3 Top-Performing Stocks Beating the Big Names in 2024

InvestorPlace07-26

As the Magnificent Seven drags the market down, perhaps a new class of top-performing stocks can get the job done. Super Micro Computer (SMCI): The Nasdaq 100 newcomer could take on double damage in a...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2454383663?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-26 02:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2454383663","market":"us","top_or_hot":-1,"title":"3 Top-Performing Stocks Beating the Big Names in 2024","media":"InvestorPlace","content":"<div>\n<p>As the Magnificent Seven drags the market down, perhaps a new class of top-performing stocks can get the job done.\nSuper Micro Computer (SMCI): The Nasdaq 100 newcomer could take on double damage in a...</p>\n\n<a href=\"https://investorplace.com/2024/07/3-top-performing-stocks-beating-the-big-names-in-2024/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Top-Performing Stocks Beating the Big Names in 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Top-Performing Stocks Beating the Big Names in 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-26 02:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/07/3-top-performing-stocks-beating-the-big-names-in-2024/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As the Magnificent Seven drags the market down, perhaps a new class of top-performing stocks can get the job done.\nSuper Micro Computer (SMCI): The Nasdaq 100 newcomer could take on double damage in a...</p>\n\n<a href=\"https://investorplace.com/2024/07/3-top-performing-stocks-beating-the-big-names-in-2024/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0980610538.SGD","symbol_name":"Natixis Harris Associates US Equity RA SGD-H","start_time":0,"source_url":"https://investorplace.com/2024/07/3-top-performing-stocks-beating-the-big-names-in-2024/","article_id":"2454383663","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454383663","pubTimestamp":1721932141,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"The following top-performing stocks may continue to gain as the Magnificent Seven runs out of steam in July.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","PSQ":"纳指反向ETF","LU0114720955.EUR":"SUSTAINABLE GLOBAL HEALTH CARE \"A\" INC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4532":"文艺复兴科技持仓","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0079474960.USD":"联博美国增长基金A","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","TQQQ":"纳指三倍做多ETF","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LLY":"礼来","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","ANET":"Arista Networks, Inc.","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","QID":"纳指两倍做空ETF","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","TSLA":"特斯拉","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0471298694.HKD":"BGF NUTRITION \"A2\" (HKD) ACC","SMCI":"超微电脑","SQQQ":"纳指三倍做空ETF","SG9999015978.USD":"利安颠覆性创新基金A","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","QLD":"纳指两倍做多ETF","IE0002141913.USD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I2\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS",".IXIC":"NASDAQ Composite","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","IE00BFTCPJ56.SGD":"Janus Henderson Global Life Sciences A Acc SGD","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","NVDA":"英伟达","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H"},"translate_title":"2024年3只表现最佳的股票击败了大牌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANET":1,".IXIC":0.9,"SMCI":0.9,"LLY":0.8,"TSLA":0.6,"NVDA":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"As the Magnificent Seven drags the market down, perhaps a new class of top-performing stocks can get the job done.\nSuper Micro Computer (SMCI): The Nasdaq 100 newcomer could take on double damage in a sell-off. But such a dip could prove a timely buying opportunity.\nArista Networks (ANET): It looks timely as the AI tailwind approaches the networking firms.\nEli Lilly (LLY): The GLP-1 drug maker has what it takes to be even more magnificent than the Magnificent Seven members.\n\n\n\n\n\n \n\nSource: AdityaB. Photography/ShutterStock.com\n\n\n\nAfter Wednesday’s painful market-wide sell-off, investors seem more willing than ever to give up on the big-tech trade. Indeed, the Magnificent Seven was crushed as two members reported quarterly results that failed to impress.\nAs portfolios concentrated in these names look to diversify into some of the mid-and large-cap top performers, perhaps it’s the non-magnificent stocks’ time to shine.\nThough I don’t think a rougher-than-expected earnings season for the Magnificent Seven members will lead to the “bursting” of the AI bubble, I do think the bar gets markedly higher for mega-cap tech to pass here.\nWhenever valuation multiples expand, as they have in the first half, you can count on a tougher crowd nitpicking every fine detail for the slightest sell-worthy imperfection.\nThe Magnificent Seven’s earnings season is off to a rocky start. And as more results come due from the cohort, perhaps it’s time to show more appreciation for the rest of the market winners. Here are three that are beating their larger-cap peers.\nSuper Micro Computer (SMCI)\nSource: T. Schneider / Shutterstock.comSuper Micro Computer (NASDAQ:SMCI) shares have been caught up in the furious selling this week, with SMCI stock down more than 9% on Wednesday. Despite the steep single-day drop, the name is still up around 154% year-to-date. That kind of gain even tops the great Nvidia (NASDAQ:NVDA), which is up 132% so far this year.\nUndoubtedly, SMCI stock seems more like a name to avoid than one to buy on weakness as the tech momentum accelerates to the downside. Sometimes the fastest cars in the race have the biggest risk of skidding and even crashing. And with an elevated 1.27 beta, investors should know the name accompanies more market risk and a rougher ride in Wednesday’s session.\nIn any case, the AI server maker remains a top growth company as the intelligent data center continues its meteoric rise. For now, perhaps it’s best to be cautious when going against the grain with the Nasdaq 100’s newest member.\nArista Networks (ANET)\nSource: Sundry Photography / Shutterstock.comArista Networks (NYSE:ANET) is a networking firm that’s been firing on all cylinders lately. On Wednesday, though, ANET stock pared 6% of its gains, falling in sympathy with most other high-tech high-flyers. Despite the rough session, shares of ANET are still up a respectable 39% year-to-date. Recent turbulence may just produce that terrific buying opportunity that investors who missed the 2024 run have been waiting for.\nThough Arista has still been outdone by Nvidia so far this year, the $102 billion firm has still outdone the other six of the Magnificent Seven. And if this tech sell-off still has legs, perhaps ANET can better withstand the wave of volatility.\nRecently, Citi’s (NYSE:C) Atif Malik praised ANET stock, hiking his price target to $385 from $330. He noted the firm’s opportunity to cash in on the AI boom from the networking side. At 41.3 times forward P/E, perhaps shares aren’t as expensive as they could be, given the magnitude of such an opportunity.\nEli Lilly (LLY)\nSource: shutterstock.com/Michael ViEli Lilly (NASDAQ:LLY) is a big name in its own regard, with a $774 billion market cap. Still, it’s not a Magnificent Seven member, even though it probably deserves to be, with Tesla (NASDAQ:TSLA), once again, dropping the ball on its latest quarter while LLY stock is up more than 48% year-to-date.\nThe GLP-1 innovator behind such drugs as Mounjaro couldn’t avoid sliding on Wednesday’s session, sliding 2.1% on the day. Nevertheless, shares of the biotech giant managed to outperform the S&P 500, which was down slightly more. Perhaps lingering enthusiasm surrounding China’s approval of its weight management drug tirzepatide helped LLY stock fall to a lesser extent than the AI-related high-flyers.\nAs Lilly continues wheeling and dealing while seeking to defend its turf in the GLP-1 drug market, perhaps the modest 2% dip is worth getting behind. \nOn the date of publication, Joey Frenette did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nOn the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.\nJoey Frenette is a seasoned investment writer specializing in technology and consumer stocks. Contributing to the Motley Fool Canada, TipRanks, and Barchart, Joey excels in spotting mispriced stocks with long-term growth potential in a fast-paced market.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/07/3-top-performing-stocks-beating-the-big-names-in-2024/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454383663"}