From The Smart Investor: 2024-05-14 19:30:00

Investors can identify promising growth stocks by looking at companies that have recently hit new all-time highs. Applied Materials, a semiconductor manufacturer, saw its shares surge 73.2% in the past year, hitting a record US$214.91. Walmart’s omni-channel retail business reached a new high of US$61.66, with total revenue climbing 6% to US$648.1 billion.

Boston Scientific, specializing in medical technology, saw its share price rise 37.3% in the past year to an all-time high of US$74.39. RTX Corp, a defense and aviation company, reported a 12.1% rise in revenue to US$19.3 billion, with net profit increasing nearly 20% to US$1.7 billion. Management reaffirmed sales outlook for 2024 between US$78 billion to US$79 billion.

Overall, these companies have shown strong performance and growth potential, with promising developments in their respective industries. Stay updated on the latest investing news and analyses for more insights into these companies and their future prospects.



Read more at The Smart Investor: 4 US Growth Stocks Punching Through Their All-Time Highs: Can Their Run Continue?