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Markets stall at the start of Q2 - But this stock keeps rallying regardless

Published 09/04/2024, 12:24
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Investing.com — Markets are off to a slow start to Q2 as investors await the pivotal earnings season that will tell whether the massive YTD rally is sustainable from a financial perspective.

As a result, indexes have treaded water since the beginning of the month, with the S&P 500 down 1% and the NASDAQ Composite down 0.5%.

Against this backdrop, most investors would think that the time for hefty stock market gains may already be behind us.

However, they couldn't be more wrong.

In fact, despite the seemingly stable performance, several stocks have rallied since the start of April while several others have tanked, providing excellent opportunities to those trading both sides of the market.

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Picked by our AI on April 1, Applovin Corp (NASDAQ:APP) has rallied a solid 12.9% since, providing investors with hefty gains in an otherwise stable market.

Similarly, we told you to sell Humana (NYSE:HUM) stock at the beginning of the month, and it has tanked 9% since. Similarly, we told you to sell UnitedHealth Group (NYSE:UNH), and it has been down 7.7% since.

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