From Morningstar: 2024-05-23 07:46:00

Nvidia is set to see gains after reporting a 262% jump in quarterly revenue and announcing a 10-for-1 stock split. Bel Air Investment Advisors chairman Todd Morgan advises retail investors to think long-term and stay the course, predicting the Dow could reach 80,000 by 2035 and 2.8 million in 64 years. Morgan suggests owning high-quality companies and overweighting tech stocks, with a focus on AI companies. Other top tickers include GameStop, Tesla, and Apple. In other news, the consumer outlook remains strong due to job growth, according to Goldman Sachs. Random reads include a flamingo laying an egg and Bill Gross selling his stamp collection.



Read more at Morningstar: Dow 2.8 million? It’s not even a stretch – for your grandchildren.