Semiconductor giant KLA (KLAC) has achieved a new peak, earning a spot on the Stock Spotlight list this week, while Mirum Pharmaceuticals (MIRM) also reached a record high, subsequently joining the prestigious IBD 50 list. These companies are part of a larger group of 17 stocks making strides on various top stock watchlists.
Several other stocks marked significant milestones, including Advanced Energy Industries (AEIS), which made a notable appearance in the Stock Spotlight. Hinge Health (HNGE), known for its innovative software that streamlines care management for joints and muscles, has also gained recognition, landing on the IPO Leaders watchlist.
Meanwhile, GE Aerospace (GE) has maintained impressive momentum after spinning off its energy and healthcare divisions last year. Following a strong performance that saw its stock hit an all-time high on June 27, GE continues to trade close to those levels, earning its place in the Big Cap 20 list.
Keeping an updated watchlist is vital for success in the stock market. Daily updates, such as those provided by extensive screening lists, including the IBD 50, IBD Sector Leaders, IBD Big Cap 20, and IPO Leaders, serve as essential tools for investors seeking top-performing stocks. Regularly reviewing these lists allows investors to stay informed about emerging opportunities.
Growing Earnings at KLA
KLA is basking in the current tech sector boom, with the Milpitas, California-based company reporting a remarkable 60% increase in earnings last quarter, amounting to $8.41 per share. This impressive performance is complemented by a 30% rise in revenue, bringing it to $3.06 billion. KLA’s past three quarters also showcased significant earnings growth of 22%, 28%, and 33%, highlighting its robust momentum in the market.
It’s crucial for investors to perform their due diligence, ensuring they don’t purchase stocks solely based on their presence in any watchlist. Conducting thorough research and utilizing a comprehensive buying checklist can streamline the investment process. Moreover, following a straightforward three-step routine can help track market trends, identify stocks, and determine optimal entry and exit points.
Stock Lists Overview
IBD 50: A premier list showcasing 50 of the best growth stocks characterized by strong relative price strength and exceptional fundamentals. Regular checks on this list can help uncover new, innovative stocks that historically outperform broader market indices like the S&P 500.
Added to IBD 50:
- Agnico Eagle Mines (AEM)
- KLA (KLAC)
- Mirum Pharmaceuticals (MIRM)
Removed from IBD 50:
- Lemonade Inc (LMND)
- MercadoLibre (MELI)
- Micron Technology (MU)
IBD Sector Leaders: This stringent list identifies top growth stocks across various sectors, emphasizing strong earnings and sales growth along with commendable price-performance metrics.
IBD Big Cap 20: Focused on large-cap growth stocks, this daily list highlights top-rated companies that have the potential for significant gains while minimizing volatility.
IPO Leaders: This list targets newly public companies that typically exhibit substantial growth potential, appealing to investors seeking early-stage opportunities.
With an impressive 99 Composite Rating, KLA not only stands out among its peers but also positions itself in the top 1% of all stocks, reflecting both its technical and fundamental strengths. Regularly tracking reports like the Stock Spotlight helps investors recognize emerging trends and capitalize on promising investment prospects.
