Our top 5 stocks of the topsy-turvey market since July's Monthly Meeting

📆 14/08/2024 16:50:00
📰 CNBC

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Here's what drove the gains in our five top-performing stocks over the past few weeks.

It's been a Jekyll and Hyde stock market since the Club's last Monthly Meeting. The S & P 500 closed at a record on July 16 — the day before our July livestream — and then started to struggle. Stocks whipsawed after July's weaker-than-expected jobs report on Aug. 2, sending the market plummeting on recession concerns that Friday. The selling continued on Monday, Aug.

Another catalyst included The Wall Street Journal report on July 19 that activist investor Elliot Management took a significant stake in the company. 2. Meta Platforms: up 14.1% The Facebook-parent can thank its stellar quarterly earnings report for a great monthly stock performance. The stock was seesawing until the July 31 release , which included beats on the top and bottom lines. Investors celebrated signs that the company's big generative artificial intelligence bets are paying off.

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Our 5 top-performing stocks since June’s monthly meeting (only one is Big Tech)Apple shares beat out the portfolio's other mega-cap tech names, with a 9.7% advance over the period.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »