Patterns tend to repeat themselves in the stock market. And according to an analysis of the Nasdaq Composite going back to 1971, the tech-heavy index has risen by an average of 19% every year following a recovery year like 2023.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P 500 ETF Trust (Symbol: SPY) where we have detected an approximate $4 inflow -- that's a 0.7% increase week over week in outstanding uni
New Jobless Claims numbers this morning continue to put a subtly different tilt on our current labor market: just like yesterday’s lower-than-expected ADP (ADP) private-sector payroll tallies, ahead of today’s opening bell we see
Canada's main stock index rose on Thursday boosted by materials stocks, while investors repriced their expectations of the first rate cut to May by the U.S. Federal Reserve.
New Jobless Claims numbers this morning continue to put a subtly different tilt on our current labor market: just like yesterday’s lower-than-expected ADP ADP private-sector payroll tallies, ahead of today’s opening bell we see bo
Rivian (NASDAQ: RIVN) is a young automaker in the midst of a slowdown in EV growth in the U.S. market. Because of that, investor focus on the company's production, deliveries, and cash burn has been magnified -- and rightfully so.
The S&P 500 and the Nasdaq were set to open higher on Thursday, following a selloff in the previous session after the Federal Reserve dashed hopes for early interest rate cuts, with focus now on economic data and Big Tech earnings later in the day.
Snap SNAP is set to report fourth-quarter 2023 results on Feb 6.Per the internal forecast, the company expects revenues between $1.32 billion and $1.375 billion, implying year-over-year growth of around 2% to 6%. Within this range
For Immediate ReleaseChicago, IL – February 1, 2024– Zacks Director of Research Sheraz Mian says, "S&P 500 index earnings are currently expected to be up +2.4% from the year-earlier level on +2.8% higher revenues, which would
Below is Validea's guru fundamental report for AMAZON.COM INC (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibi
Wall Street recorded declines on Wednesday, reacting to the Federal Reserve's decision to maintain current interest rates. This decision, coupled with Federal Reserve Chair Jerome Powell's indications that rate cuts are unlikely i
Avnet AVT reported better-than-expected second-quarter fiscal 2024 results. The company’s non-GAAP earnings were $1.40 per share, which surpassed the Zacks Consensus Estimate of $1.39. However, the reported figure came 30% lower t
Following Fed Chair Powell’s comments yesterday the Fed needs to see further confirmation inflation is on a sustainable path to its 2% target, investors will pay close attention to fresh data out this morning.
Futures for Canada's main stock index rose on Thursday after crude prices advanced, while investors repriced their expectations of the first rate cut to May by the U.S. Federal Reserve.
March S&P 500 E-Mini futures (ESH24) are up +0.38%, and March Nasdaq 100 E-Mini futures (NQH24) are up +0.57% this morning as investors looked ahead to a new round of U.S. economic data and earnings reports from tech behemoths Apple, Amazon, and Meta Platforms.
U.S. stock index futures rose on Thursday, following a Wall Street selloff in the previous session as the Federal Reserve dashed hopes for early interest rate cuts, with the focus moving to economic data and Big Tech earnings scheduled for later in the day.
March S&P 500 E-Mini futures (ESH24) are up +0.33%, and March Nasdaq 100 E-Mini futures (NQH24) are up +0.59% this morning as investors looked ahead to a new round of U.S. economic data and earnings reports from tech behemoths Apple, Amazon, and Meta Platforms.
South African pay TV company MultiChoice Group and U.S. media conglomerate Comcast's NBCUniversal Media will invest about $177 million in Showmax's video streaming platform during its current financial year, they said on Thursday.
Mutual funds offer diversification to investors, allowing them to invest in various stocks simultaneously. These funds provide ample liquidity, facilitating convenient buying and selling. Today, we have focused on a multi-cap fund,
VSMPX
, with the potential to earn more than 10% appreciation in the next twelve months.
Let’s take a closer look at this fund, which offers exposure to stocks with varying market capitalizations.
Vanguard Total Stock Market Index Fund Institutional Plus Shares
The VSMPX fund offers investors exposure to the entire U.S. stock market, including growth and value stocks of small, mid, and
large-cap companies. What stands out is its
significantly low expense ratio of 0.02% and broad diversification. As of today,
VSMPX has 3,794 holdings with total assets of $1.31 trillion.
On TipRanks, VSMPX has a Moderate Buy consensus rating. This is based on 2,322 stocks with a Buy rating, 1,364 stocks with a Hold rating, and 108 stocks with a Sell recommendation. The a
verage VSMPX mutual fund price target of $243.65 implies 11.22% upside potential from the current levels.
VSMPX has delivered a return of about 18% over the past year. Moreover, its top three holdings include
technology giants such as Apple (
NASDAQ:AAPL
), Microsoft (
NASDAQ:MSFT
), and Amazon (
NASDAQ:AMZN
).
Bottom Line
Investors seeking exposure to multi-cap growth and value stocks could consider VSMPX. Moreover, analysts’ average price target suggests that VSMPX provides an upside potential of about 11% over the next 12 months.
Disclosure