5 Solid Plays on the Relative Price Strength Trend
AEOAmerican Eagle Outfitters(AEO) Zacks Investment Research·2024-02-29 22:56

Wall Street continues its strong performance in 2024, building on its success from the previous year. So far this year, the benchmark S&P 500 index has risen more than 5%. The main reasons for this upward trend include expectations of interest rate cuts by the Fed, better-than-expected earnings in the fourth quarter of 2023 and significant growth in artificial intelligence (AI) technology globally.Additionally, the U.S. economy remains robust, with the Department of Commerce reporting a growth rate of 3.3% ...