VTWO - 1 Vanguard Index Fund to Buy Before It Soars 50% According to a Wall Street Analyst
2024-03-27 05:33:00 ET
Tom Lee is the head of research at Fundstrat Global Advisors. He is well known for his stock-picking product, Granny Shots, which has more than doubled the return of the S&P 500 (SNPINDEX: ^GSPC) since its inception in January 2019. That outperformance makes Lee a credible source of insight where the stock market is concerned.
Lee recently told CNBC that the small-cap Russell 2000 could soar 50% this year. That implies identical upside in the Vanguard Russell 2000 ETF (NASDAQ: VTWO) . What makes that forecast particularly intriguing is that some Wall Street analysts see substantial downside in the large-cap S&P 500. For instance, JPMorgan Chase set the index with a year-end price target of 4,200, implying a 20% decline from its current level.
With that in mind, the present may be a good time to buy a few shares of the Vanguard Russell 2000 ETF. Read on to learn more.
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1 Vanguard Index Fund to Buy Before It Soars 50%, According to a Wall Street Analyst