Nearly three months into 2024, it’s clear that the bullish trends are here to stay. Markets hit a bottom in late October, but since then the S&P 500 has gained 27% and now stands at more than 5,200. The NASDAQ index is up 30% from its own October 27 low point. These are bull-market numbers, and show little sign of stopping. Watching the market from Oppenheimer, chief investment strategist John Stoltzfus comments on the market outlook: “S&P 500 earnings results over the most recent two quarterly
Stock picking has long been thought of as an art, but the savvy investor knows that there is also plenty of science to it. And for those willing to embrace the science, TipRanks has the Smart Score, an AI-driven data sorting tool, based on sophisticated natural language algorithms. The tool gathers the reams of data thrown up by the stock markets – the transactions, the stock movements, the traders’ moves, all of it. The result is distilled down to a simple, easily readable score, a single numbe
We’re past midway through the first quarter of 2024, and the S&P 500 has been regularly notching new highs. Markets are finding support from several directions, including positive investor sentiment buoyed by the slowing rate of inflation and the prospect of interest rate cuts later this year. The overall upbeat outlook prevailing in the stock markets has the major investment banks feeling optimistic, too. Recently, Goldman Sachs’s Chief U.S. Equity Strategist, David Kostin, raised his year-end
More than three-quarters of millionaires did not inherit their wealth. Instead, 79% of millionaires in the U.S. today identify as self-made, according to the Ramsey Solutions National Study of.