Summary
Stocks sold off again during the early part of the session on Thursday, but again bounced during the day, finishing well off their lows. One of the major stories of recent days has been the absolute carnage among many of the very high relative performers from 2024 and early 2025, this as the momentum trade has come to a quick halt. When you play in the arena with the hottest stocks, gains can be huge in a quick period of time. But when things break, these stocks can go down very fast. AXON has plummeted 24% in the past two days, but the stock is still up an amazing 90% since its August 2024 low and 200% from its August 2023 low. PLTR is off 15% in two days, APP has dropped 12% in three days, RDDT is down 22% in eight sessions, CAVA has sunk 17% in 10 days, CDNS is off 10% in two days, ARM is down 13% in 10 days, DDOG has fallen 15% in five days, and TTD has crashed 38% in five days. On the flip side, MCHP has jumped 24% in only seven days, ADI has popped 20% in six sessions, TXN is up 14% over six days, and NXPI has jumped 17% in six days. It's clear, at least in the short-term, that money has
Upgrade to begin using premium research reports and get so much more.
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Upgrade
