S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales
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June 18, 2024 8:41 AM EDT
UBS analysts predict strong potential for small-cap stocks in the coming months. Their research highlights a historical correlation between small-cap performance and Treasury yields.
"Over the past year, Small Cap stocks have outperformed when Treasury yields have declined," states the UBS note. Conversely, small caps have underperformed during... More
June 18, 2024 7:16 AM EDT
Citi analysts have raised their S&P 500 year-end 2024 target to 5600 while also initiating mid- and full-year 2025 projections of 5700 and 5800, respectively, in a note Tuesday.
According to Citi, "Our full-year earnings estimate is increased to $250 from a long-standing above-consensus $245 estimate. For '25, we initiate a $270 estimate."
Citi's analysis considers three key influences: NVDA, other major growth stocks,... More
