Investors Won Big in This Week’s Top Sectors
It was a strong September week for the equity markets, especially in these high-flying sectors.
After taking a breather for Labor Day, the bulls came back in force this week, sending stocks higher across the board. While buying the benchmarks earned investors gains, prudent stock pickers won big in a number of sectors.
Opexa Therapeutics (OPXA) exploded higher by more than 170% this week after the company announced 83% of patients in its multiple sclerosis study went relapse-free for an entire year. Just over one month ago the company had a meager $6 million market-cap. Following a potentially blockbuster deal with Novartis (NVS) and the multiple sclerosis study results, the company is now worth over $50 million.
Overall, the Stem Cell Stocks Index was up by 15% over the last week, topping the tickerspy performance rankings.
The Chinese Solar Stocks Index is selling off today, but remains a top performer over the last week.
Domestic solar giant First Solar (FSLR) broke in to the Chinese market this week, signing a contract to build the world’s largest photovoltaic power plant over the next decade.
Trina Solar (TSL) CFO Terry Wang said Tuesday that the worst is over for the solar industry, though research group iSuppli warned that a supply glut will loom over the sector through 2012.
More than half of the Hotel REITs Index was up by over 10% this week after an analyst offered optimistic ratings for the sector.
Sunstone Hotel (SHO), Host Hotels & Resorts (HST), and Diamondrock Hospitality (DRH) were all initiated with a Buy rating from Collins Stewart, while Ashford Hospitality Trust (AHT) was initiated with a Hold.
Investors can follow these Indexes as well as more than 250 others at tickerspy.com.
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