In this episode of the Zacks Market Edge podcast, the host explores the notable shift in the stock market from the pandemic's top performers to a fresh wave of high-flying stocks in 2024. They delve into various companies, comparing their current performance and future prospects with their success during the pandemic. While some former favorites like Lululemon and Shopify continue to report solid earnings, investor sentiment has changed, resulting in declining stock prices. On the other hand, companies such as Skechers, Chipotle, Booking Holdings, and JP Morgan Chase are hitting new highs, signaling a market transition toward different sectors and valuations. The podcast emphasizes the need to grasp this rotation and consider both the current "hot" stocks and undervalued past winners for potential investment opportunities.
