Stocks imploded in April, what’s ahead for May?

In a recent research note titled "Recalibrating our views" Bank of America’s Savita Subramanian, Equity & Quant Strategist described what’s changed so far this year. "War, GDP cuts, Fed on steroids…" she detailed.

As a result, she trimmed her year-end target for the S&P 500 to 4,500 which still implies a yearly advance of 8.9% from Friday’s closing price. With the major averages down sharply this year, especially the Nasdaq, LPL Financial chief market strategist Ryan Detrick, is taking a contrarian view.

Tesla an 'extremely overvalued stock' $tsla

South Africa South Africa Latest News, South Africa South Africa Headlines

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

FAANG stocks plus Microsoft lost $1.4 trillion in market value during AprilOn another difficult Friday afternoon for the stock market, the broad U.S. indexes ended with significant declines --- with tech stocks standing out.
Source: MarketWatch - 🏆 3. / 97 Read more »

Tech stocks sink again, Nasdaq has worst month since 2008More steep losses for technology stocks pushed the S&P 500 down 3.6% on Wall Street Friday
Source: WOKVNews - 🏆 247. / 63 Read more »

Tech stocks sink; Nasdaq has worst month since 2008Another sharp sell-off led by tech added to Wall Street losses in April, leaving the S&P 500 with its biggest monthly skid since the pandemic's start.
Source: TucsonStar - 🏆 339. / 59 Read more »