The Nasdaq's Struggling, But Investors Are Watching These 2 Winning Stocks
The stock market continues to zig and zag. After a strong July, share prices are sinking again, with the Nasdaq Composite (NASDAQINDEX: ^IXIC) now down 24% year to date. If this month pans out like most Septembers do, the index could soon find itself even deeper in the red.
Not every Nasdaq-listed name is caught up in the sweeping bearishness, though. A couple of them are defying the sell-off so firmly, in fact, that investors are taking notice. This strength may well be a sign that it's time to add one or both to your portfolio.
The past few weeks have been great ones for solar stocks, for a couple of reasons. One of them is June's executive order from President Joe Biden, which facilitates an expansion of the United States' solar panel manufacturing industry. And August's passage of the Inflation Reduction Act provides tax credits to homeowners who install new solar power systems at their homes; the credit is even greater for those homeowners who purchase American-made solar panels and related equipment. Manufacturers, however, will also receive tax credits of their own simply for continuing to make what they're already making.
Source Fool.com
