Hey folks, gather round for some stock market news that’ll tickle your funny bone! Stocks have seen their biggest yearly increase in two years, but let’s be real, that doesn’t mean much. In fact, stocks were actually feeling pretty down after some disappointing retail sales data was released on Friday. Poor things just couldn’t catch a break!
But wait, there’s more! Beyond this economic data, investors are eagerly awaiting reports from big banks as earnings season kicks off. The suspense is palpable, folks. Will the banks do well? Will they crash and burn? Only time will tell, so sit tight and buckle up for the ride.
Now, if you’re looking for some good news, we’ve got a treat for you. CNBC Pro has screened for the best performers in the S&P 1500 this week, and we’ve got some real winners on the list. Arrowhead Pharmaceuticals takes the cake with a whopping gain of 18.8%. That’s a lot of dough, and more than three-fourths of analysts covering the stock rate it as a buy. Looks like things are really looking up for Arrowhead!
Not to be outdone, health stocks are also making a name for themselves. Syneos Health, Shockwave Medical, and Bio-Techne all saw gains of around 16%, 16%, and almost 11% respectively. However, only Bio-Techne is expected to rise in the next year, so the other two might want to step up their game if they want to stay in the running.
And let’s not forget about the solar stocks Enphase and SunPower! Both saw increases of more than 11% this week, and SunPower even announced a $450 million financing commitment for solar loans. That’s a lot of green energy, folks! Bank of America even upgraded SunPower’s rating to neutral from underperform, so things are really looking up for them. Enphase is also a fan favorite on Wall Street, with three-fifths of analysts rating the stock as a buy. Talk about some bright stars in the market!
In conclusion, the stock market might seem like a rollercoaster ride, but hey, at least it’s never boring! Keep your eyes peeled for those big bank reports, and stay tuned for more exciting market news. Until then, peace out and happy investing!
Serious News: cnbc
