The Stock Market broke a moderate but notable five-day losing streak on Monday. Major indexes finished in the green, and some of the most popular and most valuable stocks regained their momentum.
Here are five of the best performing growth stocks from yesterday and the year so far.
Apple Inc. Stock (NASDAQ: AAPL)
Apple made history last year when it exceeded $1 trillion in market capitalization. Volatility at the end of the year quickly eroded gains, but the company is working back towards its dominant market position. A potential streaming service launch later this year could help the company to regain market confidence.
The recovery for Apple has been steady this year. Stock price increased 3.46% on Monday, outperforming competitors. Apple price has gained 13.41% since the start of 2019.
3M Co. (NYSE: MMM)
3M offers a high dividend yield of 2.78%, making it a popular investment for anyone focused on income rather than returns from trading stocks. However, those that invest for the short or mid term can still find opportunity in 3M’s growing stock price.
On Monday, stock was up 3.09%. Stock has grown 8.69% for the year so far.
Visa Inc. Stock (NYSE: V)
Visa has embraced emerging digital payment services in recent years, leaving it as one of the most competitive companies in its industry. Revenue has steadily increased for the last five fiscal years, and a gross profit margin of 78.32% has left investors very impressed.
Visa price grew 2.25% on Monday, helping the company towards growth of 22.30% so far this year.
Microsoft Corp. (NASDAQ: MSFT)
When looking at the numbers, Microsoft is one of the best performing stocks of the last year. Losses from 2018’s volatility have been reversed, and the company is in the green for all major metrics. Impressive sales performance in cloud services and infrastructure should help secure the company’s growth in the mid-term future.
On Monday, Microsoft increased 2.10%, contributing to growth of 11.09% since the start of this year.
International Business Machines Corp. (NYSE: IBM)
IBM’s stock suffered a lot during the volatile fourth quarter of 2018. Strong gains this year are helping to claw back the value, and Monday’s performance will contribute to renewed investor confidence.
Stock has rallied 21.15% when looking at price change year to date. This far exceeds the average performance in its industry as well as on the NYSE composite. Stock was up 1.94% on Monday, giving investors confidence that there’s still room for more growth.
Asian markets also finished higher on Tuesday, offering some hope that this week’s positive momentum could continue in U.S. stocks.
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