All-Time-High Stocks: Brace for Gains from Rate Cuts!

WallStreet_Tiger
07-17

Sector rotation is ongoing, with large-cap tech and semiconductor sectors declining pre-market.

$iShares Russell 2000 ETF(IWM)$ however has risen 10% this month.

Sector rotation and rate cut expectations are bound to benefit biotech and financial sectors more.

In addition, the energy company $Diamondback(FANG)$ , which cannot be ignored, has also hit a new high. Let's take a look at the companies that hit new highs this week!

  • $Diamondback(FANG)$: This energy sector company is currently priced at $143.95 with a P/E ratio of 11.78. It has achieved an all-time high of $209.06 and a year-to-date performance of 34.81%.

  • $Discover(DFS)$: A financial company, $Discover(DFS)$ is priced at $141.82 with a P/E ratio of 16.19. It has reached an all-time high of $141.82 and has a year-to-date gain of 26.17%.

  • $Brady(BRC)$: In the industrials sector, Brady Corporation is priced at $69.05 with a P/E ratio of 17.64. It has an all-time high of $69.05 and a year-to-date performance of 17.65%.

  • $Dover(DOV)$: Another company in the industrials sector, Dover Corporation is priced at $191.49 with a P/E ratio of 18.39. It has an all-time high of $191.49 and a year-to-date gain of 24.50%.

  • $Elevance Health(ELV)$: This healthcare sector company is priced at $553.14 with a P/E ratio of 20.90. It has an all-time high of $553.14 and a year-to-date performance of 17.30%.

Which companies would you add to your watchlist?

AFRM Soars 30%! Will You Choose Growth Stocks?
Affirm shares surge 30% after better-than-expected results, strong guidance. With rate cut coming in September, would you look at growth stocks?
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

  • KSR
    07-18
    KSR
    👍
Leave a comment
1
12