Things to Know about Nvidia, Tesla, Costco in 2024
In 2024, with expectations of interest rate cuts and assuming no significant systemic risks arise within the year, investors are poised for a relatively optimistic outlook. Three star stocks have garnered significant attention. NVIDIA $NVIDIA Corp(NVDA)$ Nvidia has historically presented three long-term opportunities with gains exceeding fivefold. 1. After 2016, NVIDIA took over two years to surge from around six dollars to $67 (adjusted). However, by the end of 2018, it experienced a sharp 53% decline within three months. 2. In March 2020, amid the COVID-19 pandemic, Nvidia initiated its second explosive rally, witnessing a tenfold increase from its lowest point to its peak by October 2021. This surge was fueled by the generous l
In 2024, the Federal Reserve will commence a cycle of interest rate cuts. Which ETFs should be on your radar during this rate-cutting cycle? Russell 2000 Index ETF, IWM: While major indices like the S&P, Nasdaq, and Dow are approaching new highs, the Russell 2000 Index, representing 2000 small-cap stocks, has been consolidating for nearly two years. In 2024, there is a strong likelihood that the Russell 2000 may experience a catch-up rally. The long-term suppression of the Russell 2000 can be attributed to two main factors: During a bull market phase, small-cap stocks detach from fundamentals, experiencing significant gains only to undergo a substantial decline. It takes time for the bottom chips to turn over, allowing for a recovery. Interest rate hikes have a significant impact on gr