![]() ![]() Micron Technology ( MU ): Micron could also race. Nvidia ( NVDA ): The tech stock could soar to higher highs on the AI boom. Wall Street bulls Goldman Sachs and Citigroup, meanwhile, have lowered their year-end price targets for the S&P 500 index.Īccording to Bank of America’s September Global Fund Manager Survey-which polled 222 respondents who collectively manage assets worth $616 billion-institutional investors are not quite “extremely bearish,” but they aren’t feeling bullish either. Here are three top momentum stocks to buy immediately and hold for 2024. The lowest target is 8.00 and the highest is 16. Here are stocks discussed by investment pros to ride changing investment trends. stock is 12.14, which predicts an increase of 52.13. Cramer: The market would be worth more if regulators were less hostile to takeovers. Some calculations suggest that the S&P 500 is headed below 3,000 points-which would be a decline of at least 30% from current levels. According to 10 stock analysts, the average 12-month stock price forecast for NIO Inc. Wilson isn’t a lone voice on Wall Street when it comes to taking a warier approach to stocks in recent months-despite the S&P 500 staging a strong recovery in 2023 from its worst year since the financial crisis.Įarlier this month, JPMorgan’s top strategist warned stocks could be about to nosedive 20%, saying he was “not sure how we’re going to avoid” a recession. In a bear case scenario, however, he forecasted that the blue-chip index could plummet as low as 3,700 by next June, meaning they would shed almost 15% from where they are now. Back in July, he said his base case for mid-2024 was now for the S&P 500 to drop to around 4,200 points-a drop of just 3% from current levels.
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