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Nasdaq Set for Its Worst Week in 3-months, See How Some Names Have Performed
Nasdaq Plunges 2.3% and Is on Pace for Its Worst Trading Day of 2024
CFRA: expects EPS growth of 8.1% for S&P 500 in Q2. Communications services, energy, and other industries are expected to achieve double-digit growth.
CFRA outlined which sectors of the S&P 500 are expected to achieve profit growth and which sectors are predicted to decline as Wall Street and investors prepare to evaluate second-quarter earnings. After rising 5.5% in Q1, the index's EPS is expected to rise by 8.1% in Q2. Eight of the 11 sectors are expected to have year-over-year profit growth. CFRA's Chief Investment Strategist, Sam Stovall, said the communication services, energy, healthcare, and information technology industries are expected to achieve double-digit growth, while the industrial, materials, and real estate sectors are expected to decline.
Nvidia Rebounds Over 6% After $550B Market Cap Loss
Nvidia Corporation (NASDAQ:NVDA) gained over 6% on Tuesday after losing a staggering $550 billion in market value since Thursday, June 20. The company had become the most valuable on the planet last w
Fidelity MSCI Information Technology Index ETF Declares Quarterly Distribution of $0.2320
BlackRock Sees No AI Bubble and Says AI Winners Will Drive Market Returns for a While
A “concentrated group of AI winners” should drive market returns over a short-term tactical horizon of six to 12 months, it said. BlackRock did not specify any stock names.
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