Buy the Surge in Coinbase (COIN) or First Solar (FSLR) Stock?

Coinbase Global COIN and First Solar FSLR stock led another day of exuberant market gains following the announcement of the United States trade deal with China. 

Both surged over 20% on Tuesday, as investors applauded Coinbase being added to the S&P 500, with it noteworthy that the price of Bitcoin has soared to over $100,000 again. Meanwhile, the excitement for First Solar’s stock came as the world’s leading solar module manufacturer could receive up to $10 billion in tax credits as lawmakers reconfigure the exemptions that were provided in the Inflation Reduction Act, such as the Investment Tax Credit (ITC-48E).

Investors may be wondering if it’s time to buy the surge in Coinbase and First Solar stock, with COIN and FSLR now in positive territory for the year and sitting on impressive gains of over +300% and +200% in the last three years, respectively.