4 Best ETF Areas of Last Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2024
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Source: NASDAQ.COM
- Wall Street Performance: Last week, Wall Street saw positive gains with the S&P 500 rising by 1.9%, the Dow Jones by 2.2%, and the Nasdaq Composite by 1.1%. The Dow Jones had its best week of 2024.
- Key Drivers of Dow Rally: Companies like Amgen, Amazon, Apple, Boeing, and Goldman Sachs were key drivers behind the Dow Jones rally.
- Apple's Product Launch: Apple unveiled new iPad models after two years, including top-end iPad Pro versions, mid-tier iPad Air models, Apple Pencil Pro stylus, and an updated Magic Keyboard case.
- Economic Data: Consumer sentiment in the U.S. dropped to a six-month low, impacting the University of Michigan Survey of Consumers sentiment index for May.
- Winning ETFs: Some top-performing ETFs last week included those focused on miners, shipping, industrials, and natural gas due to various market factors like subdued treasury yields and high demand.
Analyst Views on AIRR
Wall Street analysts forecast AIRR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AIRR 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: 114.370
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Current: 114.370
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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.
