Market Overview

Top Narrow Based Indexes for June 21 (CTRP, SORL, EFUT)

By 11:53 am, the Dow Jones Industrial Average was up 89.18 points, or 0.85%, to 10,539.82, while the broader Standard & Poor's 500 index had gained 8.09 points, or 0.72%. The NASDAQ composite index had also climbed 9.98 points, or 0.43%. Some of the narrow based indexes that are driving the market are the Chinese Travel Stocks, which have gained 4.7%, the Chinese Auto Parts Stocks, up 4.6% and the Chinese IT Stocks, moving 4.3% higher as a group.

In Tickerspy's Chinese Travel complex, Ctrip.com International Ltd (NASDAQ: CTRP) had surged 8.1%. CTRP’s quarterly earnings growth is 56.90% y/y.

The best performing Tickerspy Chinese Auto Parts stock has been SORL Auto Parts Inc (NASDAQ: SORL), which was up 6.0%. SORL’s quarterly earnings growth is 234.10% y/y.

eFuture Information Technology Inc (NASDAQ: EFUT) is today’s leading Tickerspy's Chinese IT stock, gaining 8.0%. EFUT’s shares dipped 41.81% over the past 52 weeks, while the S&P 500 index moved up 21.31% in the same period.

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Posted-In: top Narrow Based IndexesLong Ideas News Markets Trading Ideas

 

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