Published on 16 Sep 2023 on Insider Monkey via Yahoo Finance
11 Robinhood Stocks with Biggest Upside
In this article, we will take a look at the 11 Robinhood stocks with biggest upside. To see more such companies, go directly to 5 Robinhood Stocks with Biggest Upside.
The stock market gains seen this year despite rising inflation, rate hikes and recession fears have emboldened market bulls. Many now believe the next year would be a spectacular one for the stock market and stocks would touch new highs. In July, Ed Yardeni from Yardeni Research said that a soft landing is now inevitable and the broader market is now on track to see record gains in 2024. Yardeni said in his note that the bull market that started in October 2022 would last until at least the end of 2023. He said at the time that he was seeing S&P 500 somewhere around 4,800 and 5,400 over the next 18 months. Yardeni, did not however, rule out the chances of a broader correction. He said that the S&P 500 is indeed hot and the NASDAQ is even hotter. However, he said that any meltdown in stocks would be a temporary correction rather than the start of a bear market which many of the Wall Street analysts have been warning about ever since the bull market started. Yardeni said that some analysts are too pessimistic. He sees S&P 500 earnings to hit $270 per share by 2025.
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