The 'Fast Money' Impact: Axsys Tech. Shares Jump 10%

Karen Finerman recommended Axsys Technologies (NASDAQ:AXYS) yesterday on CNBC's 'Fast Money' and just like that, instant 10% gain today, shares are already up $4.

In a new segment titled 'RISING STAR STOCK', the show posed the question - What defense sector stock could be a secret weapon for your portfolio? Karen Finerman suggests Axsys (AXYS).

Here's what followed:
The firm provides technology and gadgets that would make James Bond drool; we’re talking things like night vision lenses, thermal imaging systems, and under water telescopes.

According to the company's website, whether on the ground, at sea, or in the air, Axsys products and solutions protect our troops, ensure the safety of our borders and ports of entry, deter threats at sea, and peer into the far reaches of the universe.

Axsys (AXYS)
-Based in Rocky Hill, CT
-Sector: Technology
-Industry: Scientific Instruments
-Market Cap: $447 million
-52 Week Low $24.35
-52 Week High $79.69
-Up 30% in last month

What makes Axsys a rising star? "It’s not expensive on a P/E basis. They have a great balance sheet and have been growing revenue nicely," explains Finerman.

And our latest intelligence suggests Axsys could be a target itself – for a takeover!

"I see upside without a ton of downside," Finerman concludes.

The power of 'Fast Money', we'll be watching the next time the ''RISING STAR STOCK' segment runs, should AXYS shares come down a bit, there may be a decent investment to be made.