Best ETF Areas of July
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 05 2024
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Source: NASDAQ.COM
Market Trends: In July, the U.S. stock market experienced a "Great Rotation" as investors shifted from technology stocks to smaller companies and sectors benefiting from anticipated Fed rate cuts, with the Dow Jones Industrial Average gaining 4.4%.
Sector Performances: Key areas of growth included homebuilding, volatility, small banks, telecom, and biotech ETFs, driven by expectations of lower interest rates and improving economic conditions, highlighted by a stronger-than-expected GDP growth of 2.8% in Q2 2024.
Analyst Views on QABA
Wall Street analysts forecast QABA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QABA 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: 61.199
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Current: 61.199
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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.
