Tagged: stock 2024

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Surprising Findings: The U.S. Stock Market’s Unparalleled Diversity

Despite the prevalent discourse surrounding the dominance of a handful of companies such as the Magnificent Seven in propelling stock-market performance, the truth reveals a different narrative: the U.S. market stands as one of the least concentrated globally. This insight stems from the latest research findings presented in the global...

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Fed Minutes Anticipation: Treasury Yields Maintain Stability

There was little change in bond yields on Wednesday morning as traders waited for the Federal Reserve’s January meeting minutes to be released. What’s happening What’s driving markets Investors were hesitant to make risky investments until the minutes from the Federal Reserve’s policy meeting on January 31st at 2 p.m....

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Wall Street’s Dangerous Dance: Expert Strategist Cautions Against Stock Meltup

Important Details for the U.S. Trading Day The mood in the U.S. trading session post-holiday appears uneasy, notably with major technology stocks like Nvidia experiencing a decline before the market opens, a day prior to highly anticipated earnings releases. Market observers, including Joe Adinolfi from MarketWatch, suggest that Nvidia’s earnings...

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Goldman Sachs Raises S&P 500 Target to 5,200: Big Tech Takes the Lead

Goldman Sachs has raised its year-end S&P 500 target to 5,200 ahead of Nvidia Corp.’s pivotal earnings this week. The forecast largely relies on the sustained profitability of Big Tech. According to David Kostin, chief U.S. equity strategist at Goldman Sachs, the upgraded 2024 EPS forecast of $241 (8% growth)...

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Inflation Impact: How the Stock Market Rebounded and What Investors Should Consider

The strategist emphasizes that whether the economy avoids recession holds greater importance than the number of rate cuts. Recent market fluctuations, characterized by sharp declines followed by rapid rebounds, prompt analysis into the underlying drivers of the ongoing bull market, which has propelled the S&P 500 and Dow industrials to...