Markets may have calmed this week after seeing consecutive gains, but that hasn't stopped stocks from reaching all-time highs in 2024 so far. Yahoo Finance Markets Reporter Jared Blikre breaks down the amount of record-highs while option trading volumes surge. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
The so-called Magnificent Seven mega-cap stocks have powered much of the S&P 500's gains. However, their dominant run may be ending, according to JonesTrading Chief Market Strategist Mike O'Rourke. O'Rourke pointed to recent earnings from Meta (META) and Nvidia (NVDA) that "shattered" expectations yet saw different market reactions. He notes the Magnificent Seven valuations have diverged "drastically," causing investors to "differentiate" between them rather than treat them as a uniform group. As growth moderates for these mega-cap stocks, O'Rourke expects "rotation" within the Magnificent Seven tech companies as investors compare valuations and future trajectories. He believes this could force funds into other promising areas of the market beyond the narrow mega-cap technology focus, like biotech and pharma. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
In this article, we will take a detailed look at Jim Cramer’s 10 New Stock Picks Before March 2024. For a quick overview of such stocks, read our article Jim Cramer’s 5 New Stock Picks for March 2024. Jim Cramer during his February 28 program on CNBC said that as we near the end of […]