Overheated Market? Fidelity's Jurrien Timmer Believes It's 'Almost' In A New Bull Run
Portfolio Pulse from Bhavik Nair
Fidelity's Jurrien Timmer believes the market is almost in a new bull run, with an improving earnings outlook. Tech stocks like NVIDIA, AMD, Taiwan Semiconductor, and Microsoft have registered significant gains since the start of 2023. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 have also seen gains.
June 13, 2023 | 2:33 am
News sentiment analysis
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POSITIVE IMPACT
AMD has registered significant gains since the start of 2023, driven by the tech rally.
AMD is one of the tech stocks driving the rally in the S&P 500 this year. As the market approaches a new bull run, AMD's stock price is likely to benefit from the positive sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Microsoft has registered significant gains since the start of 2023, driven by the tech rally.
Microsoft is one of the tech stocks driving the rally in the S&P 500 this year. As the market approaches a new bull run, MSFT's stock price is likely to benefit from the positive sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
NVIDIA has registered significant gains since the start of 2023, driven by the tech rally.
NVIDIA is one of the tech stocks driving the rally in the S&P 500 this year. As the market approaches a new bull run, NVIDIA's stock price is likely to benefit from the positive sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The Invesco QQQ Trust Series 1 has gained 36.30% since the beginning of 2023.
As the market approaches a new bull run, the Invesco QQQ Trust Series 1 is likely to continue benefiting from the positive sentiment, especially given its 36.30% gain since the beginning of 2023.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust has gained 13.91% since the beginning of 2023.
As the market approaches a new bull run, the SPDR S&P 500 ETF Trust is likely to continue benefiting from the positive sentiment, especially given its 13.91% gain since the beginning of 2023.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Taiwan Semiconductor has registered significant gains since the start of 2023, driven by the tech rally.
Taiwan Semiconductor is one of the tech stocks driving the rally in the S&P 500 this year. As the market approaches a new bull run, TSM's stock price is likely to benefit from the positive sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75