News Formal

Stocks are booming in 2024, but financial advisors say it may be time to get a little defensive

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 72%

Unitedhealth Group Inc News

Jpmorgan Chase & Co,Vanguard Dividend Appreciation Index Fund ETF Shar,Russell 2000 Index

A surge in tech has driven the S&P 500 to new heights this year, but now may be a good time to look at underappreciated corners of the market.

With the S & P 500 surging more than 18% in 2024, it might be time for investors to get make a few defensive moves in their portfolios. The technology sector – including artificial intelligence play Nvidia – has helped lift the overall index, rising 33% this year alone. But the tech-driven surge is spurring some financial advisors to reassess their clients' exposure to large-cap tech and turn toward unloved asset categories that could also be poised to rise.

" Saccocia also likes health care, which is up a modest 10% in 2024. "It might take a little longer to manifest but we think is an interesting combination of offense and defense, and it provides meaningful cash flows for investors," Saccocia said. The Vanguard Dividend Appreciation ETF , with a total return of 11.2% in 2024, has a 24.4% weighting in tech, but financials make up 19.7% of the fund, while health care accounts for another 16%.

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 İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Watch out, these S&P 500 stocks could fall in the second half of 2024These names have had strong runs in 2024, but they could be running out of steam, according to analyst forecasts.
Source: CNBC - 🏆 12. / 72 Read more »

Not An Everything Rally: 2024’s Worst S&P 500 Stocks So Far From Boeing To IntelDerek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
Source: Forbes - 🏆 394. / 53 Read more »