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The next SMCI? This stock is up 45% in the first 7 trading sessions of the month

Published 05/10/2024, 08:03 AM
© Reuters.

Investing.com — Wayfair (NYSE:W) stock has been on a relentless rally this month. Shares of the Boston-based company jumped 16% after it beat analysts' estimates for earnings and sales on May 2 and hasn't stopped rallying since.

Considering yesterday's closing price, the furniture and home goods merchant is now up 45% in the month and could continue to rally as more investors pile up in the stock. As of this writing, it is up another 1% in premarket trading.

But how could you have spotted it before it rallied?

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  • Perficient (NASDAQ:PRFT): +56% this month.
  • Applovin Corp (NASDAQ:APP): +20% this month.
  • Ringcentral (NYSE:RNG): +19.7% this month.
  • Louisiana-Pacific Corporation (NYSE:LPX): +18.9% this month.

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  • Beat the S&P 500: +30.70%
  • Dominate the Dow: +12.53%
  • Tech Titans: +61.31%
  • Top Value Stocks: +34.67%
  • Mid-cap Movers: +22.80%

That's against the following gain from the benchmark indexes during the same period:

This is not a backtest; this is real-world performance, unfolded in real time to our users. In fact, our backtest suggests that going for the long run will give you even heftier gains. See in the chart below:

Do not miss out on the next winner; subscribe now for less than $9 a month, and never miss another bull market again by not knowing which stocks to buy!Tech Titans Vs. Benchmark

Source: ProPicks

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