Are Mid-Cap ETFs Better Bets Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 10 2024
0mins
Source: NASDAQ.COM
Market Sentiment and Economic Outlook: The U.S. economy shows improving market sentiments despite concerns over the presidential election, Fed rate cuts, and geopolitical tensions affecting oil prices, which have sparked inflation fears. However, earnings estimates for large-cap stocks have declined, indicating potential risks ahead.
Mid-Cap Stocks Performance: Mid-cap exchange-traded funds (ETFs) have performed well recently, with notable gains in several ETFs, suggesting they may offer a balanced investment opportunity amidst uncertainties affecting large-cap stocks due to their foreign exposure and economic conditions.
Analyst Views on XMMO
Wall Street analysts forecast XMMO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XMMO 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
0 Buy
0 Hold
0 Sell
Current: 142.440
Low
Averages
High
Current: 142.440
Low
Averages
High
No data
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.
