From Nasdaq: 2024-04-10 07:52:00

The Nasdaq Composite Index has shown a strong rally, driven by growth stocks and technology stocks, with a 10.4% rally year to date. The tech rally is heavily influenced by artificial intelligence, particularly generative AI, due to increased adoption during lockdowns.

Even though Nasdaq is tech-heavy, it includes non-technology stocks too. Some non-tech stocks on the index have provided over 25% returns year to date and are expected to grow further. These stocks have seen positive earnings estimate revisions in the last 60 days and carry a Zacks Rank #2 (Buy).

Coinbase Global Inc. (COIN) offers financial infrastructure and technology for the crypto economy with expected revenue growth of 45.3% and more than 100% earnings growth this year. Robinhood Markets Inc. (HOOD) operates a financial services platform, expecting 12.7% revenue growth and over 100% earnings growth this year.

Interactive Brokers Group Inc. (IBKR) is a global automated electronic broker with expected revenue growth of 4.9% and 7.1% earnings growth this year. Celsius Holdings Inc. (CELH) specializes in healthier, nutritional products with expected revenue and earnings growth rates of 41.6% each this year. Shockwave Medical Inc. (SWAV) saw significant revenue growth in 2023 and expects 26.2% revenue and 27% earnings growth this year.

Read more at Nasdaq: Top 5 Non-Tech Nasdaq Winners of Q1 With More Upside Left