2024-05-22 08:30:00 ET
Summary
- Rolls-Royce stock has easily outperformed the market, achieving a 1Y total return of more than 180%.
- CEO Tufan Erginbilgic has engineered a dramatic turnaround across its key business segments.
- Rolls-Royce has confidence in surpassing its FY2024 guidance.
- Rolls-Royce's optimism has been reflected in RYCEY's market outperformance.
- I explain why RYCEY looks ready to resume its uptrend continuation thesis and why its rally is far from being done. Read on.
Rolls-Royce Stock Outperformed Easily
Rolls-Royce Holdings' ( RYCEY ) ( RYCEF ) stock has outperformed the market significantly over the past year as RYCEY continued its recovery toward its pre-COVID highs. Instead of reversing, RYCEY's upward momentum has continued with little resistance, easily outperforming its peers, bolstered by its fundamentally strong business model....
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Rolls-Royce: Let Your Winners Continue Running