These Are the 2 Nasdaq Stocks to Watch Thursday
The stock market looked poised to give up some ground on Thursday morning, with futures on the Nasdaq Composite (NASDAQINDEX: ^IXIC) posting a nearly 50-point decline to 15,329 as of 8 a.m. EDT. The Nasdaq has struggled somewhat recently, as the high-growth stocks that are most popular among investors right now have had their long-term prospects called into question by the specter of rising interest rates.
Yet as earnings results keep coming out, strong consumer-oriented companies are proving that they have a lot going for them. On Thursday morning, Crocs (NASDAQ: CROX) and Tractor Supply (NASDAQ: TSCO) continued their winning ways, setting the stage for solid gains even in a down market. Below, we'll look at why investors are so upbeat about these two stocks.
Shares of Crocs climbed almost 10% on Thursday morning in premarket trading. That move added to huge gains for the stock so far this year, and the company seems to think there could be a lot further to go in its growth ambitions.
Source Fool.com
