Market Bubble Concerns: Despite fears of a stock market bubble, the author argues that the current market is not in a bubble, citing strong corporate profits and a balanced market sentiment as indicators of stability.
Investment Strategy: The author recommends a two-step investment strategy involving closed-end funds (CEFs) that provide high yields (up to 8.2%) and a hedge against potential market corrections, particularly focusing on funds that capitalize on AI-driven gains.
AI's Impact on Earnings: The article highlights that AI is boosting corporate profits rather than taking jobs, with recent earnings growth surpassing historical averages, suggesting a positive long-term outlook for stocks.
Additional Investment Opportunities: The author mentions the availability of more CEFs yielding around 9.5%, which offer both downside protection and potential for outperformance, encouraging readers to explore these options for enhanced portfolio returns.
Wall Street analysts forecast ASG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASG 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.
0 Analyst Rating
Wall Street analysts forecast ASG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASG 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.
0 Buy
0 Hold
0 Sell
Current: 5.430
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Current: 5.430
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About ASG
Liberty All-Star Growth Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to seek long-term capital appreciation. Under normal market conditions, the Fund seeks to achieve its investment objective through investing at least 65% of its net assets in a diversified portfolio of equity securities of companies of any market capitalization. The Fund may invest up to 35% of the value of its total assets in United States (U.S.) Government Securities, repurchase agreements with respect to U.S. Government Securities, and, to an extent not greater than 10% of the market value of the Fund's total assets, money market mutual funds that invest primarily in U.S. Government Securities. The Fund's investment advisor is ALPS Advisors, Inc. The Fund's investment managers include Congress Asset Management Company, LLP; Sustainable Growth Advisers, LP, and Weatherbie Capital LLC.
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.
