News Formal

'Buy stocks, not the stock market': Wells Fargo

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

'Buy stocks, not the stock market': Wells Fargo

Wells Fargo analysts are urging investors to be selective in their equity investments, advising them to"buy stocks, not the stock market." faces a slight downturn, with the index down 0.5% for the week but still up 12% year-to-date. Despite a 3% selloff on Monday, market sentiment improved as decent jobless claims data helped counter fears of a hard-landing recession.

They maintain a year-end SPX target of 5535, implying a modest 4% upside from current levels. However, they are not advising a broad-based dip-buying strategy at this time, due to this week's events and ongoing uncertainties.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 450. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Here's why Wells Fargo stock is down 7% despite the bank's quarterly earnings beatThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Källa: CNBC - 🏆 12. / 72 Läs mer »