Why Stitch Fix, Sierra Wireless, and Roku Jumped Today

Wall Street returned to more normal conditions after a long Thanksgiving weekend, but the stock market largely remained in the same mode it has enjoyed for months. Volatility was generally absent. Major benchmarks were mixed, some falling slightly from all-time highs while others climbed further into record territory. Within the market, there were crosscurrents between certain sectors, with retail stocks doing reasonably well after seeing solid holiday shopping traffic even as energy stocks fell on crude oil's small pullback from its recent advances. 

Stitch Fix (NASDAQ: SFIX), Sierra Wireless (NASDAQ: SWIR), and Roku (NASDAQ: ROKU) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.

Shares of Stitch Fix picked up another 24%, adding to gains totaling more than 40% since the company went public just last week. The subscription-based apparel retailer has been an unusual success story in the industry, having reached the $1 billion mark in annual sales recently after just half a dozen years since its launch. Following an initial dip, investors have embraced the niche retailer, but as with most companies in the industry, the holiday shopping season will be a proving ground for Stitch Fix. Depending on how the next several weeks go, Stitch Fix could set itself up for a strong 2018 -- or fizzle out after a strong post-IPO run.

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Source: Fool.com