Early Leaders of the NEW Bull Market
To the surprise of many investors, we are in the beginnning stages of a NEW Bull Market. Here are 5 stocks I see as market leaders:
Cloudflare’s (NET) Revenue Jumps 42% as Large Customers Continue to Spend
Cloudflre (NET) continues to show solid revenue growth (42% last qtr) as $500,000 clients rose to 222, up 83% year-over-year.
Lululemon (LULU) Delivers Sensational Results as More Inventory Helped
Lululemon’s (LULU) inventory jumped 82% two quarters ago, and this added apparel helped boost sales a solid 30% last quarter.
AMD (AMD) Sales Rise, Profits Decline as the Company Delivers a Mixed Bag
AMD (AMD) is seeing strong demand from big Dacacenter customers, with weakness in PCs and big Enterprise customers.
Chart Industries (GTLS) Stock Fell After Announcing the Howden Acquisition
Chart Industries (GTLS) fell hard after it announced a big acquisition, and I think it will take time for the shares to recover.
Cintas (CTAS) Continues to Deliver Double Digit Revenue and Profit Growth
Cintas (CTAS) continues to deliver solid results, with last quarter’s profits up 17%. But the stock may continue to base for a while.
Nike’s (NKE) Sales Growth is Solid as Management Moves Inventory
Nike (NKE) continues to grow sales at a robust rate (+14% last qtr), especially in North America (+27%) as is slashes inventory.
Dollar General (DG) Delivers a Solid Quarter; Management Warns on Profits
Dollar General (DG) delivered solid results last quarter, but management sees lower profits through the first two quarters of 2023.
Five Below (FIVE) Has Great Deals Over $5 with its Five Beyond Concept
Five Below (FIVE) has thrived selling items for $5 or less. Now its got higher-priced items with its Five Beyond in-store concept.
Factset Research’s (FDS) Profits Rise 16%; Stock is as Dependable as Ever
Factset Research (FDS) has been a dependable double-digit grower — both profit-wise and stock-wise — that continues to deliver.
Adobe’s (ADBE) Software Business is Proving to Be Quite Resilient
Adobe (ADBE) delivered a surprisingly strong quarter as its software is proving to be quite resilient in weak economic times.
Consultant Accenture (ACN) Reported Solid Bookings Growth of 13% Last Qtr
Accenture (ACN) delivered solid bookings growth of 13% last quarter as it sees strong demand in large transformational deals.