Progressive as a Top S&P 500 Stock
Progressive, a home-and-auto insurer, has managed to surpass the stock market consistently while maintaining minimal volatility within the S&P 500. Stable Growth and Low Volatility According to Josh Shanker, a…
Gains in Tech Stocks Fuel S&P 500 Record Highs
The remarkable performance of the Magnificent 7 tech stocks has played a significant role in driving the S&P 500 to reach record highs this year. However, this success also presents…
The State of the Russell 2000
The small-cap Russell 2000 index has remained unchanged since January 2021. However, it has underperformed the S&P 500 index since its peak in 2013, with a brief period of outperformance…
Goldman Sachs Raises S&P 500 Forecast Amid Stock Market Surge
Goldman Sachs strategists have revised their forecast for the S&P 500 upward, projecting it to reach 5100, up from the previous estimate of 4700. This adjustment comes in light of…
Earnings Season: Shift in Focus from Banks to Tech Giants
Introduction With the conclusion of Alcoa's (AA) earnings release, it's time for the spotlight to shift from banks to the tech giants as they gear up to announce their third-quarter…
The Changing Dynamics of the Stock Market
The stock market has experienced an impressive run this year, largely driven by the gains of major tech companies. However, July proved to be a turning point, with the Dow…
U.S. Stocks Reach New Highs as Inflation Data Softens
U.S. stocks reached fresh closing highs on Wednesday as the inflation data for June came in softer than expected. The Nasdaq 100 (NDX) recorded its highest close since January 14,…
Goldman Project Rate Hikes by Fed to Dampen Stocks, Cuts S&P to 4,900 by Year-End
(Markets Insider) Goldman Sachs strategists have trimmed the S&P 500 target to 4,900 by the end of the year, down from the previous forecast of 5,100. The downward revision follows…
JPMorgan Is Optimistic of Stock Rebound, Says the Current Dip Is in the Final Stages
(Markets Insider) JPMorgan strategist Marko Kolanovic expects stocks to rise soon, warning that the recent decline is entering the “final stages” of the market correction. Kolanovic says that fears over…
Invesco Predicts Limited S&P 500 Returns in the Next Decade
(Invesco) Investment giant Invesco says S&P 500 returns in the next ten years will be limited, pointing to the Shiller PE ratio reading above 38, which suggests that the market…
Millennials to Drive S&P 500 Returns of 313% by 2029, Fundstrat’s Tom Lee Says
(Markets Insider) Fundstrat’s Tom Lee is optimistic that as millennials enter the peak earning years and start families in this decade, they would propel the S&P 500 to a 313%…
S&P 500 Price the Omicron Variant With the Biggest Three-day Slump in 6 Months
(Bloomberg) Losses sustained in industry-wide rout led by commodity and financial markets are setting the US S&P 500 for the biggest three-day losses since May. The S&P 500 extended declines…