Nasdaq Stays Flat as Workhorse Drives Higher, Editas Sinks
The stock market moved higher again on Friday, although the Nasdaq Composite (NASDAQINDEX: ^IXIC) struggled to climb into positive territory. As of just before 3 p.m. EDT, the Nasdaq was up less than 0.1%.
Investors have been happy with the returns that the Nasdaq and other major market benchmarks have generated over the past year, but they've been increasingly nervous about whether the stock market is moving into bubble territory. That makes smart stock-picking more important, as news items can push a stock significantly higher or sharply lower. Today, Workhorse Group (NASDAQ: WKHS) and Editas Medicine (NASDAQ: EDIT) are showing investors two sides of a very similar coin, even though they're in very different areas of the market.
Shares of Workhorse Group were up almost 15% on Friday afternoon. The electric truck specialist got a favorable comment from Wall Street analysts that made investors happier about the company's prospects.
Source Fool.com
