Aspen Technology’s main target customers might be in the slow lane, but the enterprise software company is in high gear. Aspen’s stock has trended higher most of this year despite dips in oil prices, even as it works through a major business transition. Investors have responded to its moves. Aspen Technology (AZPN) stock is up nearly 25% this year after falling 16% in 2014. Falling oil prices should, in theory, hurt Aspen, since its business
Three highly rated IBD 50 stocks made impressive gains Monday despite the market sell-off: Ambarella (AMBA), CyberArk Software (CYBR) and Taser International (TASR). Monday marked a four-session winning streak for Ambarella, which has a highest-possible IBD Composite Rating of 99. The GoPro (GPRO) chip supplier’s shares powered to a new high of 111.88 in quick turnover, gaining as much as 8% intraday before closing the session up 5%. Ambarella has
Tesla Motors (TSLA) stock rose 2.9% Monday ahead of Tuesday’s annual stockholder meeting — and if this one goes like the last one, investors will hear more about the electric-car maker’s plans than what’s on the agenda. The Tesla stockholder meeting will be webcast and the event starts at 2 p.m. PDT at the Computer History Museum in Mountain View, Calif. Will Tesla give more details on orders and deals in its new Tesla Energy stationary-battery