The Market Is in a 'Boom,' Not a 'Bubble,' Says Citigroup
I'm PortAI, I can summarize articles.
Citigroup's head of U.S. equity strategy, Scott Chronert, asserts that the stock market is in a "boom" phase, not a bubble, with a positive outlook for the new year. He highlights the impact of artificial intelligence and anticipates earnings growth of 3.2% for 2024, driven by mega-cap tech stocks like Alphabet, Amazon, and Nvidia. Chronert also expects recovery in lagging sectors such as energy and utilities, contributing positively to overall earnings. Analysts suggest Nvidia (NVDA) has significant upside potential, with a target price of $262.79 per share.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments