Top Narrow Based Indexes For August 18 (JKS, ENDP, ENSL)
By 12:15 pm, the Dow Jones Industrial Average was down 13.32 points, or 0.13%, to 10,392.53, while the broader Standard & Poor's 500 index had lost 0.63 points, or 0.06%. The NASDAQ composite index rose 6.47 points, or 0.29%.
Some of the narrow based indexes that are supporting the market are Chinese Solar Stocks, which have gained 4.1%, Pain Management Stocks, up 2.9%, and Solar Stocks, moving 2.6% higher as a group.
In Tickerspy's Chinese Solar complex, JinkoSolar Holding Company Limited (NYSE: JKS) had surged 9.5%. JKS had posted strong y/y rise in its Q2 revenue.
The best performing Tickerspy Pain Management stock has been Endo Pharmaceuticals Holdings Inc (NASDAQ: ENDP), which was up 8.0%. The analysts at Jefferies & Co have raised their price target of ENDP to $44 per share to reflect their confidence in its pain medication, Opana.
Entech Solar Inc (OTC: ENSL) is today’s leading Tickerspy's Solar stock, gaining 13.9%. ENSL had narrowed its Q2 net loss on year-over-year basis.
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