For Immediate Release
Chicago, IL - August 17, 2017 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Apple (NASDAQ: AAPL - Free Report ), Salesforce (NYSE: CRM - Free Report ), Adobe Systems (NASDAQ: ADBE - Free Report ), AppFolio (NASDAQ: APPF - Free Report ) and Take-Two Interactive (NASDAQ: TTWO - Free Report )
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Here are highlights from Wednesday's Analyst Blog:
5 Tech Stocks That Just Hit All-Time Highs
As the major indexes continue to flirt with all-time highs nearly every day, it should come as no surprise that many individual stocks are touching new heights on a regular basis-and targeting stocks that are breaking into new highs will always be a popular technique for momentum-focused investors.
Despite some recent volatility caused by anxiety-inducing geopolitical drama related to North Korea, the bull market is raging on, and according to Barcharts.com , at least 68 stocks touched a new all-time high on Wednesday alone.
And of course, we all know that the technology sector has been one of Wall Street's driving forces this year. In fact, as the Zacks Sector Rank data shows, our "Computer and Technology" group has gained nearly 19% year-to-date, significantly outpacing the 11.3% growth of the S&P 500.
Indeed, the list of today's new all-time highs includes some of the tech world's biggest names. For example, even though it has moved into the red during late afternoon trading hours, consumer electronics behemoth Apple (NASDAQ: AAPL - Free Report ) hit a new peak today.
Apple shares briefly trudged about 0.6% higher to hit a new high of $162.51. As customers eagerly await more details on the company's upcoming 10 th anniversary edition iPhone, investors are continuing to fuel the stock's post-earnings surge. Currently, AAPL is a Zacks Rank #3 (Hold), but the stock does have an "A" grade for Momentum in our Style Scores system.
Another familiar tech stock hitting new highs today is Salesforce (NYSE: CRM - Free Report ). This cloud computing giant looks poised to end the day more than 1.5% higher, and earlier this afternoon, the stock touched a new all-time high of $92.40 per share. Salesforce is also a Zacks Rank #3 (Hold), but it has been able to earn an "A" grade for Growth.
And Salesforce isn't the only player in the cloud computing space that is moving to new heights today. Adobe Systems (NASDAQ: ADBE - Free Report ), a maker of cloud-based graphic design and imaging software, moved more than 1% higher to touch a new all-time high of $151.99 per share.
ADBE has slumped back down a bit, but the stock will close in the green, and with its Zacks Rank #2 (Buy), it could be poised to break even higher soon (also read: 3 Cloud Stocks to Buy Right Now ).
Investors interested in the cloud space might also notice that AppFolio (NASDAQ: APPF - Free Report ) is also on the new highs list. AppFolio, which offers cloud-based software solutions for property management and legal industries, debuted about two years ago and has been steadily climbing since then.
Today, AppFolio climbed nearly 2.5% to touch a new high of $39.32 per share. As of right now, the stock is sporting a Zacks Rank #1 (Strong Buy), as well as "A" grades in our Growth and Momentum categories.
Finally, to give the video game space some love, investors should note that game developer Take-Two Interactive (NASDAQ: TTWO - Free Report ) hit a new high today. In early afternoon trading, Take-Two surged more than 1.9% and touched a high of $92.46 per share. TTWO is currently a Zacks Rank #3 (Hold).
These five stocks are just a few of the many companies reaching new all-time highs today. For the complete list, make sure to check out Barcharts, and for analysis on whether these stocks will move higher, stay right here at Zacks!
Want more stock market analysis from this author? Make sure to follow @ Ryan_McQueeney on Twitter!
The Hottest Tech Mega-Trend of All
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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