Bullish outlook for 2024 with thriving stocks, historical trends, and potential for significant gains

From Nasdaq: 2024-11-26 12:07:00

Stocks on Wall Street are thriving in 2024 despite global conflicts and high interest rates. Reasons to stay bullish include historical seasonality trends, AI spending growth, and year-end window dressing. The Nasdaq 100 ETF is poised for a breakout, suggesting it’s not too late to invest in a year-end rally. Institutional investors are eyeing winners like Coinbase, Tesla, and Astera Labs. AI spending has surged 500% this year, with Nvidia’s earnings expected to grow 123.08% year-over-year. The Russell 2000 Index ETF is up over 12% in November, nearing its 2021 highs. Zacks experts have selected 5 stocks with the potential to double in value in 2024, providing an opportunity for significant gains under the radar.



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