Can These Stocks Continue to Hit New Highs After Doubling in 2024?
After last Friday's strong rebound, the market seems to have returned to the joy of an upward trend. However, individual stock performance remains quite divided. $.IXIC(.IXIC)$ closed higher yesterday, while $.DJI(.DJI)$ ended in the red. Is the market gearing up for a Trump comeback rally? Let's take a look at the growth stocks that hit new highs yesterday!1. $Reddit(RDDT)$ hit a record high yesterday at $179.49, an astounding 380.71% surge in 2024.As a globally renowned social media platform, Reddit has seen sustained growth in user engagement and advertising revenue. In the third quarter, the company achieved a net profit of $29.9 million, reversing a loss of
Mag 7 Set All Time Highs Again! Which Company Brings You the Most Profit?
After the release of the CPI data last night, the market began to rally. Tech stocks, led by $Tesla Motors(TSLA)$ , soared, driving the $.IXIC(.IXIC)$ to break through the 20,000-point milestone yesterday! Among the "MAG 7" companies, five hit all-time highs, with $NVIDIA Corp(NVDA)$ and $Microsoft(MSFT)$ being the exception. This is a sharp contrast to the first half of the year, when Nvidia stood out as the dominant performer in the MAG 7, while Tesla lagged far behind. Over the past 30 days, Tesla has surged by 30%, while Nvidia has dropped by 6%.Let’s take a closer look at this special edition of all-time-high colum
All Time High: Will You Choose Small Cap or Big Giants?
1. $Spotify Technology S.A.(SPOT)$ hits $506.47, up 167.35% YTD, has beaten earnings expectations for the past four quarters.WSB users regret not buying despite daily use of Spotify for music.2. $Marvell Technology(MRVL)$ hits $119.88, up 95.90% YTD. Marvell exceeded market expectations with its Q3 FY2025 earnings, seeing a 23% surge in its stock price. It is a leading semiconductor company that designs chips for data storage, networking, processing, and communication. Revenue of $1.516 billion was up 6.9%, surpassing the analyst consensus of $1.45 billion. The data center segment, its largest revenue source, saw a 98% year-on-year increase in Q3, with revenue hitting $1.1 billion, slightly exceeding the
Black Friday Shopping Frenzy! Which Companies Could Be Big Winners?
According to a Morgan Stanley survey conducted this month involving around 2,000 consumers, Americans are more optimistic about holiday shopping prospects than in the past two years.Approximately 35% of respondents said they expect to spend more this holiday shopping season compared to last year.The latest consumer survey by the National Retail Federation (NRF) projects that average spending on gifts, food, decorations, and other seasonal items during the winter holidays will reach a record $902 per person. This is about $25 higher than last year's average and $16 above the previous record set in 2019.This year, online shopping remains the top destination, with 57% of consumers planning to shop online. Following closely are department stores (46%), grocery stores and supermarkets (46%), an
Following Nvidia's strong rebound yesterday, the Nasdaq surged higher. Check out the stocks that hit new highs this week!1. $MicroStrategy(MSTR)$ soared more than 11% to touch a new all-time high of $449 The company announced buying more bitcoin as bitcoin hit an all time high of near $94000 yesterday.MicroStrategy began accumulating Bitcoin since 2020. Last week, the company invested $4.6 billion to acquire nearly 80,000 more BTC, bringing its total holdings to 331,200 BTC. The performance of MSTR has been closely linked to Bitcoin.Since August 2020, MSTR stock has surged 3,000%, while BTC prices have gained “just” 660%.Despite a 580% increase in MSTR's stock price this year, many investors avoid it due to its poor fundamentals and higher volatil
New Highs: Small-cap and Tech Growth Stocks Poised for Huge Bull Run?
U.S. stocks continue to hit new highs, and the gains of small-cap stocks, especially those tech growth stocks that went public in 2020 and 2021, are hard to ignore. Check out this week's new high stocks!1. $Palantir Technologies Inc.(PLTR)$ hits an all-time-high of $62.08, with a YTD gain of $250.83%.Last week, Palantir surged 20% on a day after reporting strong third-quarter results, driven by a significant increase in AI-driven demand.EPS: 10 cents adjusted vs. 9 cents expected (+11.11%)Revenue: $726 million vs. $701 million expected (+3.57%)Palantir also raised its full-year revenue forecast, signaling robust future growth. Despite challenges in Europe and the Middle East, the company is targeting a 26% revenue increase for 2024.Additionally, t
Growth or Meme Stocks: Would You Choose Them in Bull Market?
Yesterday, against the backdrop of a new market high following Trump's election victory, several companies surged more than 20% in a single day after their earnings reports! Let's take a look at the outstanding performance of these growth stocks.1. $Lyft, Inc.(LYFT)$ jumps 22.85% yesterday, a year-to-date gain of 18.01%. The company’s turnaround plan pushed it to an all-time high.Adjusted EPS: $0.29 vs. $0.20 forecast (a 45% beat)Revenue: $1.5 billion, beating estimate of $1.4 billion. (a 7.14% beat)The ridesharing company posted a record 217 million rides, up 16% from the year-ago period and ahead of the 213 million rides expected. 2. $Under Armour Class A(UAA)$ jumped 27.2% yesterday, achieving a ye
All-Time Highs: Will Stock Market's Next Trend Be Elections or AI?
After Trump’s election victory yesterday, US stocks $.SPX(.SPX)$ hit all-time highs across the board. Plus, there are some standout stars from this earnings season that shouldn’t be overlooked. Check out this week’s 'New Highs' column!1. $Morgan Stanley(MS)$ closed at $131.49 with a year-to-date increase of 41.01%. During his campaign, Trump expressed an intention to reduce corporate tax rates from 21% to 15%, which would be positive news for the banking industry. With lower tax rates, bank profits would naturally rise, boosting investor confidence. Trump has also advocated for reducing regulatory burdens, allowing the banking industry to operate in a more relaxed environment. 2.
Earnings Season: Check These Stocks Who Beat and Hit New Highs!
This week we had a busy earnings report week! Which stocks that beat expectations and rose have been missed? These stocks reached all-time highs or 52-week highs after their earnings reports.1. $Royal Caribbean Cruises(RCL)$ reached a record high of $214 due to strong third-quarter results and a positive outlook.EPS: $5.20, beating the analyst consensus of $5.04.Revenue: $4.89 billion, in line with estimates.EPS Guidance: Raised to $11.57-$11.62, in line with the $11.58 consensus.The cruise operator reported strong booking trends and load factors of 111% in Q3, reflecting high demand. Net yields rose 7.9% year-over-year in constant currency, supported by higher pricing and strong onboard spending.2. $Booking H
$Coinbase Global, Inc.(COIN)$ announced its Q3 earnings yesterday, and the results fell short of expectations. As a result, the stock dropped 4.84% after hours.Coinbase’s revenue and profit were both below what analysts had anticipated. This disappointing report contrasts sharply with the recent surge in Bitcoin's price.In 2023, Bitcoin's price has soared by 70%, while Coinbase’s stock has only risen by 22%. So, why is Coinbase lagging behind Bitcoin?Performance ComparisonIf we compare their trends, both Coinbase and Bitcoin show similar patterns. However, Bitcoin is nearing its all-time high, while Coinbase is still far from its peak.Looking back over the last two years, Coinbase plummeted 86% in 2022, compared to Bitcoin’s 64% drop. In 2023, Coi