3 Top ETF Areas of Last Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 28 2024
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Source: NASDAQ.COM
- Wall Street Volatility: Last week, Wall Street experienced volatility driven by NVIDIA earnings and hawkish Fed minutes, resulting in a 600-point drop in the Dow Jones.
- Interest Rate Concerns: Market turmoil on Thursday was triggered by renewed concerns over interest rates, but Friday saw an attempt to recover losses.
- Federal Reserve Outlook: Strong U.S. business data led to a divided outlook among traders, with some now expecting a delay in the Fed's rate cut to September.
- NVIDIA Performance: NVIDIA's impressive quarterly performance led to a 13.5% rise in its stock price, with an upcoming stock split expected to attract more retail investors.
- ETF Winners: Winning ETF areas last week included Ether-related ETFs, Solar ETFs like TAN, and Hydrogen ETFs like HDRO and HYDR due to various market factors and developments.
Analyst Views on TAN
Wall Street analysts forecast TAN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TAN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 52.250
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Current: 52.250
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
