Bank of America Predicts 23% Upside for S&P 500 if Key Level is Breached

Spencer Platt/Getty Images The stock market could have 23% upside if a key technical level is breached, according to Bank of America. BofA analyst Stephen Suttmeier said a decisive break above 4,600 for the S&P 500 would confirm a bullish chart pattern. “Rising 40-week and 200-week moving averages underpin this bullish longer-term technical setup.” A …

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Predictions for Bullish Stock Market Trends Point to New Highs in 2024

The stock market is projecting new heights for 2024. Strategists from BMO Capital Markets and Deutsche Bank have high expectations for the S&P 500 (^GSPC), predicting the index will reach 5,100 by the end of next year. This stands as the highest projection yet among Wall Street strategists followed by Yahoo Finance. If this prediction …

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Keep Yourself Informed: Things You Should Know This Week

Stock market bulls looking to extend the rally in the upcoming week will face a major obstacle in the way of the Federal Reserve’s preferred inflation measure. The release of the Personal Consumption Expenditures (PCE) index for October on Thursday is expected to show that “core” PCE inflation, the Fed’s favored gauge, rose by 3.5% …

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Top 7 Tech Stocks Predicted to Outperform S&P 493 in 2024 by Goldman Sachs

Google, Apple, Facebook, Amazon, and Microsoft logos displayed in front of an EU flag.JUSTIN TALLIS/AFP via Getty Images Mega-cap tech stocks have been the driving force behind the stock market’s gains in 2023, and they are anticipated to continue doing so in 2024. Goldman Sachs predicts that the top seven stocks in the S&P 500 …

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30-Year Energy Expert Predicts Saudi Arabia’s Potential Surprise Oil Cuts Could Send Prices Soaring and Futures Market into Backwardation

sefa ozel/Getty Images Oil prices fell on Thursday after OPEC delayed its meeting from November 26 to November 30. It’s set to take place virtually, suggesting members have made an agreement, says Anas Alhajji. There could be additional cutbacks not anticipated by the markets, he added. As the US Thanksgiving holiday puts the stock market …

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OpenAI Drama and Record High Stock Price Pave the Way for Key Report

Nvidia (NVDA) is set to release third quarter earnings after the bell on Tuesday as Wall Street eagerly awaits an update on the fundamentals that drive the artificial intelligence hype cycle. This report follows the stock’s record high close of $504.09 per share on Monday, with AI once again grabbing investors’ attention amid the ongoing …

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Maximize Your 401(k) Potential: How Fed Rate Hikes Impact Stock Market Surges

An exciting week’s news reveals that inflation in October unexpectedly decreased, reinforcing the belief that the Federal Reserve has wrapped up the most aggressive rate-hike campaign in the past 40 years. This is reassuring for the stock market and your 401(k). Studies show that stock market performance following the final rate increase is promising, with …

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