Fri, Jan 5, 2024 5:07 PM
Taking Stock: Market gains for the second day, IT stocks on the up
A Flip by Avya Verma
The S&P 500 (SNPINDEX: ^GSPC) advanced 10.2% during the three-month period that ended in March, notching 22 record highs along the way. That was the index's strongest first quarter since 2019, and its second-strongest first quarter of the past decade. Those gains were primarily driven by rate-cut hopes.To elaborate, investors initially expected the Federal Reserve to cut rates at least three times
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The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphabet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $544,015!
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April was another volatile month for high-flying AI stock Super Micro Computer (NASDAQ: SMCI) as interest in its fiscal third-quarter earnings report built, but in the end, the stock finished the quarter down 15%, according to S&P Global Market Intelligence.That pullback was in line with a broader decline in AI stocks, as investors seemed to fear that a bubble was forming in the sector.
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