These 2 Stocks Are Defying a Post-July 4 Down Market
Despite being open for a half-day session on Monday, stock markets are only now getting their first full trading day of the second half of 2023. Investors who have celebrated strong gains during the first six months of the year now have to figure out whether they think that the remainder of 2023 will keep going well. At least on Wednesday morning, market participants seemed unsure of that eventuality, and stock index futures were down as much as half a percent in premarket trading.
Summer vacations seemed to be prevalent among professionals working on Wall Street, but there were still a few stocks that garnered some attention early Wednesday. Both Wolfspeed (NYSE: WOLF) and MP Materials (NYSE: MP) made big gains as they sought to take advantage of volatile conditions in their respective markets. Read on to find out more about these two companies and their future prospects.
Shares of Wolfspeed jumped 16% in premarket trading Wednesday morning. The semiconductor materials manufacturer announced a key supply agreement that could strengthen its business for years to come.
Source Fool.com
