CA - Top 4 Stocks To Buy For H2 2024
2024-06-25 18:13:56 ET
Summary
- Stock market performance in H1 was strong, driven by steady earnings growth and a resilient US economy.
- The S&P 500 is near all-time high with tech-heavy companies leading returns, while Dow Jones lags behind.
- Q2 earnings will determine H2 investor appetite, with sky-high expectations, it's time for caution.
- Instead of buying market-weighted ETF, I am presenting to you my Top 4 Stock for H2 2024, expecting market-beating returns.
Investors were given a lot of reasons to celebrate the performance of the stock market in H1 supported by steady earnings growth in Q1 with 79% of companies topping estimates , and a resilient US economy despite the inverted yield curve, which often signals an incoming recession.
Instead of recessionary fears, the S&P 500 ( SP500 ) is hovering near an all-time high with a year-to-date return of 14.9%, driven largely by the AI-centric narrative , in which 10 companies alone are responsible for 71% of the returns, with Nvidia ( NVDA ) contributing as much as 5%....
Top 4 Stocks To Buy For H2 2024