Walt Disney (DIS), Cisco Systems (CSCO) and Applied Materials (AMAT) beat analyst forecasts but remained below recent highs. Less prominent companies including Chinese e-commerce firm Pinduoduo (PDD) and cannabis stock GrowGeneration (GRWG) surged to new territory.
The Invesco Solar Energy ETF (TAN) shot 3 percent above its previous 52-week high yesterday. Of the 40+ thematic funds tracked by Market Insights, TAN is the only one above its early-September high. It’s also the top performer in 2020 with a gain of more than 100 percent.
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.
Q2 Holdings is growing rapidly and reached revenue of $194 million by the end of 2017. Though the company remains unprofitable, it expects organic revenue growth to accelerate to 26% year-over-year in Q4 2018.