These 2 Stocks Could Lift the Market Thursday
The stock market hasn't performed well this week, with most major indexes seeing significant declines. Yet on Thursday morning, it looked as though Wall Street might finally have a more optimistic view on the financial world, as futures markets finally moved into positive territory with gains of about a third of a percent as of 8:30 a.m. ET.
Helping to improve the mood among investors were positive financial reports from a pair of companies. Ciena (NYSE: CIEN) was one of the fortunate few technology stocks to see gains following its earnings, and China's Hello Group (NASDAQ: MOMO) also reversed recent share-price declines with a favorable report. Read on for the details on both companies.
Shares of Ciena moved higher by 16% in premarket trading on Thursday morning. The provider of networking systems, services, and software reported financial results for the fiscal fourth quarter ending Oct. 29 that gave its investors more confidence in its ability to overcome some of the headwinds facing the technology sector right now.
Source Fool.com
