Top-Performing Sector ETFs of the Third Quarter of 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 02 2024
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Source: NASDAQ.COM
Market Volatility and Fed Rate Cuts: The U.S. stock market experienced significant volatility in Q3 2024 due to recession fears, geopolitical tensions, and a decline in AI enthusiasm, but optimism surrounding potential Federal Reserve rate cuts provided some support, leading to gains in major indices.
Global Monetary Policy Changes: Central banks worldwide, including the People's Bank of China and the Bank of Japan, have implemented monetary stimulus measures and interest rate adjustments to address economic slowdowns, while sectors like telecom and international tech stocks saw substantial growth amid these changes.
Analyst Views on XTL
Wall Street analysts forecast XTL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XTL 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: 160.090
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Current: 160.090
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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.
