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home / news releases / vong large cap growth breaks to new highs bulls defe

SPY - VONG: Large-Cap Growth Breaks To New Highs Bulls Defend Key Support

SPDR S&P 500

2024-05-19 01:04:01 ET

Summary

  • Large-cap growth stocks have reasserted themselves in Q2, with the MAGS ETF and Nasdaq 100 reaching all-time highs.
  • I have a buy rating on the Vanguard Russell 1000 Growth Index due to a reasonable valuation given EPS growth trends and its strong momentum.
  • Amid bullish seasonal trends, I highlight key price levels to watch on the chart.

Large-cap growth has reasserted itself in the second quarter after a brief respite from leading the domestic equity factor pack earlier this year. The earnings season proved beneficial for many of the Magnificent Seven stocks – the MAGS ETF recently notched all-time highs. ...

For further details see:

VONG: Large-Cap Growth Breaks To New Highs, Bulls Defend Key Support
Stock Information
Company Name: SPDR S&P 500
Stock Symbol: SPY
Market: NYSE
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