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4 US Growth Stocks Hitting Their 52-Week Highs: Can Their Run Continue?
By The Smart Investor  •  January 25, 2024
The US market put up an amazing performance in 2023. The bellwether S&P 500 Index gained 24% last year as concerns eased over rising inflation while the technology-heavy NASDAQ Composite Index surged 43.4% for its best year since 2020. 2024 saw this momentum continue as the Dow Jones Industrial Average touched the 38,000 mark for the first time while the S&P 500 Index has continued to make new records. A raft of growth stocks has benefitted from these moves and saw their share prices hit either a 52-week high of all-time high. We highlight four of these stocks and review their business performance to determine if they can continue to head higher this year. Meta Platforms (NASDAQ: META) Meta Platforms is a social media company that owns the chat program WhatsApp, the social media site Facebook, and the video and picture-sharing app Instagram. Meta’s share price recently touched a new all-time high of US$390.35 and has surged by 169% in the past year....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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