$NOW Soars 32.9% vs. IXIC's 5.8% Gain in 3 Months
I saw an interesting picture:
The top stocks with the highest gains of $S&P 500(.SPX)$ as of September 3:
$Iron Mountain(IRM)$, $Kellanova(K)$ , $3M(MMM)$, $CBRE Group Inc(CBRE)$, $Equifax(EFX)$, $Future FinTech Group Inc.(FTFT)$ , $Autodesk(ADSK)$, $Fair Isaac(FICO)$, $Targa Resources(TRGP)$, $ServiceNow(NOW)$
I would like to add some updates of $ServiceNow(NOW)$ first:
The California-based $ServiceNow(NOW)$ has a market cap of $175.3 billion and is in the cloud computing business. The company offers a comprehensive platform that improves productivity across all departments of an enterprise by streamlining processes and leveraging advanced technologies. ServiceNow has achieved strong results by integrating advanced AI into its core products, improving its operational efficiency and product offerings.
Shares of the company surged 13.4% on July 25 after the company released its second-quarter earnings report. The earnings report showed adjusted earnings per share of $3.13 and sales of $2.6 billion, beating Wall Street expectations. The company also reported a 23% increase in subscription revenue and 88 high-value deals.
$ServiceNow(NOW)$ 's stock price has soared 32.9% in the past three months, far outperforming the 5.8% increase in the $NASDAQ(.IXIC)$ during the same period.
As of September 3, $ServiceNow(NOW)$ has risen 21%, outperforming the 18% increase in the $NASDAQ(.IXIC)$ .
$ServiceNow(NOW)$ has been trading above its 200-day and 50-day moving averages, indicating a bullish price trend.
According to @cheaperthanguru,CathieDWood was the only institutional investor to trade $ServiceNow(NOW)$ stock in Q2 2024. She offloaded around 15,700 shares, reducing her position by 99.7%.
$ARK Innovation ETF(ARKK)$ ’s site suggests any remaining shares may have been sold since, marking a significant strategy shift for ARK in $ServiceNow(NOW)$
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A visual to see where growth stocks stand based on 2025 revenue growth & EV/GP: $ServiceNow(NOW)$ belongs to Tier 1.
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I like these stocks - great sharing ! @BenjiFuji @AdamKhoo @koolgal