Stocks at the top of the SPDR S&P 500 ETF (SPY) on January 5 were First Solar (FSLR), FLIR Systems (FLIR), and Gannett (GCI). These stocks returned 8.0%, 5.4%, and 4.7%, respectively, on the day. The below graph shows the stock price movement of First Solar (FSLR), FLIR Systems (FLIR), and the Technology Select Sector SPDR ETF (XLK) since October 2015.
First Solar (FSLR) belongs to the semiconductor industry while FLIR is into electronics. The beta values of the stocks are 1.2 and 0.95, respectively. Thus, FSLR is more volatile. The trailing-one-year return of FSLR had been significant at 76.3%. The stock traded at $72.03, which was above its moving averages. The 100-day, 50-day, and 20-day moving averages of FSLR are $53, $59, and $63, respectively. The analyst target price of the stock is set at $72.46, suggesting an upward growth potential of 0.59%.
FSLR has earned 11 “buy” recommendations, eight “hold” recommendations, and one “sell” recommendation. The stock rose 8.0% on January 5 after the analysts at Goldman Sachs (GS) upgraded the stock to “buy.” Following the upgrade, the trading volume of the stock surged to 6.4 million from the previous volume of 2.1 million.
Gannett (GCI) had also been rated as “buy” by Wall Street analysts while Noble Financial had reiterated a “buy” rating in its report published on Monday, January 5.
Stocks at the bottom of SPY
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