This Growth Stock Just Hit a New 52-Week High and Still Has Room to Grow
The economy has all the earmarks of heading toward recession, and the stock market indices that had been going up in recent days are turning down once more. Both the S&P 500 and Nasdaq Composite indexes sit firmly in bear market territory, down 20% or more, but many individual stocks have fallen even harder, having lost half or more of their value.
Many, but not all. In fact, some stocks are soaring, seemingly finding the secret elixir to hitting new 52-week highs. Those winners are few and far between, and while some will likely crash and burn once again, others will continue running higher. Discount cosmetics stock e.l.f. Beauty (NYSE: ELF) is landing firmly in the latter camp, so let's see why this stock is not one that's just putting lipstick on a pig.
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Source Fool.com
