4 ETF Investing Areas That Ruled Last Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 07 2024
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Source: NASDAQ.COM
Market Performance Overview: Last week, Wall Street saw modest gains with the S&P 500 up 0.2%, driven by positive September jobs data, despite concerns over escalating Middle East tensions and a dockworkers' strike affecting U.S. ports.
Sector Highlights: Significant ETF performances included the VanEck ChiNext ETF rising 40.7% due to China's stimulus measures, while oil-related ETFs surged as crude prices increased over 8% amid fears of supply disruptions from the Middle East conflict.
Analyst Views on CNXT
Wall Street analysts forecast CNXT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNXT 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: 45.880
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Current: 45.880
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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.
