Stocks Soar As Many Growth Stocks Jump 7% on the Day
Stocks soared in the market today, with 99% of the stocks in our coverage up on the day, with multiple names up 7%.
Stocks soared in the market today, with 99% of the stocks in our coverage up on the day, with multiple names up 7%.
Today in the stock market, last year’s high-flying tech stocks with high price-to-sales ratios slid in a market that was rather flat overall.
Factset Research (FDS) is getting strong demand for its workstations, and that’s causing profits to rise faster than they normally do.
Today in the stock market, stocks gave up early gains as inflation hit a 40-year high. Shares of Upstart (UPST) were down 6%.
Shares of Lululemon (LULU) jumped after it solid earnings growth of 31%, but witha P/E of 41 the shares are now fairly valued.
Bill.com (BILL) is a great stock — if you get in when the price is right. And for me, that price is 20x revenue or $144 a share.
Tractor Supply (TSCO) is in a good area for growth as the southern migration could require farm equipment and livestock items.
Five Below’s (FIVE) “Triple Double” growth initiative includes doubling profits in three years and tripling the store count by 2030.
Today in the stock market, investors looked for value in beaten-down stocks including Ross Stores (ROST) and Five Below (FIVE).
Adobe’s (ADBE) quarterly revenue growth just slid from 20% two qtr ago to 9% last qtr, but the stock is cheaper than it used to be.
SenntinelOne (S) is a fast growing cybersecurity company with revenue up 120% last qtr. Unfortunately, its losses are growing too.
Shares of Sweetgreen (SG), Shopify (SHOP), and Atlassian (TEAM) lead our list of decliners on a day when the S&P 500 declined 1%.