Why Did Netflix, JD.com, and Trex Hit New Highs Last Week?
There were 1,637 stocks on the three major U.S. stock exchanges hitting new 52-week lows last week, but it wasn't a bad time for everybody. Nearly 300 stocks also managed to score fresh highs during last week's sell-off, and some of the names might surprise you.
Netflix (NASDAQ: NFLX), Trex (NYSE: TREX), and JD.com (NASDAQ: JD) all managed to trade at levels that they hadn't seen in more than a year during last week's overall market downturn. Let's take a closer look at the reasons these three investments are bucking the Wall Street malaise.
Image source: Trex.
Source Fool.com
