Over 50% gains! Will all-time-high stocks beat records or pull back?
$NASDAQ(.IXIC)$ and the $S&P 500(.SPX)$ notched their longest winning streaks since November 2021.
With the strong rebound, many stocks hit 52 week highs or all-time-highs this week.
SaaS companies benefit from generative AI
$Adobe(ADBE)$ , offering diversified software services, surges 73.89% YTD. In Nov., Adobe raised prices for its Creative Cloud.
$ServiceNow(NOW)$ , enterprise cloud computing solutions provider, soars 58.11% YTD. It beats estimates of EPS, revenue and guidance in Oct.
$Arista Networks(ANET)$ , cloud networking solutions provider rises 75.20% YTD. CEO highlights strong customer momentum in enterprise and cloud/AI sectors.
$Fair Isaac(FICO)$ , analytics software provider, climbs up 56.77% YTD. It’s set to release earnings today.
Consumption
$Deckers Outdoor(DECK)$ , UGG’s parent company, increases 57.62% YTD. Its profit jumps 75% yoy.
$Wal-Mart(WMT)$ , reknown retailer, adds 16.83% YTD. Investors bet on the company having a strong holiday season.
Expect for new highs or pullback of these stocks?
Will you chase the high?
Which company in your watchlist reached new high?
Vote, comment and repost to win tiger coins!!
Reach new highs or about to pull back?(3 choices)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.
🌟🌟🌟Walmart's Every Day Low Prices is the cornerstone of this wonderful company, bringing value to its customers. Walmart has just hit its all time high on November 7 at USD 165.65. Walmart is also a Dividend Aristocrat as it has been paying increasing dividends for the last 50 years. The current dividend yield is 1.39%.
Walmart operates 10500 stores and clubs in 19 countries and ECommerce websites. It had with met with fierce competition from Amazon but it has been able to reinvent itself by going ECommerce too. That's the kind of stock I like to own - good profitability, excellent balance sheet and great management!
@Tiger_comments @TigerStars @TigerClub @Tiger_SG
@pete13 @Fenger1188 @JC888 @LMSunshine @koolgal @Universe宇宙 @DiAngel @HelenJanet
Never wise to chase the high. Expecting pullback as some take profits. Prefer to only buy when price is right.
@HelenJanet @Success88 @rL @DiAngel @Fenger1188 @SPOT_ON @Kaixiang @SR050321 @Universe宇宙 come join
@TigerStars @CaptainTiger @MillionaireTiger @Tiger_comments @TigerEvents @TigerClub
$NASDAQ(.IXIC)$ and $S&P 500(.SPX)$ are meeting resistance/support zone, which typically met by some hot contestations between bulls and bears.
While I am hopeful the markets will trend up over time, i am simply not convinced that the positive sentiments that arose from Jerome Powell's speech and Q&A last week merits such overwhelming optimism in the markets when the mantra of 'higher for longer' remains chiming in the background.
May the market be with you.
我觉得这个股票还能涨📈
The market usually will have a pullback after hitting highs or new highs
And pullbacks will be a great opportunity to buy in again
Buying when stocks start rising is usually good as compared to buying on dips, but refrain from buying when it reached highs like 52-wk high or new highs
Or you may have problems selling them later on
I believe the "new highs" have already been priced in for Q4 of 2023. I am expecting a gradual retracement or consolidation of NOW before it surges to new highs in Q1 of 2024.
In short, I will not be chasing after any immediate "new highs" and will put my emotion in check for now until the 1st Quarter of 2024.
All good things come to those who patiently wait with solid planning and timing. All the best!
Arista Networks' shares surged 12% after reporting strong Q3 financial results, exceeding revenue and profit expectations. Robust growth has been impressive, and it's likely this trend will continue down the road. Arista Networks is pricey, but the growth opportunity it offers is likely worth that hefty price tag. Arista Networks is a high growth company with massive tailwinds at its back. The company's market share is growing, alongside an expanding secular market trend for networking infrastructure. Margins have been strong on the back of consistent execution. That said, the company is fully valued at more than 10x sales and 30x earnings.
Repost
Tigers, what's your thoughts?