While thumbing through charts, I was stopped in my tracks by Cadence Design Systems (CDNS) which is at lifetime highs. Not only that, but this thing hasn’t even stopped to catch its breath.
Here’s a closer look. It isn’t because the stock is cheap – – the p/e is nearly 70 – – and it isn’t because everyone on the planet is suddenly interested in buying computer-aided design systems. I don’t know WHY this stock is so powerful, but Holy Lord, they must be doing something right.
Incidentally, here’s their HOME PAGE…………so there ya go, right at top, front and center.