Welcome to Extreme Investor Network, where we bring you the latest trends and insights in the world of investing. Today, we’re going to take a look at some of the top-performing stocks in August and what analysts have to say about them.
As the market recovered from a global sell-off, a handful of stocks stood out with impressive gains. The S & P 500 has rebounded by 1.2%, erasing most of its losses from the tumultuous August start. The Nasdaq saw a slight decline of 0.5%, while the Dow Jones Industrial Average ticked up by 1.2%. Among the top performers are Clorox and CrowdStrike.
Clorox, the consumer cleaning product company, saw its shares surge by more than 18% in 2024 and nearly 10% in August alone. Despite analysts predicting a slight cooling off of the stock, Clorox’s strong performance was fueled by better-than-expected fourth-quarter earnings and an increased full-year earnings outlook. With a YTD mountain of Clorox stock on the rise, investors are keeping a close eye on this household brand.
Cloud security firm CrowdStrike also had a standout month, with shares surging over 16%. Despite a setback in July that led to one of the largest IT blackouts in recent memory, analysts remain bullish on CrowdStrike’s future. Many believe the sell-off in July was overdone and see nearly 28% upside potential for the stock. With a YTD mountain of CrowdStrike stock showing resilience, investors are confident in the company’s ability to rebound in the IT sector.
Other notable performers in August include coffee giant Starbucks and pharmaceutical company Eli Lilly. As we wrap up the month, it’s essential to stay informed on these top-performing stocks and keep an eye on analyst recommendations for valuable insights into your investment decisions.
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