The indexes had a solid day of gains, with the S&P 500, Nasdaq, and Russell 2000 exchange-traded fund (IWM) hitting new all-time highs, but they still didn't reflect some of the amazing strength in individual stocks. I've been yammering for a while about the great stock picking, and this was just another fine example of how careful selection of small-cap stocks can pay off big.
Several names I've discussed lately, such as Xeris Pharmaceuticals (XERS) , Evogene Ltd.
(EVGN) , Electrameccanica Vehicles Corp (SOLO) , Trulieve Cannabis Corp
(TCNNF) , New Providence Acquisition Corp. (NPA) , Gan Ltd. (GAN) , Cresco Labs Inc. (CRLBF) , and XL Fleet Corp. (XL) blasted higher. Most of these stocks are not wildly extended, and they all have good stories and fundamentals.
Some pundits are calling this action excessive and unsustainable, but they have been saying that for a while and have been wrong. The easy thing to say is that it won't last, the hard thing to do is to keep pressing and trade the hell out of what is working.
It was an extremely busy day, and I'm out of breath.
Have a great evening. Rest up, enjoy a good dinner, and we'll try it again tomorrow.