Wall Street's Worst Week Since September: 5 ETFs That Defied The Market Slump
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Market Overview: U.S. stocks experienced their largest weekly decline in months due to trade policy uncertainty and Federal Reserve Chair Jerome Powell's cautious stance on rate cuts, with the S&P 500 down 3.1% and rising unemployment concerns contributing to investor anxiety.
ETFs Performance: Despite the market slump, several ETFs thrived by capitalizing on volatility and sector-specific trends, including the Defiance Daily Target 2x Long MSTR ETF, which gained 55.75%, and other volatility-linked ETFs that also saw significant weekly gains.
Analyst Views on VXX
Wall Street analysts forecast VXX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VXX 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: 26.760
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Current: 26.760
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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.
