To The Moon

After $S&P 500(.SPX)$ hit a new high yesterday, only $Meta Platforms, Inc.(META)$ and $Netflix(NFLX)$ among the "Mag 7" reached new highs, while other major tech companies have yet to hit previous highs and haven't kept pace with the strong market surge.

Let’s look at which companies follow in the footsteps of the S&P and reach all-time highs!

1. $Meta Platforms, Inc.(META)$ has seen an impressive 57% YTD gain this year. Some believe Meta will be one of the first companies to benefit from AI development, using AI to optimize its advertising business.

   Additionally, in an election year, Meta’s ad revenue is expected to be substantial. Do you have confidence in Meta's advertising business?

2. $American Express(AXP)$ is a leading global financial services company, specializing in credit cards, travel-related services, and payment solutions for consumers and businesses.

   Recently, financial companies have been hitting new highs. Although rate cuts reduce banks’ net interest margins (NIM), the lower interest rate environment may boost consumer and business spending, benefiting its credit card and loan services.

3. $MercadoLibre(MELI)$ is the largest e-commerce and fintech company in Latin America, providing online marketplaces and digital payment services.

   MELI is up 34% this year. After surpassing its previous high from 2021 in August, this e-commerce giant has hit new highs multiple times in the past month. MELI is also a top contender for the next stock split.

4. $Lennar(LEN)$ is one of the largest homebuilders in the United States, focusing on residential construction, real estate, and mortgage financing.

   The real estate sector is undoubtedly one of the most direct beneficiaries of Federal Reserve rate cuts. Warren Buffett's position in Lennar Corp. is currently valued at $20.4 million, ranking as his 35th largest holding.

5. $Duolingo, Inc.(DUOL)$ is a leading language-learning platform and mobile app, offering interactive courses in multiple languages through a freemium model.

   Duolingo is also benefiting from AI development. After a sharp drop on August 5th, Duolingo has surged by more than 40% during August and September.