From Nasdaq: 2024-11-08 11:00:00

The FOMC cut interest rates, boosting market confidence in inflation and the economy. The NASDAQ QQQ broke out to set new highs, with indexes expected to rise in the coming months. Positive forces like AI and a business-friendly President are driving stock market growth.

Semiconductor and tech stocks surged, with NVIDIA and Philadelphia Semiconductor hitting new highs. The Russell 2000 index rose over 5.75%, showing strong sector rotation into small caps. Leading stocks in the index gained an average of 35%, setting the stage for a potential rally above 3,000.

Faro Technologies, a 3D measurement leader, faces macro headwinds but forecasts growth in 2025. Analysts rate the stock as a Buy, with a target range of $28-$30.

Wolverine Worldwide, known for iconic shoe brands, is adapting to shifting consumer trends. Revenue is expected to grow by 5% in 2025 with accelerated earnings growth. The stock’s price target is rising, indicating a positive sentiment shift.

IonQ, a quantum computing solutions leader, saw accelerated growth in 2024 with a forecast for 2025. While not yet profitable, revenue growth is expected to continue with advancements in quantum technology. Increased partnerships position IonQ as a potential leader in the emerging quantum market.



Read more at Nasdaq:: The Hottest Markets to Watch After the Fed’s 25 Bps Rate Cut