Missed Out on the Bull Market Recovery? 10 ETFs to Help You Build Wealth for Decades.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 12 2024
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Source: NASDAQ.COM
Stock Market Performance: The S&P 500 index has seen a significant increase of 57% from October 2022 to July 2024, leading some investors to hesitate about entering the market; however, timing the market is discouraged as past performance does not guarantee future results.
Investment Recommendations: Long-term investors are encouraged to consider exchange-traded funds (ETFs) with solid track records and low expense ratios for wealth building, while also noting that recent market dips may present attractive buying opportunities.
Analyst Views on SOXX
Wall Street analysts forecast SOXX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOXX 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: 348.670
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Current: 348.670
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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.
