Why Are Investors Piling Into These Surging Stocks Today?

DragonWave Rises on Successful Trials 

Nano-cap DragonWave, Inc.(USA) (NASDAQ:DRWI), a global supplier of packet microwave radio systems, is 10% higher after the company successfully completed five customer trials of its newly launched Harmony Enhanced MC dual carrier product. DragonWave also has five additional trials of the product scheduled for the next three months. Earl Lum, President of EJL Wireless Research, a consulting and analytics firm said:

“Operators are finding that Harmony Enhanced MC can be easily deployed today to expand backhaul capacity on their overburdened networks, while offering them the capacity and functionality to support next-generation network builds. Harmony Enhanced MC provides a cost-effective solution today with added value capabilities to support backhaul demands for 5G.”

Two funds in our system owned $101,000 worth of DragonWave, Inc.(USA) (NASDAQ:DRWI)’s shares at the end of 2015.

Nu Skin Rallies as Technical Traders hit Buy

Nu Skin Enterprises, Inc. (NYSE:NUS) has surged by 3% today as technical traders buy. Shares of the anti-aging personal care products company have been on a strong uptrend since February and recently closed above their 200-day simple moving average. The company is expected to report its latest earnings results on the 28th of this month. 19 funds that we follow owned $111.81 million of Nu Skin Enterprises, Inc. (NYSE:NUS)’s shares, which accounted for 5.20% of the float on December 31. Those figure represented a steep decline from the 29 funds with $175.95 million in Nu Skin holdings on September 30. Cliff Asness‘ AQR Capital Management owned 527,107 Nu Skin shares as of the end of December.

An Analyst Turns Bullish on 3D; ExOne Gets  a Lift

ExOne Co (NASDAQ:XONE) shares are almost 6% in the green after Bank of America Merrill Lynch raised its rating on peer 3D Systems Corporation (NYSE:DDD) to ‘Buy’ from ‘Underperform’ and increased its price target on that stock to $26 from $11. Bank of America’s Wamsi Mohan thinks that 3D System’s new boss, Vyomesh Joshi, has the skill and the experience to turn around that company. The analyst raised his 2016 EPS estimate on 3D Systems to $0.30 from $0.28, and his 2017 EPS estimate to $0.57 from $0.39. Investors are hoping that 3D Systems’ better fortunes will also rub off on ExOne. Three funds tracked by Insider Monkey owned 0.8% of ExOne Co (NASDAQ:XONE)’s shares at the end of December.

Disclosure: None