TSN - Navigating The S&P 500 Landscape: Here Are The Stocks Analysts Believe Have The Highest Potential And Biggest Downside | Benzinga
In the middle of the AI revolution and the Federal Reserve's steadfast stance on interest rates, the stock market has seen unexpected twists and turns. Despite hopes of the U.S. sidestepping a potential recession, the stock market's trajectory remains unpredictable.
BofA's Take on Old Economy Stocks
This week, BofA made headlines by endorsing "old economy" giants, suggesting that blue-chip powerhouses like NVIDIA Corporation (NASDAQ: NVDA) and Meta Platforms, Inc. (NASDAQ: META) could be the torchbearers propelling the S&P 500 forward while capitalizing on the AI wave, according to a note by Reuters.
S&P 500's Current Stand
Currently, the S&P 500 is wrestling with a decline of nearly 3% from June 30, standing at 4,320.06.
Bullish Predictions Amidst Market Volatility?
Amid market turbulence, a chorus of industry gurus have belted out a bullish tune, forecasting a 19% ascent in the S&P 500's price within the next year, as highlighted by FactSet's insights. Its latest bottom-up target price for the S&P 500? A scorching 5152.11.
Spotlight on Sectoral Growth
Breaking down the data sector-wise, the information technology (+22.8%), consumer discretionary (+22.7%) and real estate (+22.6%) sectors are poised for the most significant price hikes, as noted by FactSet.
Conversely, the energy sector, ...