Strong Stocks In A Weak Market (CRM, JKS, RBCN)
The market has been particularly weak the past few days, making it harder for investors and traders to find stocks that are rising. Here are three companies that are significantly outperforming today, despite the broader markets being down sharply.
JinkoSolar Holding Company Limited (NYSE: JKS) is up $1.74 to $24.62 on three times its daily volume. The company is very cheap when looking at next year's earnings, trading at a 6.98 forward price/earnings ratio.
Jinko Solar Co., Ltd. is a solar energy company that manufactures and sells mono-crystalline and multi-crystalline silicon wafers.
Salesforce.com Inc Common Stock (NYSE: CRM) is trading at $109.48, up $13.07 after the software-as-a-service company reported much better than expected earnings and raised guidance. Revenue rose 25% to $394.4 million, topping analysts' expectations for $384.8 million in revenues. Salesforce also raised its full-year revenue guidance to approximately $1.6 billion. The company had previously saw revenue coming in at $1.55 billion to $1.56 billion. This revised guidance is well above analysts' expectations of $1.57 billion.
Rubicon Technology, Inc. (Nasdaq: RBCN) is trading at $25.55, up 60 cents or 2.4% after being mentioned last night by Jim Cramer on CNBC's 'Mad Money'.
According to a business summary on Yahoo Finance, "Rubicon Technology, Inc. develops, manufactures, and sells monocrystalline sapphire and other crystalline products for light-emitting diodes, radio frequency integrated circuits, blue laser diodes, optoelectronics, and other optical applications."
