News Formal

These 5 portfolio stocks crushed the volatile market since our August Monthly Meeting

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 27 min. at publisher
  • 📊 Quality Score:
  • News: 97%
  • Publisher: 72%

Earnings News

Stock Markets,Technology,Breaking News: Technology

Investor concerns around the AI boom, coupled with the market's sensitivity to the Fed's next policy move, have caused Wall Street to seesaw in recent weeks.

It's been a topsy-turvy stock market since the Club's August Monthly Meeting. The S & P 500 jumped 1.8% over the period, while the Dow Jones Industrial Average and Nasdaq Composite advanced 2.1% and 0.9%, respectively. But it hasn't been a one-way climb for the stock market.

Days later, Goldman Sachs also named the stock its top internet pick while reiterating a buy rating on shares. In the Aug. 29 note, Goldman analysts said that even if consumers trade down on their shopping choices amid economic uncertainty, the company is still well-positioned to capitalize on the shift in spending.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Our top 5 stocks of the topsy-turvey market since July's Monthly MeetingHere's what drove the gains in our five top-performing stocks over the past few weeks.
Source: CNBC - 🏆 12. / 72 Read more »