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4 US Growth Stocks Breaking Their 52-Week Highs: Should You Add Them to Your Portfolio?
By The Smart Investor  •  August 23, 2024
Both the S&P 500 Index and NASDAQ Composite Index have recovered most of the losses suffered during the early August sell-off. Stocks have been on a tear since the US posted its lowest year-on-year inflation reading since early 2021. Because of this exuberance, many stocks have hit their 52-week highs as investors feel more optimistic about potential interest rate cuts. We feature four attractive US growth stocks that pushed past their year-highs and assess if they should feature on your buy watchlist. Northrop Grumman (NYSE: NOC) Northrop Grumman is a global aerospace and defence technology company. The company’s operations span air, cyber, land, sea, space, and advanced weapons and it has four key divisions Aeronautics Systems, Defence Systems, Mission Systems, and Space Systems. Shares of the aerospace company recently touched their 52-week high of US$508 and are up 8.1% year-to-date. Northrop reported a robust set of earnings for the first half of 2024 (1H 2024)....
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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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