Market Momentum: Your Weekly Financial Forecast
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 30 2024
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Source: Benzinga
Market Volatility and Key Drivers: U.S. markets experienced volatility due to geopolitical tensions, earnings reports, and economic data, with the Dow Jones gaining while the S&P 500 and Nasdaq faced declines, particularly influenced by disappointing tech earnings from Alphabet and Tesla.
Upcoming Economic Indicators: Investors are preparing for significant events including earnings reports from major companies and a Federal Reserve meeting, which are expected to impact market movements, alongside lower-than-expected inflation figures that support potential rate cuts.
Analyst Views on SOXL
Wall Street analysts forecast SOXL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOXL 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: 63.480
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Current: 63.480
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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.
