All-Time-High Stocks: Brace for Gains from Rate Cuts!
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?
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- KSR·07-18👍LikeReport