3 Soaring Stocks I'd Buy Now With No Hesitation - The Globe and Mail

The Motley Fool's James Brumley identifies three high-performing stocks worth buying despite their recent rallies, focusing on companies positioned for continued growth.

While conventional wisdom suggests waiting for pullbacks before investing, some soaring stocks present compelling opportunities that outweigh timing concerns. This investment analysis examines three companies experiencing significant momentum: ride-sharing platform Lyft, cruise operator Carnival, and semiconductor manufacturer Taiwan Semiconductor Manufacturing (TSMC). Each represents a different investment thesis but shares strong fundamentals and growth potential that justify current valuations.

• Lyft's profitability surge: The ride-sharing company posted 26% EBITDA growth and expects earnings per share to jump from $0.06 to $0.28, with further doubling predicted next year
• Carnival's debt management success: Despite $26 billion in obligations, the cruise line achieved record Q2 revenue of $6.3 billion and $470 million net income while customer deposits hit $8.5 billion
• TSMC's AI infrastructure opportunity: The chip manufacturer benefits from the global semiconductor market's projected growth from $627 billion to over $1 trillion by 2030, with Nvidia's CEO calling it "one of the greatest companies in history"
• Strategic positioning matters: Each company leverages unique competitive advantages - Lyft's expanding partnerships, Carnival's premium brands, and TSMC's manufacturing expertise