The Dow closed at a record as investors expected the Fed to cut rates later this month.
 | WED, JUL 03, 2019 | | | | DOW | | NAME | LAST | CHG | %CHG | | MSFT | 137.46 | +0.88 | +0.64% | | CSCO | 56.48 | +1.02 | +1.84% | | AAPL | 204.41 | +1.68 | +0.83% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | SYMC | 25.10 | +3.00 | +13.57% | | BAC | 29.05 | -0.10 | -0.35% | | AMD | 31.19 | -0.05 | -0.16% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | SYMC | 25.10 | +3.00 | +13.57% | | AMD | 31.19 | -0.05 | -0.16% | | TSLA | 234.90 | +10.35 | +4.61% | |
| |
The Dow closed at a new record in Wednesday's shortened session as investors bet another weak jobs report Friday will provide a surefire signal the Fed will cut rates later this month. More monetary stimulus will make up for slowing earnings and continue to push share prices higher, investors are betting. Barclays believes we're setting up for a "melt-up" or "mini-bubble" that will take the S&P 500 10% higher from here in rather rapid fashion.
Which stocks could lead the way higher? CNBC ran a screen to find the stocks that Wall Street analysts love the most.  As Yun Li writes, these are the names that analysts believe will rise the most over the next 12 months, based on their average price target. (We only included stocks whose average price target is increasing over the last three months. That is, names that analysts are getting increasingly bullish about.) Some big notable names make the list including General Motors, Morgan Stanley and Amazon. Note: The NYSE is closed on Thursday for July Fourth. The market will be open for a full day of trading on Friday. |
Post a Comment