Meta Platforms (NASDAQ: META)
Meta Platforms is one such company, with its share price soaring by 47% year-to-date (YTD). The social media behemoth, which owns Facebook, Instagram and WhatsApp, posted a strong set of earnings for its first quarter of 2024 (1Q 2024). Revenue jumped 27% year on year to US$36.4 billion while operating profit surged by 91% year on year to US$13.8 million as costs and expenses increased by just 6% year on year....The US market has been on a tear this year.
The S&P 500 Index and NASDAQ Composite Index have both hit all-time highs as technology stocks rallied.
As of 3 July, the bellwether S&P 500 Index is up 16.8% while the technology stock-heavy index NASDAQ Composite Index is up more than 23%.
Even with this impressive performance, there are pockets of stocks that have outperformed the index.
Here are four growth stocks that did better than both indices and look well-positioned to continue outperforming the market.
