The rotation away from large Nasdaq stocks like Tesla has intensified, resulting in the market’s biggest divergence since the dotcom bubble broke a generation ago.
The DJ Automobile Manufacturers Index ($DJUSAU) has gained 88 percent in the last three months. That’s the biggest gain of more than 150 industry indexes on the TradeStation platform. The Auto Part Index ($DJUSAP) was the second-best performer, up 78 percent. In contrast, the broader S&P 500 has risen 12 percent in the same period.
The Invesco Solar Energy ETF (TAN) rose 2.35 percent on Tuesday, bucking a drop of 1.65 percent for the broader S&P 500. TAN’s gain of almost 4.2 percent in the last week makes it the best-performing industry fund over that period.
Atlassian (NASDAQ: TEAM) announced 3Q19 earnings, which ended in June 2019. Atlassian provides team collaboration and productivity software such as Jira Software and Confluence. Over… 阅读更多 »Aussie Tech Unicorn Atlassian releases Q3 Earnings