When stocks are climbing and bonds are lagging, it can be difficult to convince investors of the importance of diversification. With the S&P 500 up nearly 12% year-to-date in mid-May and the Dow Jones Industrial Average reaching 40,000, many investors experience “S&P 500 Envy,” comparing their returns to these impressive...
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...
Hold on to your hats. The Dow Jones Industrial Average briefly traded above 40,000 for the first time ever on Thursday but ended the day shy of a milestone that investors said could further boost bullish spirits on Wall Street. “Breaking the 40,000 barrier is a big psychological boost for...
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)...
