As the market continues to rise, it is important to keep an eye on key companies that are making waves. Nvidia, for example, has seen an impressive 179% increase over the last year and a 159% surge in 2024. Despite being 8.8% from the June 20 high, analysts remain bullish with 92% rating it a buy or overweight. With an average price target of $142.63, Nvidia’s performance is definitely something to keep an eye on.
Another company to watch is CrowdStrike, which has experienced significant ups and downs recently. Down 21.5% since a recent decline, the stock is up 4.4% in the past month. Meanwhile, Foot Locker is set to report quarterly numbers soon, being 8% from the February high and up nearly 49% in the past three months. On the other hand, Nike is down 7% in the same time period, showing mixed results in the retail sector.
With CEO Mike Henry’s comments on the Chinese property market, investors are watching closely. The iShares MSCI China ETF and the iShares China Large-Cap ETF are both experiencing fluctuations, with the former being 12% from the May high and flat in August, while the latter is 10% below the May 52-week high. The KraneShares CSI China Internet ETF is also down 3.2% in two days and down 3.6% in August, showing volatility in the Chinese market.
This Wednesday marks 100 days since Rob Lynch took over as CEO of a leading company. With positive results, Shake Shack is up 10% in three months and is only 3.5% off from the May high. As new leadership continues to make an impact, it is important to stay informed on the latest developments in the corporate world.
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