Why JinkoSolar Holding, America's Car-Mart, and Myovant Sciences Jumped Today
The stock market once again found itself lacking clear direction, with different indexes moving in opposite directions. Most of the same big-picture issues remained on investors' minds, and weakness in the retail sector weighed on the generally upbeat sentiment that market participants have had about the health of the American consumer. A few stocks were able to post sizable gains despite some of those concerns. JinkoSolar Holding (NYSE: JKS), America's Car-Mart (NASDAQ: CRMT), and Myovant Sciences (NYSE: MYOV) were among the top performers. Here's why they did so well.
JinkoSolar gets a day in the sun
Shares of JinkoSolar rose more than 10% after the solar panel manufacturer announced its third-quarter financial results. Revenue climbed 12% from year-ago levels during the period, and module shipments increased 13% to 3,326 megawatts. Adjusted net income soared by nearly half from the year-earlier quarter. CEO Kangping Chen believes that the report "marks a turning point for our business," as production costs continued to fall even as shipments rose. Low oil prices haven't helped
America's Car-Mart drives ahead
America's Car-Mart saw its stock climb 10% following the company's release of fiscal second-quarter financials. Earnings jumped 23% from the year-ago period, and a 12.2% rise in same-store sales pointed to a healthy environment for the auto sales and finance specialist. America's Car-Mart sold almost 9% more vehicles than it did during
Myovant looks like a HERO
Finally,
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