These 2 Nasdaq Standouts Found a Way to Soar Tuesday
Investors in the Nasdaq Composite (NASDAQINDEX: ^IXIC) had to deal with an unusual situation on Tuesday. After a year and a half of strong outperformance, investors appear to be pushing the index out of favor, at least in the short run. As of 12:15 p.m. EDT, the Nasdaq was down almost 2.5%, falling more steeply than the rest of the stock market. Fears about the prospects for growth-oriented stocks dominated the investing landscape on Wall Street.
However, a couple of Nasdaq stocks not only bucked the downtrend but produced substantial gains. Gogo (NASDAQ: GOGO) has been an off-again, on-again favorite among investors for quite a while, and it finally sees better times ahead. Meanwhile, in the marijuana stock realm, Aurora Cannabis (NASDAQ: ACB) has been down and out, but its latest earnings report suggested better times could be around the corner. Below, we'll look at both stocks more closely.
Shares of Gogo soared almost 24% at midday on Tuesday. The provider of in-flight internet services provided a long-term outlook that has investors feeling better about the company after some turbulence in recent years.
Source Fool.com
