Can You Still Buy the Nasdaq's Best-Performing July Stocks?
Last month was a good one for the Nasdaq Composite (NASDAQINDEX: ^IXIC) but a great one for a handful of Nasdaq-listed stocks. Whereas the index advanced 4.1% in July, Rivian Automotive (NASDAQ: RIVN), (NASDAQ: ROKU), and Symbotic (NASDAQ: SYM) rallied 66%, 50.5%, and 48.4%, respectively.
Circumstances and news helped. All three stocks had suffered significant setbacks in June, leaving them ripe for a rally the following month. And while investors responded bullishly to last quarter's numbers from Roku and Symbotic, they simply fell back in love with Rivian's electric vehicle (EV) prospects.
The question is, are any of these stocks still worth buying after last month's big gains? Or, maybe the more relevant question to ask is whether or not any of these stocks are currently worth buying at any price? Sharp pullbacks from all three tickers in the meantime suggest no...at least not right now.
Source Fool.com
Roku Stock
Our community is currently high on Roku with 27 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 64.57% compared to the current price of 56.51 € for Roku.
