Nothing's Holding These 2 Growth Stocks Back From Big Gains Wednesday
It's natural to see the stock market pull back after a multiday rally, and that's exactly what happened on Wednesday. As some big giants in the tech world reported financial results that seemed to support the idea that there's an economic slowdown going on, major stock indexes were broadly lower, with the worst of the damage felt among companies most prone to macroeconomic pressures.
Yet even on a down day for the markets overall, a couple of companies stood out with strong financial results. Both Enphase Energy (NASDAQ: ENPH) and Wingstop (NASDAQ: WING) have had a history of generating extremely fast growth, and their share prices have held up better than many of their peers' during the bear market. The latest financial reports from the two companies gave more fuel to bullish investors in the two growth stocks, and that has share prices moving sharply higher.
Enphase Energy added to recent gains, with its stock climbing more than 10% on Wednesday morning. The marker of inverters and tracking technology for solar power systems keeps on cashing in on strong demand for its products.
Source Fool.com
