Shares in the American discount store chain Dollar General would seem to have little to recommend them. They nearly halved in value last year as tougher economic conditions weighed on the low-income shoppers it targets in rural US towns.
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Investors’ enthusiasm for weight loss drugs has turbocharged the share prices of Novo Nordisk and Eli Lilly, leaving many other big pharmaceutical companies looking like also-rans.
The expected boom in spending on artificial intelligence projects led to a surge in the share prices of many leading semiconductor and technology companies last year.
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