Piper Sandler chief market technician Craig Johnson expects the markets to push higher after uncertainty over the U.S. election subsides.
U.S. stocks traded mostly lower toward the end of trading, with the S&P 500 slipping around 0.1% on Monday.
Todd Gordon joined Benzinga's PreMarket Prep on Monday morning to discuss the possible aftermath of Tuesday's U.S. presidential election between Donald Trump and Kamala Harris.
IVV is an exceptional large-cap core holding suitable for most investors, but this conclusion has little to do with the fund's terrific track record. Instead, IVV works because it ranks above average on 8/10 factors, including expenses, liquidity, diversification, risk, growth, quality, momentum, and earnings revisions. For this reason, smart-beta portfolio managers will have a tough time outperforming IVV, as it does a great job hiding in plain sight as a strong factor ETF.
Wall Street looked on course for a positive start to the week which will see either Kamala Harris or Donald Trump emerge victorious in the US presidential election. Futures had the S&P 500 up 0.2% ahead of Monday's opening bell, while the Nasdaq and Dow Jones were seen 0.1% higher respectively.
Investors should look beyond the top 10 stocks by market capitalization. Stocks that fell by 10% or more in basic materials discussed. SMCI is the outlier in the worst-performing technology sector.
The S&P 500 index is overvalued, but the energy and communication sectors are not. The most overvalued sector is industrials, followed by technology. Nine stocks cheaper than their peers.
According to JPMorgan, the AI-driven boost will help drive the S&P 500 over the medium term as AI adoption will be widespread in the market.
Super Micro joined the list after a 33% drop on Wednesday.
Two airlines and two cruise lines make the list of the month's best performers in the U.S. benchmark index.
U.S. stocks traded mixed midway through trading, with the S&P 500 edging lower on Wednesday.
Bond yields may be climbing. But these blue chip S&P 500 stocks offer growth and income.