The stock market extended its winning streak on Monday ahead of a key inflation report. S&P 500 increased 1.1% to 4,110, while NASDAQ was up 1.3% to 12,266.
Meanwhile, EPAM Systems (EPAM) continued to execute through the Russo-Ukrainian War.
Tweet of the Day
https://twitter.com/jonathanharrier/status/1568651845849198593?s=46&t=eeBv6O5Pb6s1vqrqLHYIAw
Quote of the Day
A good outcome with the Ukraine-Russia tensions could boost the stock market.
Among the stocks that would benefit most could be EPAM Systems.
– David Sharek, Founder of The School of Hard Stocks
Chart of the Day
Our chart of the day is the one-year chart of EPAM, as of August 26, 2022, when the stock was at $423.
EPAM engineers technologically advanced websites and digital platforms for enterprise organizations. Basically, if you want to do something special with your website, you can consult with EPAM. They will help you plan it, then their programmers will build it.
EPAM business was negatively impacted by the Russo-Ukrainian War, as around 60% of company staff was in Ukraine, Belarus and Russia. Through the turmoil, the company was able to relocate employees and keep operations humming along.
Revenue jumped a remarkable 36% last qtr, but profit growth was only 16% due to higher costs of the ongoing relocation of employees.
EPAM is part of the Growth Portfolio. David Sharek’s Fair Value P/E D is 40, up from 32 last qtr.
