With regard to countries, Indonesian and Danish stocks made it to the top of the list, followed by those in Japan and Great Britain. My equal-weight South Korean stock universe fell all the way down to the very bottom of the global ranking, with – 15%. High performing sectors were Business Services, Healthcare, and Consumer Services. Among the winners of this period, no mega cap stocks are found. Picking from the list of the world’s top 25 performing stocks, these names stand out:
Moderna (USA, +198 %), ‘Hays’ +132% and ‘Michael Page’ +82% (both GB), CSL (Australia, +130%), Corcect Therapeutics (USA, +63%), Pharamaron Beijing (Hong Kong, +59%), Kinopolis (Belgium, + 57%), and Doc Morris (Switzerland, +55%).
What that list perhaps shows is that worries about calling the nearing peak price for highflying AI related stocks are largely voluntary. The stocks that surged so strongly recently, have nearly all been consolidating near long term lows, for quite some time.