The Zacks Analyst Blog Highlights Direxion Daily TSLA Bull 2X Shares, Direxion Daily GOOGL Bull 2X Shares, Direxion Daily AVGO Bull 2X Shares and Direxion Daily Consumer Discretionary Bull 3X Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
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Source: NASDAQ.COM
Market Performance and Economic Indicators: Last week, Wall Street showed mixed results with the S&P 500 down 0.6% and the Dow Jones down 1.8%, while consumer inflation rose to an annual rate of 2.7%. Despite this, the market anticipates a 25-basis point rate cut, with consumer optimism reaching its highest level since before the COVID-19 pandemic.
Notable Stock Performances: Tesla's stock surged 9.6% after record sales, Alphabet's shares rose 8.7% following the announcement of a new quantum computing chip, and Broadcom experienced a remarkable 24.4% increase in one day due to strong earnings and revenue growth, including a significant rise in AI-related revenue.
Analyst Views on AVL
Wall Street analysts forecast AVL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVL 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: 39.240
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Current: 39.240
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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.
