The Nasdaq I:IXIC has been on a roll.
For three straight sessions, the tech-heavy index has set record closing highs even as its fellow major stock indexes have moved in and out of the green. While Nasdaq's record streak was in jeopardy early Thursday, June 7, these stocks have been leading the index's push higher.
Axovant Sciences Ltd. (AXON) - Get Report shares have jumped more than 220% over the past five days, including a 25% rise on Thursday.. Helping drive the push was the fact that Axocant received exclusive worldwide development and commercialization rights for an experimental gene therapy treatment for patients with Parkinson's disease.
Qualcomm Inc. (QCOM) - Get Report shares have risen 5.75% over the past five sessions. Qualcomm shares were up 2.64% on Thursday after the company expressed hope that a deal between Chinese handset maker ZTE and U.S. officials will reopen the door for its proposed acquisition of NXP Semiconductors N.V. (NXPI) - Get Report in China.
NXP Semiconductors shares were up 6.35% Thursday on comments from Qualcomm CEO Steven Mollenkopf at TheDeal's annual corporate governance conference. "We still have things to get done on the regulatory front," Mollenkopf said on the NXP deal. He continues to be confident in the deal closing.
Cybersecurity company Szcaler Inc. (ZS) - Get Report shares were up 45% over the past five sessions, including a 25% jump Thursday following the release of its earnings results Wednesday. The company reported a loss of 2 cents a share in the third quarter, narrower than Wall Street's call for a loss of 8 cents.
Specialty value retailer Five Below Inc. (FIVE) - Get Report has risen 40% over the past five sessions, including a 22% jump Thursday following its earnings release. The company reported earnings of 35 cents a share, topping analysts' expectations of 32 cents. Revenue of $296.3 million also beat Wall Street's $291.1 million expectations.