Russell 2000 Set for a Stellar 50% Leap in 2024, Forecasts Fundstrat’s Tom Lee
Tom Lee of Fundstrat Global Advisors forecasts a 50% rise in the Russell 2000 for 2024, citing its relative value akin to 1999 levels—a prelude to a 12-year outperformance streak. Backed by the Fed’s dovish stance and increasing CEO confidence, Lee anticipates heightened M&A, IPO activities, and sector diversification to drive growth. With the index trading at appealing price-to-earnings ratios and a significant biotech presence, small caps could notably benefit from impending Fed rate cuts. (CNBC)
Traders Eagerly Await Key Earnings from Darden, FedEx, and Nike
Ahead of Thursday’s market bell, traders are set to closely watch earnings reports from Darden Restaurants, followed by FedEx and Nike after closing. Darden is…
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