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At 5,703, the S&P 500 is now over 300 points above above the highest 2024 year-end price target from Wall Street strategists and 17% above the average target (4,861).
And there's still 3 months to go in the year. $SPX Source: Charlie Bilello
How are the 'Magnificent 7' Tech stocks doing so far this year?
🟢 Nvidia Is Up +134.2% $NVDA 🟢 Meta Is Up +58.6% $META 🟢 Amazon Is Up +26.1% $AMZN 🟢 Apple Is Up +18.5% $AAPL 🟢 Alphabet Is Up +16.8% $GOOGL 🟢 Microsoft Is Up +15.7% $MSFT 🔴 Tesla Is Down -4.1% $TSLA Note that S&P 500 and Nasdaq are both up +19.6% YTD
The number of sp500 stocks outperforming the index is the highest since 2002.
Source: Barchart, BMO
Small Cap Stocks $IWM have now traded green for 7 consecutive days, their longest winning streak since November 2022
Souce: Barchart
Jim Cramer is simply the best...
a pristine track-record...
2 years ago, Intel had a bigger data center business than Nvidia.
$NVDA $INTC Source: FinChat @finchat_io
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