All the major indexes and sectors are down sharply today, but one corner of the market remains in the green: solar energy.
First Solar (FSLR) helped kick off the rally with strong quarterly results last night. However the bigger story is the shift toward green energy and ESG investing, which has made the group this year’s top performer. See: Invesco Solar Energy ETF (TAN).
Other names to watch include:
Enphase Energy (ENPH)
Momentum traders may want to additionally look at the steep pullbacks in these Chinese issues:
Market Insights, its pages and content are hosted by TradeStation Group, Inc.
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under theTradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, including the document titled Characteristics and Risks of Standardized Options if you are interested in trading equity or index options. Online trading is not suitable for all investors. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.