Posted 3/2/2024, 10:06:00 AM
Tech and Finance Giants Power Markets to New Highs
- The Nasdaq has entered a new bull market, surging over 50% in 2023 so far and reaching a new all-time high
- Payment processor Mastercard is poised for double-digit earnings growth thanks to its dominant market position and economic cyclicality
- Adtech company PubMatic benefits from the digitization of ads and is expanding margins by building its own infrastructure
- Biotech Exelixis has growth potential from expanding uses of its cancer drug Cabometyx and a large cash pile to fuel innovation
- E-commerce giant Amazon is historically inexpensive relative to cash flow, while its high-margin businesses like AWS power growth