ELV - These 2 Stocks Are Soaring Wednesday Morning
2023-07-19 10:50:00 ET
Wall Street got off to another solid start on Wednesday morning, with major market benchmarks rising between 0.25% and 0.5% at the open. Positive momentum in recent months has built as the economy has held up better than many had expected, and a rising number of market participants seem convinced that a new bull market not only has started but will continue for the foreseeable future.
The beginning of earnings season has definitely been a boost to the mood of investors, and a pair of financial reports helped send two stocks climbing sharply higher. Both Carvana (NYSE: CVNA) and Elevance Health (NYSE: ELV) have dealt with their share of tough times, but both companies have seen encouraging signs that have shareholders excited about their prospects. Here are the details on what's sending Carvana and Elevance upward Wednesday morning.
Shares of Carvana soared 29% early Wednesday morning. The online used vehicle retailer reported its latest quarterly financial results, but it also announced a restructuring of some of its outstanding obligations that could potentially give it a way to get out from under its massive debt load.
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These 2 Stocks Are Soaring Wednesday Morning