There may often be good reasons why a stock has surged in price.
There could be a major turnaround for the business, or it could have reported a decent set of earnings amid tough economic conditions.
Yet, other times it could just be an indication of frothy sentiment with no fundamental justification whatsoever.
As often as investors like to search through the bargain bin for beaten-down stocks, there’s also a great reason to check out stocks that made significant upward moves.
Some of them could be a source of inspiration for rooting out strong businesses that have the wind on their backs.
Last week, many stocks enjoyed a breath of fresh air as US inflation came in lower than anticipated for October.
Here are four that surged 7% or more that you may wish to add to your buy watchlist.
iFAST Corporation Limited (SGX: AIY)
iFAST is a financial technology (fintech) company that...