BOSTON ( TheStreet) -- Stocks fell from a 10-week high yesterday on renewed concern about slower economic growth. But the performance of riskier assets demonstrates confidence in a continuous economic expansion. Here are 10 speculative small-cap stocks that made huge gains in July. They are ordered by monthly return, from big to biggest.10. Lithia Motors (LAD) has advanced 34% in the past month. Lithia operates automotive franchises. It swung to a second-quarter loss of $1.7 million, or 6 cents a share, from a profit of $3.7 million, or 12 cents, a year earlier. But revenue grew 20% and adjusted profit increased 23%. Also, same-store sales, a crucial metric for retailers, jumped 26% for new vehicles and 15% for used vehicles. Lithia shares sell for a forward earnings multiple of 8.4, a 42% discount to the automotive industry average. JPMorgan (JPM) and Stephens rate the stock "hold", but both value it at $10, implying 17% of upside.
10 Speculative Small-Caps That Are Soaring
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.