These 2 Nasdaq Stocks Are Riding High Into Thanksgiving
It's the Wednesday before Thanksgiving, and that means people across the U.S. are looking forward to a day off on Thursday and a weekend shopping frenzy for the remainder of their time off. That translated into fairly quiet trading on Wall Street, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to bounce back from recent losses by posting a modest gain of around 0.2% as of 1 p.m. ET.
Many traditional retailers have been under a lot of pressure this week, but in the e-commerce world, things have never looked better for some companies. In particular, shares of Etsy (NASDAQ: ETSY) and Global-e Online (NASDAQ: GLBE) were both jumping on Wednesday afternoon, and investors are hoping that what the two companies have done so far is just the beginning of a much longer growth surge. Below, we'll look more at what's making these two stocks move on the day before Thanksgiving.
Shares of Etsy were up almost 7% on Wednesday afternoon. The craft and homemade-goods marketplace got favorable views from a couple of Wall Street analysts that helped drive interest in its stock.
Source Fool.com
