Fri, Apr 19, 2024 4:55 PM
Amazon Stock Has 30% Upside, According to 1 Wall Street Analyst
A Flip by Shubhangi Gupta
Federal Reserve Chairman Jerome Powell's reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S. stock and bond investors, as uncertainty over the path of inflation intensifies the focus on upcoming data.Though Powell on Wednesday acknowledged a lack of recent progress in the Fed’s battle.
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After some recent losses, markets turned up during Wednesday’s after-hours trading session. This upturn coincided with Federal Reserve Chair Jay Powell’s announcement confirming that there will be no further rate hikes for the foreseeable future. The upward turn in the markets highlights the volatility in current conditions – but that’s not a bad thing at all, for at least one market expert.
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Trends can be easy to miss. After all, many people heard about artificial intelligence (AI) and how it was the "next big thing," and yet, many of those same people never invested a penny into AI stocks like Nvidia, Super Micro Computer, or SoundHound AI before they went parabolic during the last two years. So, what other trends and potential multibaggers might investors be missing?
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