $2.28 and $7.92. Primero Mining has a market cap of $522.08 million and a P/E multiple of 6.52.
Kingsway Financial Services Inc. (USA)(KFS) is a holding company functioning as a merchant bank, through its subsidiaries, engaged in the property and casualty insurance business. KFS stock has begun to surge since Tuesday after the company said it is restructuring its Insurance Services and Insurance Underwriting segments. KFS stock price cumulatively rose 38.7% compared to last Friday’s closing price of $2.17, making it one of the best stocks on the NYSE this week. The current KFS stock price of $3.01 is much higher than its 50-day and 200-day simple moving averages, which are standing at $2.09 and $2.47, respectively. Over the past 52 weeks, KFS shares traded as low as $1.74 and as high as $4.00. The company has a market cap of $39.58 million and no P/E multiple as trailing net loss.
Ocwen Financial Corporation (OCN), among the best stocks on the NYSE this week, saw its share price rising 34.1%. Ocwen Financial, through its subsidiaries, is acting as a provider of residential and commercial mortgage loan servicing, special servicing and asset management services. Ocwen Financial on Wednesday announced the acquisition of Homeward Residential Holdings, Inc., from private equity firm WL Ross & Co. LLC for approximately $588 million in cash and $162 million in Ocwen convertible preferred stock, boosting big rise of over 20%.
The current OCN stock price of $36.75 is much higher than its 50-day and 200-day simple moving averages, which are standing at $25.8 and $18.45, respectively. The 52 week trading range for OCN stock is $12.71 to $37.92. Ocwen Financial has a market cap of $4.96 billion and a P/E multiple of $49.95.
Chinese real estate Internet portal operator SouFun Holdings Limited (ADR) (SFUN) also experienced a big week with a gain of 24.14%. SFUN shares started to climb on Monday with an intruder gain of over 13%. Look through this week, there was not any significant news supporting the stock’s movements. SFUN stock price fluctuated between $8.96 to $20.40 over the past 52 weeks. The current SFUN stock price is standing above its 50-day and 200-day simple moving averages, which settled at $14.17 and $16.28, respectively. SouFun has a market cap of $1.52 billion and a P/E multiple of 13.07.
Among the best stocks on the NYSE this week, Alon Holdings Blue Square Israel Ltd (BSI) came in with a rise of $21.1% without supporting news, too. The Israel-based company has a52-week price range between $1.46 and $6.38. The latest BSI closing price of $2.41 is above its 50-day simple moving average of $1.99 while below the 200-day moving average of $2.98. The company has a market cap of $159.45 million and no P/E multiple as trailing net loss.