This week's best performers include Regeneron and these two solar stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Equities took a volatile ride, as investors shifted attention between the latest Fed rate hike and the potential for contagion within the banking sector.

Some stocks were able pull through despite the market turbulence this week. Equities took a volatile ride over the course of the week, as investors shifted attention between the latest interest rate hike from the Federal Reserve and the potential for contagion within the banking sector. Still, the Nasdaq Composite is set to end the week up around 0.6% as investors bet the central bank could be nearing the end of its rate hike campaign.

Pro screened for the 10 best S & P 500 performers this week as of shortly after Friday's open. The following chart also includes the share of analysts who rate the stock a buy, and how much the each stock is expected to trade in the next 12 months. Pharmaceutical company Regeneron had the best performance this week with a 8.7%. Just over half of analysts covering the stock rate it a buy, with the average price target implying the stock could gain another 7% over the next year.

's Fred Imbert contributed to this report

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wasn’t that what trump took for COVID? Yeah it was.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed recap: All the market-moving comments from Fed Chair Powell after rate hikeThe Federal Reserve announced a 25 basis point rate hike on Wednesday. The increase was widely anticipated by the market. Bull case for your bearish report: He also said banking fallout and credit tightening could have the same effect as rate hikes potentially leading to cuts. Everything continues to be hinged on inflation. 5% inflation means less excitement around the topic😊 Absolute dumpster fire of an administration. This would be comical if it wasn’t ruining people’s lives. BidenIsAFailure
Source: CNBC - 🏆 12. / 72 Read more »

Coinbase’s stock tumbles after SEC warning, Regeneron shares rally, and other stocks on the moveCoinbase shares were declining 14% in afternoon activity after the crypto exchange disclosed a warning from the Securities and Exchange Commission that it may have broken securities laws. One analyst called the notice an “ominous” sign.
Source: MarketWatch - 🏆 3. / 97 Read more »