- The Nasdaq composite, after gapping above its 50-day moving average on Friday, broke its three-session winning streak on Tuesday.
- Despite this, a significant number of growth stocks showed bullish movement beneath the surface of the stock market.
- Star Bulk Carriers, Ares Management, and Embraer are among the stocks that have flashed buy signals, often on earnings, despite the presence of big losers.
After a promising rise above its 50-day moving average, the Nasdaq composite takes a slight dip. However, growth stocks like Star Bulk Carriers, Ares Management, and Embraer show potential with bullish movements and buy signals.
Nasdaq Composite’s Performance
On Friday, the Nasdaq composite made a significant leap above its 50-day moving average, sparking optimism among investors. However, this winning streak was short-lived as the composite snapped a three-session win streak on Tuesday. Despite this minor setback, there are positive signs beneath the surface of the stock market, with a large number of growth stocks moving bullishly.
Performance of Growth Stocks
Despite the Nasdaq’s slight dip, several growth stocks have shown promising signs. The MarketSurge Growth 250, a list of high-performing growth stocks, has seen a considerable number of its constituents gain well. This suggests that investors are still finding value and potential in the growth sector, despite the broader market’s performance.
Star Bulk Carriers, Ares Management, and Embraer in Focus
Among the growth stocks that have shown bullish movements are Star Bulk Carriers, Ares Management, and Embraer. These stocks have flashed buy signals, often based on earnings, indicating potential for future growth. While there are undoubtedly big losers in the market, these stocks stand out for their promising performance and potential for returns.
Conclusion
In conclusion, while the Nasdaq composite’s performance may have taken a slight dip, the bullish movement of several growth stocks suggests potential for investors. Stocks such as Star Bulk Carriers, Ares Management, and Embraer have shown promising signs, flashing buy signals often based on earnings. As always, investors should conduct their own research and consider their risk tolerance before making investment decisions.
