NEW YORK – The stock market is firing on all cylinders, with the S&P 500 and Nasdaq charging into record territory after a powerful rally last week. Despite a backdrop of political headlines and looming tariff deadlines, the market’s underlying strength is creating clear opportunities for savvy investors.
While momentary jitters caused futures to dip slightly, the bigger picture remains incredibly bullish. The market has demonstrated remarkable resilience, shrugging off uncertainty and rewarding strong companies. Even the long-underperforming small-cap Russell 2000 showed renewed life, signaling broad participation in this rally.
As the market carves out new highs, several leading growth stocks are setting up in prime buy areas, poised to lead the next leg up. Here are four top-tier names to watch now:
Stocks in the Spotlight: Ready for a Breakout
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Cadence Design Systems (CDNS): Surging on strength in the AI chip sector, this design software leader just cleared a key 326.19 buy point. The recent lifting of some export restrictions has provided a major catalyst, positioning Cadence for continued leadership.
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Nextracker (NXT): A dominant force in solar technology, Nextracker vaulted past a 63.19 buy point with authority. The company is successfully navigating changes to solar incentives and demonstrating the kind of resilience that top growth stocks are known for.
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ServiceNow (NOW): This cloud software giant is knocking on the door of a major breakout. Shares are just topping a 1,046 cup-with-handle buy point, a classic pattern that often precedes a significant run-up. As a key holding in the record-setting tech software ETF (IGV), ServiceNow is a proven winner.
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Shopify (SHOP): The e-commerce titan is solidly in a buy zone after carving out a 112.38 entry point. As it continues to empower businesses worldwide, Shopify remains a go-to name for growth-oriented investors looking for exposure to the digital economy.
Navigating the Noise
While the market forges ahead, investors are watching for clarity on U.S. trade policy and keeping an eye on company-specific headlines. For example, while EV giant Tesla (TSLA) faces headwinds from shifting tax credits and CEO Elon Musk’s new political venture, other market leaders like Uber (UBER) are hitting the accelerator, breaking out to new highs and showing where the real momentum lies.
Upcoming earnings from Delta Air Lines (DAL) and crucial sales data from AI chipmaker Taiwan Semiconductor (TSM) will provide further insight into the health of the economy and the tech sector.
What to Do Now
The market’s powerful trend is creating clear opportunities. The key is to focus on quality leaders that are setting up for their next big move. By building a watchlist with powerhouse stocks like Cadence, Nextracker, ServiceNow, and Shopify, investors can position themselves to ride the wave of this impressive and resilient market rally.
