Defying Market Downturn! Which Companies Surged to New Highs?

WallStreet_Tiger
09-04

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.

Pricing Recession? Which Defensive Stocks Do You Pick?
Tech stocks led the decline on Tuesday, with the Nasdaq dropping more than 3%. Manufacturing activity in the U.S. contracted for the fifth consecutive month in August, with orders and production indicators accelerating their decline. Lower than expected manufacturing data raised concerns among investors about a potential recession in the U.S. economy. However, consumer staples surged, with KO, Pepsi, and PG rising around 2%. Do you have consumer staples in your portfolio? Which one do you favor?
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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