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2024's Potential Stock Surprises: Goldman Sachs Unveils S&P 500 Laggards For Major Gains
Wednesday, December 6, 2023 - 10:26am | 937Investors are always on the lookout for untapped opportunities, especially in stocks that have been heavily discounted and now present promising opportunities for those prepared to wager on a recovery. As the new year looms, a seasoned strategy, known as the “Laggards” trade, is...
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Investors Pour Billions To Aggressive Bond ETFs, Banking On Multiple Fed Rate Cuts in 2024
Tuesday, December 5, 2023 - 7:18pm | 642In recent weeks, several bond exchange-traded funds (ETFs) have experienced a significant surge in inflows, indicating a heightened interest among investors. This shift coincided with a market that significantly upped bets on Federal Reserve rate cuts for 2024, backed by a robust and ongoing...
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Will November's 'Turkey Rally' Set Stage For December's 'Santa Claus Rally' For Stocks?
Saturday, December 2, 2023 - 10:13am | 583November's 8.9% surge in the S&P 500 Index snapped a three-month losing streak and may lead to a subdued December. November witnessed a remarkable rally in the stock markets, with the S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), surging 8.9%. This impressive gain...
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Chilling 2024 S&P 500 Outlook: Why JPMorgan Projects Nightmare Scenario For Stocks
Thursday, November 30, 2023 - 1:44pm | 1101JPMorgan painted a rather pessimistic picture for the U.S. stock market in 2024, boldly positioning itself as the most bearish investment bank on Wall Street. The biggest U.S. bank is forecasting the S&P 500 to drop to 4,200 points next year, implying an 8% fall from current levels, in what can...
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Big-Tech Rally Continues: S&P 500 Could Return 11% In 2024
Wednesday, November 29, 2023 - 2:19pm | 576Given the fair winds of lower interest rates and a soft landing for the economy next year, the S&P 500 index could return 11% in 2024, analysts predict. That’s not a bad shout, given that the historical average annual return for the index is around that mark. In 2023 so far, the S&P...
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S&P 500 At 5,000 In 2024? Bank of America's Optimistic Forecast Diversifies Beyond Magnificent 7
Tuesday, November 28, 2023 - 9:14am | 790Bank of America has set an optimistic target for the S&P 500, forecasting a milestone of 5,000 points by the end of 2024. This projection signals a robust 10% leap from the index’s current standings, as noted by equity analyst Savita Subramanian in a recent market outlook report. In a...
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Oil Market Reset: Crude Now In 'Contango,' All Eyes Shift To OPEC, Analysts Flag 2024 Rally
Friday, November 17, 2023 - 12:59pm | 598As OPEC gears up for a meeting in Vienna on Nov. 26, oil prices are on track for their fourth consecutive weekly loss. Prices are hovering at levels last seen in mid-July as the market grapples with slowing demand and easing supply concerns. Commodity analysts have identified a shift in the oil...
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Goldman Sachs' 2024 Equity Outlook: Winning Stocks And Sectors To Watch
Thursday, November 16, 2023 - 4:51pm | 954Goldman Sachs projected a bullish scenario for stocks in 2024, with the S&P 500 expected to hit 4,700, signifying a 12-month price gain of 5% and a total return of 6%, inclusive of dividends. Analysts David J. Kostin, Ben Snider and Ryan Hammond expect the U.S. economy to continue its modest...