Top-10 Sectors Gain Over 15% In July (URRE, DNN, CCJ, CAGC, GRO, CGA, STP, YGE, TSL)After a rocky second quarter, stocks rebounded in July, and select sectors surged past the S&P 500’s rally by as much as 21%. A look at the top-10 tickerspy Indexes over the last month shows that a diverse group of industries powered higher for the period, and some closely watched sectors were among them. As a whole, the Chinese Solar Stocks Index is on pace to finish the month on top of the ranks with a massive 28% rally. The Index is tracked by over 1,000 tickerspy members. Yingli Green Energy (YGE), Trina Solar (TSL), and Suntech Power Holdings (STP) are have all given back more than -10% of their recent rallies over the past week. Elsewhere, Uranium Resources (URRE), Denison Mines (DNN), and Cameco (CCJ) all helped the Uranium Stocks Index outperform the S&P by 10% over the last month. Earlier this week, Uranium Energy CEO Amir Adani said, “Throughout the industry, demand far exceeds supply on both a global and local-U.S. basis for now and the forseeable future.” While not all analysts are in agreement, investors have clearly gotten more optimistic, sending more than half of the Index’s components higher by over 10% in the past five sessions. Meanwhile, the volatile Chinese Agriculture Stocks Index is up by 17% in the last month amid rising agricultural commodity prices. Despite posting gains of more than 15% for the period, China Agritech Inc (CAGC), Agria (GRO), and China Green Agriculture (CGA) are all off by more than -15% on a three-month basis, so it will be interesting to see how these stocks perform heading into August. For more on these stocks, and the full list of tickerspy’s top performing Indexes visit tickerspy.com.
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