Companies that are doing well have the best chance to continue doing well. Finding stocks that are already being rewarded in their stock price growth is one of the best ways to find stocks to invest in. There is no guarantee that they will continue to do well. But they are already in the best position among their peers and in the market as whole. Today we have three stocks featured that are experiencing growth. Take a look at these.
Palo Alto Networks (PANW) has been a steady grower for years and its price growth has been in acceleration in recent months. This may mean that a pullback is in order. Unless it is based on some real bad news, it will be a buying opportunity. With cybersecurity threats becoming stronger via AI, firms like Palo Alto are in greater demand. The AI boom has been brought great opportunities for Palo Alto Networks.
Another stock that has benefited from the AI boom is NVIDIA Corp. (NVDA). As you can see their stock price has more than tripled in the last year. And any firm with connections to NVIDIA have also seen growth in their earnings and thus in their stock prices. NVIDIA’s price growth appears to have no end in sight. It is the darling of this year. But studying the chart, it may soon see a correction. This may signal another buying opportunity.
Our final featured chart is that of Ferrari NV (RACE). While theirs is not as steady as NVIDIA and Palo Alto Networks, they are in a strong growth trend. It’s been a bit choppy in the last six months, but it is still a good ride. Pun intended. There is no telling how long this trend will last. Car companies do not typically experience strong growth very long. But to this point Ferrari has been doing well.
If you are a value investor and you are looking for low priced stocks and hoping for huge turnarounds, perhaps this source isn’t for you. I look for strong charts that show companies already doing well and likely to continue to do so. You can chase your bad charts and hit a winner every now and then. But riding the leaders is often more likely to bring steady returns.