What happened Shares of McDermott International (NYSE: MDR) gained 59.9% in June, according to data from S&P Global Market Intelligence. The company had a variety of new project developments and deals to announce in the month, and evidence of its business ramping up helped the stock bounce back from steep sell-offs. MDR data by YCharts. At the beginning of June, McDermott stock had lost roughly 70% of its value over the previous year. However, things seem to be turning around thanks to some substantial contract wins. Image source: McDermott. So what McDermott published a press release on June 5 stating that it had won a $2 billion contract for liquefied natural gas (LNG) development in Mozambique with Anadarko Petroleum. This was followed by a press release on June 13 detailing a sizable (defined by McDermott as being worth between $1 million and $50 million) contract with Ningbo Union King Polyester Material to license technology for use in the Chinese company's production of paraxylene -- a component used in the creation of polyester and other polymers that are important in the petrochemical industry. McDermott closed out the month with another contract win, publishing a press release on June 24 announcing that it had secured a contract worth between $50 million and $250 million with Saudi Aramco for engineering, procurement, construction, and installation (EPCI) services in offshore regions of Saudi Arabia. Now what McDermott stock has continued to climb in July, with shares up roughly 9% in the month so far. MDR data by YCharts. McDermott published a press release on July 5 detailing an agreement reached with Cameron LNG to create the opportunity for performance-related bonus payments and settle on start dates for the latter company's Louisiana LNG liquification project. Following this, McDermott published two press releases on July 10, revealing that it had won two contracts with Saudi Aramco for EPCI services in the Marjan fields of Saudi Arabia. The deals were worth more than $3 billion and more than $1.5 billion, respectively. 10 stocks we like better than McDermott InternationalWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and McDermott International wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source