Less than 48 hours ago, many investors believed chaos was returning to the markets.
Since the beginning of the month, weve watched the financial media flip the script, tossing out their bullish narrative for a decidedly more cautious tone.
As stocks drifted lower this week, everyone was convinced the rally was finally running out of steam and ready to post its first significant pullback in months. Volatility was itching to make a comeback! The bears would finally come out of hibernation!
But stocks had other ideas.
The Dow erased its Wednesday losses and pushed higher by almost 190 points. The Nasdaq Composite jumped 1.3% to close at new highs. So much for that pullback
The bulls have a great chance to get cocky again as the market makes its final push into the holiday season. Meanwhile, the financial press is frantically digging for controversy as stocks snap back to life.
To help you fight through the noise, were going to dive below the major averages to discover exactly what the dip buyers are gobbling up as the trading week ends.
Best Financial Stocks To Own For 2018: P.T. Telekomunikasi Indonesia Tbk.(TLK)
- [By Lisa Levin]
In trading on Wednesday, telecommunications services shares fell 0.45 percent. Meanwhile, top losers in the sector included Telekomunikasi Indones (Prsr)Tbk PT-ADR (NYSE: TLK), down 4 percent, and China Telecom Corporation Limited (ADR) (NYSE: CHA) down 2 percent.
Best Financial Stocks To Own For 2018: C.H. Robinson Worldwide, Inc.(CHRW)
- [By Lisa Levin]
Shares of C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) were down 4 percent to $71.69. UBS downgraded C.H. Robinson Worldwide from Neutral to Sell.
- [By Gary Jakacky]
Only one company convincingly jumped thru all the hoops: C.H. Robinson Worldwide, Inc. (CHRW).
If only one of the companies in IYT appear to be undervalued, it might give you pause about how brightly the ETF will shine in the very near future.
- [By Chad Tracy]
As it's known today, C.H. Robinson (Nasdaq: CHRW) has again changed with the times.
Unlike transportation industry titans FedEx (NYSE: FDX) or UPS (NYSE: UPS), C.H. Robinson does not own a fleet of trucks that transport goods. Instead, it specializes in logistics. Other companies hire C.H. Robinson to make their transportation services more efficient.
Best Financial Stocks To Own For 2018: Globe Specialty Metals Inc.(GSM)
- [By Dan Caplinger]
But there are still plenty of factors that are preventing stocks overall from mounting stronger gains, including nervousness about geopolitical issues as well as weaker parts of the global economy. Nevertheless, some stocks posted strong gains, and Puma Biotechnology (NASDAQ:PBYI), Applied Optoelectronics (NASDAQ:AAOI), and Ferroglobe (NASDAQ:GSM) 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.
- [By Lisa Levin]
Shares of Ferroglobe PLC (NASDAQ: GSM) got a boost, shooting up 10 percent to $10.17 after the company posted a narrower-than-expected Q1 loss.
Puma Biotechnology Inc (NASDAQ: PBYI) shares were also up, gaining 37 percent to $51.75 as briefing documents for Wednesday Advisory Committee meeting are published to the FDA website. The documents showed that neratinib performed better than Roche's trastuzumab in I-SPY2 trial, particularly in subgroup of patients that were HRc negative. The briefing docs also showed that study 3004 met prespecified primary efficacy endpoint.