From Nasdaq: 2024-03-27 13:00:00

Wall Street analysts have shifted their focus from the “Fantastic Four” to the new “Electric Eleven” in the tech sector. This group includes companies like Airbnb, Amazon, Netflix, and Uber, expected to see double-digit revenue growth and margin expansion in 2024. These companies are poised for growth due to factors like generative AI and strong demand trends across various verticals, reflecting in the ETF market as well with funds like MicroSectors FANG+ ETN and First Trust Dow Jones Internet Index Fund. Analysts predict some companies like Shopify and Uber could see exponential earnings growth in the current quarter.



Read more at Nasdaq: Will 2024 Be a Year of ‘Electric Eleven’? Tech ETFs to Gain