Wall Street’s top strategists have been caught off guard by the stock market’s record-setting rally, leading many to quickly revise their year-end S&P 500 targets. In 2024, at least 11 firms have raised their forecasts, with BMO Capital Markets and Deutsche Bank recently increasing their targets to 5,600 and 5,500,...
Last week, the Dow Jones Industrial Average surpassing 40,000 marked a significant milestone for investors. However, top Wall Street forecaster Ed Yardeni envisions even larger gains ahead, driven by strong earnings. Ed Yardeni, chief investment strategist at Yardeni Research, informed clients that the DJIA could surge by 50% to reach...
When stocks are booming and bonds are lagging, as they are now, it can be tough to convince investors that diversification is still essential. With the S&P 500 up nearly 12% year-to-date in mid-May and the Dow Jones Industrial Average hitting 40,000, many investors experience “S&P 500 Envy” if their...
Data on U.S. consumer prices, the most anticipated report of the month, was released early, yet it appears the market didn’t notice. The Bureau of Labor Statistics (BLS) reported that a subset of the files was accidentally posted on its website about 30 minutes before the scheduled release time, around...
The stock market has rebounded in May, nearing record territory after April’s pullback. The upcoming April inflation data, due Wednesday, is seen as a potential catalyst for either new highs or another decline. Tom Essaye, founder of Sevens Report Research, analyzed the potential “good, bad, and ugly” outcomes for the...
GameStop shares soared 74% on Monday after a social media post by Roaring Kitty. GameStop shares continued their rally in premarket trading on Tuesday, extending gains after the investor famously associated with the company’s 2021 surge posted on social media for the first time in three years. GameStop shares (GME)...
