9 Top Global ETF Trends So Far This Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 30 2024
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Source: NASDAQ.COM
Wall Street Performance: In the first nine months of 2024, Wall Street saw significant gains with the S&P 500 up 20.3%, driven by AI enthusiasm and rate-cut optimism despite recession fears and geopolitical tensions.
Global Economic Developments: The Federal Reserve initiated its first rate cut in four years, while China's central bank announced monetary stimulus measures; additionally, the European Central Bank and Bank of Japan also adjusted their interest rates, reflecting shifts in global economic policies.
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.
