In Wednesday’s session, Nvidia Corp. could not counteract the negative stock-market sentiment stemming from the minutes of the May policy meeting of the Federal Reserve. Despite Nvidia’s strong performance in the quarter, the stock markets were unable to rebound on Thursday. Although Nvidia’s stocks soared to over $1,000, both the...
Nvidia’s exceptional first-quarter results have placed the chipmaker at the forefront of the AI revolution, with its market value set to rival the combined value of all German listed companies. According to FactSet, as of Wednesday, companies with primary listings in Germany have a total market value of €2.315 trillion...
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...
