Top Stocks Not Named Nvidia You Need To Know About In 2024: Here's What Investors Think About Them (Wall Street Vs. Reddit)
Portfolio Pulse from Piero Cingari
In the first two months of 2024, Nvidia Corp. led S&P 500 stocks with a 60% gain, but other stocks also saw significant returns. The S&P 500 Equal Weight ETF (RSP) and SPDR S&P 500 ETF Trust (SPY) posted gains of 3% and 7%, respectively. Top performers included Constellation Energy, Meta Platforms, and Advanced Micro Devices, among others. Wall Street analysts see upside potential in stocks like Uber Technologies and Catalent. The VanEck Social Sentiment ETF (BUZZ) highlights stocks favored by social media, including Coinbase and MicroStrategy.
February 29, 2024 | 9:58 pm
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NEUTRAL IMPACT
S&P 500 Equal Weight ETF (RSP) sees a modest 3% return, indicating a more balanced market performance.
RSP's modest gain suggests a balanced performance across the S&P 500, without significant short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
VanEck Social Sentiment ETF (BUZZ) tracks stocks favored on social media, highlighting investor sentiment.
BUZZ's focus on socially favored stocks provides insights into market sentiment, potentially influencing short-term movements.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Nvidia Corp. leads S&P 500 gains with a 60% increase in early 2024, showcasing strong performance.
Nvidia's standout performance as a tech leader contributes to its positive outlook, likely attracting more investor interest.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
SPDR S&P 500 ETF Trust (SPY) records a 7% increase, outpacing the median S&P 500 stock.
SPY's performance, outpacing the median S&P 500 stock, indicates a positive outlook for market-cap weighted assets.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80