4 Stocks That Are Up On A Day The Markets Are Down


 
 
05:18 10/30/2017

Today’s tax plan report dragged the markets down with it forcing the 3 major indices to all close in the red in reaction to tax reform being a gradual process.



All hope was not lost today as shares of Amazon.com Inc AMZN  carried on last week’s momentum to new 52 week highs of $1,122 after posting impressive earnings last week. Volume was relatively lower than Friday’s session but the bulls continued to cash in on the rally. Tuesday’s session could see some follow through momentum before things start to slow down.



China based Xunlei Limited XNET  shares continue to rally with an impressive 3 week chart on an uptrend as the bulls remain in control. This play is definitely popping up on more radars. A $10 break could be in the cards tomorrow with bigger moves on deck after breaking the $10 mark. The company recently announced the appointment of Mr. Eric Zhou as its Chief Financial Officer (CFO) effective September 18, 2017. He took over from Mr. Tao Thomas Wu, who tendered his resignation as CFO for personal reason s effective September 18th, 2017.



Top U.S. home builders CalAtlantic Group, Inc. CAA  and Lennar struck a deal to create the largest home builder in the U.S. Lennar Corp. agreed to buy CalAtlantic Group Inc. for $5.7 billion, creating the country’s largest home builder by revenue. The deal announced on Monday is the first major merger in the U.S. housing sector in a span of 2 years. Shares of CalAtlantic popped 23 percent after news of the merger hit the wires.



A record third quarter for Israel based tech company SuperCom Ltd.SPCB  that sent its shares rallying over 40 percent intraday on heavy volume. A close over the $4 mark would have been ideal. Tuesday’s session could offer another chance for the stock to close over $4.


This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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