In The Stock Market This Week, These Were The Biggest Winners, Including One Bank That Gained 50%

A few stocks have managed to shine in an otherwise downcast week, despite the three major indexes headed toward weekly losses.

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In an attempt to figure out where Wall Street thinks these stocks will be in the near future, CNBC Pro used FactSet data to scan the stock market. 

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A logistics company and a promising medical device company were among the winners from our screen of stocks in the S&P 1500. 

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PacWest Bancorp, once a troubled regional bank, made the list with a jump of almost 12% this week as of Friday morning. Analysts believe shares will rise 55% over the next 12 months, based on their consensus price targets. 

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• XPO, Inc
• LivaNova Plc
• Ollie’s Bargain Outlet Holdings Inc
• RLI Corp.
• PacWest Bancorp
• Iridium Communications Inc.
• Intuitive Surgical, Inc.
• Pacira Biosciences, Inc.
• Giliti, Inc.
• Customers Bancorp, Inc.
• Community Health Systems, Inc.
• TopBuild Corp.
• Saia, Inc.
• Watsco, Inc.
• Installed Building Products, Inc.
• BJ’s Restaurants, Inc.
• D.R. Horton, Inc.
• Snap-on Incorporated
• First Republic Bank

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Following the release of quarterly adjusted earnings from regional banking peer Western Alliance Bancorp, PacWest shares had a strong week, according to FactSet. Shares of regional banks gained momentum following the results. Following an 11% decline in deposits in the first quarter, Western Alliance announced its deposits were recovering in April. 

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A report on PacWest's earnings is scheduled for next week. There are half a dozen analysts who rate the stock as a buy.

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During this week's trading session, LivaNova shares jumped nearly 17% after the company announced a change in leadership. In addition, LivaNova announced a preannounced first-quarter revenue of $263 million, which represents a 9% increase from the year before. 

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It is true that LivaNova's stock has declined by over 10% in 2023. According to FactSet, analysts estimate that shares have an upside potential of about 42%.

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As a result of Wedbush Securities upgrading shares of BJ's Restaurants from neutral to outperform, the stock rose 9.2% this week. According to Wedbush, the stock's price should rise by 23% from Thursday's closing price. Increased staffing levels and menu price increases were cited as factors driving same-store sales growth. There is an estimated 13% upside based on consensus estimates.

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In 2023, BJ's Restaurants' shares have increased by 19%.

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