Defying Market Downturn! Which Companies Surged to New Highs?
Yesterday, tech stocks led the market decline due to weak ISM data and renewed doubts about AI. However, some stocks managed to rise strongly despite the downturn.
Besides the certainty of US Treasury ETFs $iShares 20+ Year Treasury Bond ETF(TLT)$ $Direxion Daily 20 Year Plus Treasury Bull 3x Shares(TMF)$ in September, are these stocks worth adding to your watchlist?
$WR Berkley(WRB)$, a commercial insurance company, was up 1.37% yesterday, ending the day at $60.52, with a YTD increase of 28.37%.
$Progressive(PGR)$, the insurance company, ended yesterday at $252.32, with a modest increase of 0.05% and an impressive YTD gain of 58.41%. PGR is a regular seen name in our "New Highs" column.
$Procter & Gamble(PG)$, the consumer goods giant we all know, saw a 1.74% rise yesterday, closing at $174.52, with a YTD gain of 19.09%.
$WELLTOWER OP LLC(WELL)$ , a REIT specializing in senior housing and healthcare facilities, closed at $122.06 yesterday, up 1.14%, with a YTD gain of 35.37%. REITs are indeed more sensitive to interest rates.
$AbbVie(ABBV)$ , the global biopharmaceutical powerhouse, rose 0.7% yesterday, closing at $197.69. The pharma giant has surged 27.57% YTD.
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$Direxion Daily 20 Year Plus Treasury Bull 3x Shares(TMF)$
$iShares 20+ Year Treasury Bond ETF(TLT)$