These 2 Hot Stocks Are Headed Skyward Tuesday
The stock market shifted into neutral on Tuesday as investors tried to reconcile ongoing concerns about economic factors and the COVID-19 pandemic with the strong upward momentum major benchmarks have seen lately. At noon EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 32 points to 35,432. However, the S&P 500 (SNPINDEX: ^GSPC) eased lower by a point to 4,528, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 17 points to 15,249.
There were, however, some stocks that put in extremely strong gains. Virgin Galactic Holdings (NYSE: SPCE) has become nearly a household name for many investors, but Digital Turbine (NASDAQ: APPS) is a relative newcomer. Here's why both of their stocks were on the move higher Tuesday.
Shares of Virgin Galactic were higher by nearly 10% at midday on Tuesday. The space tourism specialist has had considerable business success in recent months, and although its stock hasn't always followed suit, analysts on Wall Street think now might be the right time to consider buying.
Source Fool.com
