I wrote about Zynga (ZNGA) yesterday, among other social media websites. The funny thing is that Zynga was the most active stock on Nasdaq yesterday. A volume leader (80,081,587), and that is twice as much as Microsoft. Wow! Zynga plummeted -12,16%.
The gaming company recently made an official statement that Zynga is now working with BitPay and will accept the currency in some of its games. This innovative approach will allow you to pay with Bitcoins.
Gamers do not need any credit card or a PIN to be signed in to their site, and transfer funds electronically. With their new mobile games for Apple`s iOS platform, they try to differentiate themselves from their competitors like International Game Technology (IGT) and Electronic Arts (EA).
That was the big loser on Nasdaq yesterday, but who was the winner? Earlier, I wrote about the health-care bull. Yesterday`s winner on Nasdaq was Sarepta Therapeutics Inc (SRPT). This winner is up 40,14%.
Number three on the Nasdaq winner list yesterday was another health-care company. Prosenca Holding (RNA). The stock is up amazingly $24.37%. Not bad for only one trading day. Analysts are bullish on both health-care stocks mentioned in here.
Another winner yesterday was SolarCity (SCTY), which is up 12,12%. So far this year this stock is up 35,2%. Last 12 months, the stock is up 449,4%. SolarCity Corp is engaged in designing, sales, engineering, installation, monitoring, maintenance and financing of solar energy systems to residential and commercial customers, and sale of electricity generated by solar energy systems to customers.
2013 was the year for solar stocks. Solar ETF`s like Guggenheim Solar (TAN) and Market Vectors Solar Energy (KWT) is up 114% and 92%. First Solar (FSLR) is downgraded. Most of all because they have a different business model than SolarCity. We have seen an intense insider selling in SolarCity last 30 days.
You can imagine how this industry will look like in the future if (or shall I say when?) the oil price is declining. The oil price will probably peak out at around $150 a barrel, but in the long run it will decline and hit the bottom at around $10 to $20 a barrel. renewable Energy is the future!
News today: Building Permits & Housing Starts at 8:30am, Capacity Utilization Rate & Industrial Production at 9:15am, Prelim UoM Consumer Sentiment at 9:55am, JOLTS Job Openings at 10:00am.
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Ket Garden
Shiny bull 