The broader market's upward momentum seems to have lost steam. However, some stocks reached new highs yesterday.
These include tech companies, energy, and logistics companies.
Among them, $Destiny Tech100 Inc(DXYZ)$ and $ICZOOM Group Inc.(IZM)$ have risen by 1000% and 100% respectively this year.
Have these companies become too speculative now?
This rapid growth of $Destiny Tech100 Inc(DXYZ)$ was driven by strategic investments in innovative tech companies like SpaceX and OpenAI, pushing the fund's market value to $825 million.
$ICZOOM Group Inc.(IZM)$ operates in the sector of electronic components distribution and sales. Their products include semiconductor products (such as integrated circuits and optoelectronics), discretes, passive components, and various electronic equipment.
$XPO Logistics(XPO)$ has been trending higher since its excellent earnings. The company focused on bringing down costs and improving operations in 2023 and beat the top and bottom line in February earnings report.
Last week, Jefferies analysts raised price target for $Meta Platforms, Inc.(META)$ to $585 from $550, saying the company has a competitive advantage to gain in the digital ad market.
$NRG Energy Inc(NRG)$ is an energy and home services company focused on providing electricity and natural gas to residential, commercial, industrial, and wholesale customers.
How do you view these new high stocks?
Would you add them to your watchlist?
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