Dominic chu is standing by at the new york stock exchange. Whats the word on the floor . The word on the floor, first of all, the s p 500 closed at a record high just about one out of every five trading days so far this year. Cnbc data crunchers look at the s p and said, hey, 17 of the times or 27 times this year, weve closed at a record high for the s p 500. So not too shabby. The odds are good. Now, if you take a look at the overall picture for where the markets are headed, weve seen a nice move higher, despite fed concerns out there. Look at the sectors leading the way, financials and technology. The biggest sectors in the s p 500, that gives the bulls some bullishness or bullish feel about the whole thing. Take a look at some of the stocks that are moving. Big names like hormel on earnings. Look at other ones, because ebay and hp doing well on their particular moves and staples on the downside on their earnings results. Overall, a nice move higher despite the fact we have a lingeri
As per Sebi norms, mid cap schemes are mandated to invest in companies that are between 101 and 250 in the market capitalisation. These companies can be leaders of tomorrow. Thats what makes them great bets. If these companies live up to the promise, the market will reward the investors handsomely.
Mutual fund investors are worried about the valuations in the mid cap segment. Mid cap stocks have witnessed a robust rally in the last few months. Investors made handsome returns on their investments in mid cap funds.