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Five Stocks See Over 200% Gains, Summit Therapeutics Leads with 628% Increase

Five Stocks See Over 200% Gains, Summit Therapeutics Leads with 628% Increase

CointimeCointime2024/11/04 14:33
By:Cointime

Five stocks, including Summit Therapeutics and Carvana Co., have experienced gains of over 200% this year, indicating their success in the market. Summit Therapeutics' ivonescrimab, a new cancer drug, has helped the company increase its value sevenfold, while Carvana's innovative approach to selling used cars online has attracted the attention of retail investors. These top-performing stocks offer potential for investors looking to capitalize on momentum. AppLovin, a software provider for mobile app developers, has seen a slight slowdown in growth, but analysts expect an increase in profits in the coming years. MicroStrategy, a software maker, is primarily used as a play on Bitcoin, with the company holding a significant amount of Bitcoin in its portfolio. Vistra Corp., a power generation company, has seen a rise in demand due to the increased need for electricity from artificial intelligence data centers. The author of the article admits to being too skeptical of big gainers in the past, with their recommended stocks gaining an average of 16.9% in 12 months, while the big winners they advised to avoid returned an average of 40.5%. They also disclose having a short position in MicroStrategy in a hedge fund they manage.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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