Despite this, bullish sentiment among investors is above historical averages, suggesting optimism despite geopolitical tensions.
Defense stocks tend to perform well in such situations. You can consider investing in them through ETFs like the iShares U.S. Aerospace & Defense ETF could face challenges, likely emerging as the weakest performer. Overall, S&P 500 companies are projected report an approximately 11% increase in earnings for the year 2024.
On May 22, Modine will report its financial results, with expectations of a 13.68% increase in earnings per share . Keep an eye on this under-the-radar stock as it continues to make strides in the AI industry. This achievement propels it into the exclusive"10-bagger" category, a term coined by Peter Lynch to describe stocks that multiply their price by 10.
It has a market value of $1.6 billion and its shares are up 69.15% over the last 12 months, with its performance over the last 3 months being more impressive.Ranking of the main stock exchanges in 2024Bullish sentiment, i.e. expectations that stock prices will rise over the next six months, is at 43.4%, above its historical average of 37.5%.
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