3 tech stocks that soared this week

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3 Tech Stocks That Soared This Week

The S&P 500 gained 0.9% this week, andthe NASDAQ Composite Index rose 0.4%.

Not a great week,but hardly adisaster, either.

Don't panic!

To help you find that inner balance, what follows aresome of the tech sector's biggest winners this week.

Let'sgetstarted!

SouFun, which runs online real estate portals in China, soared 28.7% higher this week -- with a big helping hand from the Chinese government.

Desperate to kickstart its stalling economic growth, China's leaders made big, consumer-friendly changes this week.

The government promised to pump capital into Macau, boosting the local tourism market. Taxes on car purchases also dropped. All helpful, but not SouFun's biggest rocket boosters.

That would be the new, lower down payments required for first-time home buyers in China -- kicking down a major barrier to house shopping.

If that doesn't spark fresh interest in real estate tools, I don't know what would.

Mind you, SouFun shares still trade 27% lower over the last 52 weeks. This homebuying boost is a start, but not a magic bullet to fix all of SouFun's issues.

Solar panel builder Hanwha Q CELLS sprinted out of the gate, gaining 7.5% on Monday and another 17.5% on Tuesday.

The same attempts to stabilize the Chinese economy also lifted local solar power specialists such as Hanwha to some degree.

On top of that, larger rival Baoding Tianwei failed to make a scheduled payment of bond interest on Tuesday, and may be headed for bankruptcy in short order.

Counterintuitive? Not at all.With Baoding on the skids, healthier solar businesses such as Hanwha will have to shoulder that giant's business load.

Free sales on a silver platter.

Nice problem to have, right?

But, much like SouFun, Hanwha still trades 43% lower year over year.

Hanwha investors are hardly out of the woods, even after this 34% one-week jump.

Finally, SanDisk sampled a wide variety of growth drivers on its way to a 17% weekly gain.

First, SanDisk investors tagged along for the ride when hard drive builder Western Digital received a $3.8 billion cash infusion from Chinese investors.

Maybe SanDisk is next in line for a big cash injection?

Or maybe even a total buyout?

Then Micron Technology, a direct rival in many of SanDisk's most important markets, filed a big earnings surprise.

What's good for the goose might be great for the gander, especially since Micron pointed out healthy pricing trends in flash-based storage markets.

Finally, respected analyst firm Morgan Stanley upgraded SanDisk to a "buy" with a $75 price target.

The firm is still worried about SanDisk's next two quarters, but sees the stock as drastically undervalued anyhow.

SanDisk has "turned a corner," Morgan Stanley said.

And of course, SanDisk's valuation looks attractive due to a steep long-term slide.Completing our trifecta of yearly dives with a sharp short-term bounce, this stock is down 40% over the last 12 months.

The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat. We think this stock has nearly unlimited room to run for early-in-the-know investors!

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3 tech stocks that soared this week

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