CHEF - Forget Big Tech! These Were the Real Nasdaq Winners Wednesday.
Stock markets opened mixed on Wednesday morning, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) was an early winner. As of 10:30 a.m. EDT today, the Nasdaq was up 0.75%, while other major market benchmarks were flat to down slightly.
Many investors focused on the big-name tech stocks that reported their results after the bell on Tuesday, many of which helped move the overall market. However, some stocks that have almost nothing to do with technology were actually the biggest winners on the Nasdaq. Below, we'll look more closely at Tilray (NASDAQ: TLRY) and The Chefs' Warehouse (NASDAQ: CHEF) to see why their gains overshadowed Big Tech on Wednesday.
Shares of Tilray jumped 19% Wednesday morning. The marijuana stock reported its first financial results since closing its merger with industry peer Aphria, and investors liked what they saw.
For further details see:
Forget Big Tech! These Were the Real Nasdaq Winners Wednesday.