From Nasdaq
August 1, 2024 10:00 AM:

Certain stocks are surging as we enter August, fueled by strong earnings and positive sentiment, trading at or near 52-week highs. Look beyond the usual suspects to find outperforming stocks amid market volatility and tech stock rotation. Discover top picks like Lennar, Howmet Aerospace, and MicroStrategy.

Lennar’s stock has risen 24% in the past month, beating Wall Street forecasts with fiscal Q2 EPS of $3.45 and $8.80 billion in revenue. The company delivered 19,690 homes and reported 21,293 new orders, thriving as interest rates challenge the U.S. housing market. Lower rates could further boost Lennar’s performance.

Howmet Aerospace, a top industrial stock, soared 21% in the past month after beating Q2 Wall Street forecasts with EPS of 67 cents and $1.90 billion in revenue. The company raised its forward guidance to EPS of $2.55 and sales of $7.40 billion, attracting investors shifting away from tech securities for stability.

MicroStrategy’s stock has surged 17% in the last month, outperforming the Nasdaq Composite index as Bitcoin’s price falls. The company is splitting its stock on a 10-for-1 basis, becoming the largest corporate Bitcoin holder worldwide. With a 266% rise over the last 12 months, MSTR’s split-adjusted shares will trade from August 8.

Read more at Nasdaq: What Are the Hottest Stocks Right Now? 3 Top Picks.