Following Donald Trump’s victory in the 47th Presidential election, several large-cap stocks experienced significant gains, driven by a range of factors including strong earnings reports, positive analyst sentiment, and investor anticipation surrounding Trump’s policies. This article highlights the top ten performers, analyzing their individual drivers for growth.
Cathie Wood’s Ark Invest has sold off a significant number of Moderna shares, prompting speculation about the firm’s outlook on the biotech company. This move comes after Moderna unveiled a revised financial plan and updated its mRNA-based pipeline, resulting in mixed reactions from analysts.
Shares of NexGen Energy (NXE) have shown recent gains, and analysts are optimistic about its future performance. While the average price target indicates a potential upside of 65.3%, it’s important to consider that analysts’ price targets can be misleading. However, the strong agreement among analysts regarding earnings revisions, coupled with NexGen’s positive Zacks Rank, strengthens the case for potential upside in the near term.
