WHY 2 OF MY STOCK PICKS SOARED MORE THAN 11%+ IN ONE DAY
Stocks have been a little more of a rollercoaster ride this year. In February, the major indexes tanked more than 10%. Now, in September, stocks are achieving all-time highs. Let these two extremes remind you that it is impossible to time the market, and although people try no one can tell you for certain exactly when the market is going to make a major move in any direction. That is why it is important to invest consistently, no matter what. That is the path to financial freedom.
As an investment advisor, I do enjoy seeing my clients reap their benefits of this bull market. Last week clients that are investing in my Global Growth Fund saw their accounts bump up more than 3%. 3% isn’t exactly jaw-dropping growth, but when you think compounding 3% per week, your money could potentially double in as little as six months.
Below I break down two stocks that were a major reason for this growth.
Veeva Systems Inc. (VEEV) is a cloud computing company focused on creating applications for the life science and pharmaceutical industry. The company’s stock was up 12.42% on Friday. Fundamentally, Veeva’s earnings are up more than 100% this year. Operating cash flow s up 62% this year. The company has continued to reduce cost and boost profitability which is why their gross margin is almost 70%. And they achieve these amazing results with zero debt.
The technical reason Veeva has jumped recently is that the company is continuing its recovery from bouncing off of a double-bottom pattern.
Arista Networks (ANET) offers cloud networking solutions for large data center storage and computing environments. On Friday, their stock was up 11.35%. Arista’s award-winning solutions have produced more than stellar business results. Sales are up 46% in the past year. Profits are up over 140% in the last twelve months. Analysts still project sales to grow more than 22% in the next year.
The technical catalyst behind this surge in stock price is the fact Arista will be added to the Dow and S&P 500 indices. This is due to the company’s ability to continue to increase their earnings. Being added to the major indices will increase demand for the stock.
You can start making money in the stock market with as little as $5
If you’re ready to start making money by investing I can help. You can download my free guide $5, 5 Minute Investing Plan. It gives you the tools and instructions you need to start investing with as little as $5. And it will only take you 5 minutes to set the account up. CLICK HERE to download it today.
If this information blessed you, I asked that you please share by clicking one of the buttons below. Together we can be a blessing to someone else.