Bank or SaaS: Which Record-High Stock to Add to Your Watchlist?

WallStreet_Tiger
07-02

  • $Arista Networks(ANET)$ closed at $357.6 with a YTD increase of 51.46%.

    In addition to Arista, other SaaS companies like $Snowflake(SNOW)$ and $Cloudflare, Inc.(NET)$ also presented robust growth recently, benefitting from recent sector rotation.

  • $Piper Sandler Companies(PIPR)$ closed at $231.98 and had a YTD gain of 32.66%;

  • $JPMorgan Chase(JPM)$ closed at $205.45 with a YTD rise of 20.78%,

    After last week's stress tests and news of increased dividends, most banks have recently shown strong performance.

    For example, although $Bank of America(BAC)$ and $Goldman Sachs(GS)$ have not reached all-time highs, they have been continuously rising over the past week.

  • $Intuitive Surgical(ISRG)$ reached $436.24. It surged following impressive first-quarter earnings, with the stock climbing nearly 30% year-to-date.

    Analysts expect that upcoming artificial intelligence and machine learning enhancements will fuel its further growth.

  • $Hilton(HLT)$ rose to $214.23, with a YTD increase of 17.65%, Hilton Worldwide has shown steady growth, benefiting from a rebound in the travel and hospitality industry.

Sector Rotation? Will Fund Flow to ____ ?
As semiconductors pulled back, the financial and consumer sectors closed higher. Companies like PG, CL, and WMT hit new highs. Tesla and Apple also showed strong momentum recently. SaaS stocks Snowflake and Cloudfare present good upward trend. ----------------------- What other opportunities are worth paying attention to? Will fund flow to other sectors? Will growth stocks start to rise?
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.

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