Baker Hughes Co. ranks among top 10 most profitable NASDAQ stocks with 23% profit margins.

Baker Hughes Co. (BKR) ranks among the top 10 most profitable NASDAQ stocks, reflecting strong profitability in the tech sector, which averages over 23% profit margins. Despite a 20% year-to-date gain in the S&P 500, concerns remain about market momentum without new catalysts. While the NASDAQ 100 has shown significant growth, it does not indicate speculative excess, suggesting potential for further growth amid ongoing economic challenges and innovation opportunities.

October 13, 2024
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