5 ETFs Up More Than 35% in the First Nine Months
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
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Source: NASDAQ.COM
Wall Street Rally: Wall Street has experienced a strong rally in 2024, with the S&P 500 and Dow Jones reaching new all-time highs, largely driven by recent Federal Reserve interest rate cuts aimed at stimulating economic growth.
Top-Performing ETFs: Several ETFs have shown significant gains this year, including Reaves Utilities ETF, Themes Gold Miners ETF, and Roundhill Magnificent Seven ETF, benefiting from lower borrowing costs and increased consumer spending due to the Fed's rate cuts.
Analyst Views on MAGS
Wall Street analysts forecast MAGS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MAGS 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: 63.640
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Current: 63.640
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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.
