Summary: S&P 500 performs well in 4th quarter, Wall Street bullish on Amazon and Uber.

From Nasdaq: 2024-10-11 03:30:00

The S&P 500 has historically performed well in the fourth quarter with an average gain of 4.8%. Wall Street is bullish on Amazon and Uber, with price targets indicating a 20% and 18% upside respectively. Amazon dominates in online sales, digital ads, and cloud services while Uber leads in rideshare and food delivery markets. Both companies are solid long-term investments despite short-term fluctuations.

Amazon is excelling in online retail, digital advertising, and cloud services, with strong growth in each area. The company reported mixed financial results in the second quarter but is expected to see earnings grow at 25% annually through 2026. Patient investors should consider buying shares given the reasonable valuation.

Uber dominates the U.S. rideshare market and ranks second in food delivery services, with strong cross-selling opportunities between the two segments. The company showed strong performance in the second quarter, with notable growth in monthly active platform consumers and trips. Uber has significant potential for growth in autonomous driving technology and should continue to benefit from market expansion.

Investors have a second chance at lucrative opportunities with “Double Down” stock recommendations from expert analysts. Companies like Amazon, Apple, and Netflix have seen substantial returns after “Double Down” alerts in the past. Current alerts include three promising companies, offering potential for significant growth and returns. Interested investors should act now before missing out on this opportunity.



Read more at Nasdaq: The S&P 500 Usually Goes Up in the 4th Quarter: 2 Stocks to Buy Now That Are Highly Rated by Wall Street