You’ll always find many of the most rapidly rising stocks on the market represent exciting, rapidly growing high-tech companies. When a company creates a significant technology breakthrough, particularly when it is a disruptive technology, its value can rise arbitrarily quickly and to heights unlimited. Such rises are based on the assumption that the company will win out against competitors (and competitive technologies) to become one of those seemingly eternal technology giants that are laying the groundwork for the utopia (or dystopia) to come.
Ah, but what about the others? What makes a company grow at an explosive while using technology available to everyone, or barely using technology at all that didn’t already exist decades ago? Whether it be visionary management, creativity, organization, of financial acumen, the company’s strength, if not based on technology, has the profound advantage of not being vulnerable to technology. The companies on today’s list are doing well, and they stand to do even better over the rest of 2018. What’s more, they won’t lose their value if Facebook (FB), Alphabet (GOOGL), some upstart company in China, or a recently formed consortium of independent runaway AIs announces that it has made a breakthrough that will make microprocessors, the Internet, or human beings obsolete forever.
Remember to treat these ideas as just that, ideas, and do your own research before making any investment decision.