Nothing's Stopping These 2 Nasdaq Winners After Earnings
Earnings reports are coming fast and furious right now, and what investors are seeing is driving market action. Although there's a mix of positive and negative reports across the market, those watching had a generally favorable view of how companies are doing, and that helped send the Nasdaq Composite (NASDAQINDEX: ^IXIC) up more than half a percent as of noon EDT.
Two companies that did a great job of impressing their shareholders were Latin American e-commerce giant MercadoLibre (NASDAQ: MELI) and cloud-based data analytics specialist Datadog (NASDAQ: DDOG). Both companies saw their stocks soar Thursday, and below, we'll look at what they said in their earnings reports that made investors so pleased.
Shares of MercadoLibre soared 13% Thursday morning. The e-commerce specialist's second-quarter financial results included promising news about the resilience of the Latin American economy and MercadoLibre's ability to tap into growth trends there.
Source Fool.com
