Best-Performing ETF Areas Of September
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 30 2024
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Source: Benzinga
Wall Street Performance: In September, Wall Street saw positive growth with the S&P 500 up 1.6%, Dow Jones up 1.8%, and Nasdaq Composite up 2.3%, influenced by the first Fed rate cut in four years, a second ECB rate cut, and Chinese stimulus measures.
Economic Growth and ETFs: The U.S. economy grew at an annualized rate of 3% in Q2, surpassing expectations, while various ETFs, particularly those focused on China and technology, performed well due to favorable monetary policies and increased investor interest in emerging markets.
Analyst Views on CHIQ
Wall Street analysts forecast CHIQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHIQ 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: 21.430
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Current: 21.430
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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.
