NASDAQ Up 10 Despite Declines in the Market

Markets were mixed in trading today, with the Dow and S&P falling while the NASDAQ rose. The Dow lost -117.16 points and closed at 17,959.03. The S&P 500 lost -10.23 points and ended the day at 2,089.27. The NASDAQ, which is heavy in tech and pharmaceuticals, rose 9.55 points to close at 4,992.38. In overseas trading, Hong Kong's battered and bruised Hang Seng added 348.41 points as investors pounced on under-priced stocks. The Hang Seng lost -1,000 points over the past 3 weeks and is just beginning to recover.

Regeneron Pharmaceuticals Leads The Market In Gains.  Drug maker Regeneron Pharmaceuticals (REGN) has been on a hot streak lately, gaining over 14% in the past 5 days.
Today the company lead the entire market in point gains, shooting up another 14.02 to close at $486.13 per share. Regeneron is on firm financial footing, with a low debt-to-equity ratio that will help it stay profitable as interest rates rise, and the company has actually under-performed slightly based on overall sales volume. The stock is currently rated as a Buy by most reliable analysts.

Commercial Services Sector Has A Penny Surge.  The commercial services sector has had a spotty performance record lately, but it's home to a number of micro-cap stocks that are performing exceptionally well. Progressive Green Solutions (PGSC) gained 0.65 points today, or 48.15%, to close at $2.00 per share.  InterCloud Systems (ICLD) has grown 20% over 5 days, and closed trading today at $2.50 per share. Panther Biotech (PBYA) gained 0.80 points in trading today, a gain of 23%, and closed at $4.30 per share.

Facebook Stock Price At Record High.  Social media giant Facebook (FB) gained 1.84 points in trading today, and closed at $82.75 per share. This is a record high for the company, which has seen share prices mixed lately. Facebook is up on the back of a huge and growing user base, which fuels its advertising platform and makes it an attractive venue for online sellers.

Urban Outfitters Way Up Going Into Spring.  The retail trade sector has been mixed lately, especially after a recently released report claimed a 6% fall in spending compared to February 2014. One consistent winner has Urban Outfitters (URBN), which rose 1.60 points today and closed at $46.70 per share. The chain hit a lifetime high on the strength of its sales, boosted by an excellent brand that is one of the hottest in the entire retail marketplace.

Red Hat Set To Make A Big Breakout.  Red Hat (RHT) an enterprise consultant for the Linux platform, is all set to make a big break into record share prices. The company's excellent fundamentals, strong financial position, and growing market share mean that stock prices could rise as high as $80 by this time next year. Red Hat gained 2.11 points today, and closed at $69.18 per share.
Published on Mar 19, 2015
By Aaron Phillips
Aaron Phillips is a financial researcher and journalist based out of Michigan. He regularly writes the IG Daily and IG Weekly columns.

Copyrighted 2020. Content published with author's permission.

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