Consumer staples stocks usually provide protection when markets are frothy and ripe for a correction, but they’re a double-edged sword as they often lag in booming conditions. The industry has recently defied this pattern, however, delivering a six-month return of 10.3%, nearly mirroring the S&P 500.

In the last week, the United States market has stayed flat, yet it is up 26% over the past year with earnings expected to grow by 15% per annum over the next few years. In this context of robust growth potential, identifying high-growth tech stocks that align with these market dynamics can be crucial for investors seeking to capitalize on technological advancements and innovation.

The "Magnificent Seven" — made up of Nvidia (NVDA), Alphabet (GOOG, GOOGL), Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN), Meta (META), and Apple (AAPL) — have led the market (^DJI,^GSPC, ^IXIC) higher in 2024. While the narrow leadership has raised some concerns about concentration and broadening trading themes, Baird Investment strategist Ross Mayfield tells Brad Smith and Madison Mills on Morning Brief that these worries may be overblown. "It's certainly something we keep an eye on, but I would say that if you had been worried about that concentration or used it as a reason to get out of the market at any point over the last couple of years, it would have been a mistake," Mayfield says. The strategist believes investors "should be celebrating that some of the biggest and most innovative companies are in our markets. Concentration risk, or heavy concentration, has not been a good forward indicator over the last 40 or 50 years based on the data that we've seen." "It's something to keep an eye on [as] it maybe makes the market a little bit more fragile to something like Nvidia having a bad stretch run, but it's not something that we worry about too much," Mayfield adds. Watch the video above for more about Mayfield's Magnificent Seven outlook and what's next for the artificial intelligence (AI) trade. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.

Wall Street anticipated a housing market "thaw" in 2024, but the market remains frozen. Yahoo Finance Senior Reporter Dani Romero examined why expectations fell short, highlighting the role of persistently high mortgage rates in maintaining the US housing market's standstill. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith

We recently compiled a list of the 8 Cash-Rich Dividend Stocks To Invest In Now. In this article, we are going to take a look at where Chevron Corporation (NYSE:CVX) stands against the other cash-rich dividend stocks. Cash remains a critical asset, as companies with strong cash reserves tend to attract investors regardless of the economic […]

MIDLAND, MI / ACCESSWIRE / December 18, 2024 / Dow (NYSE:DOW) announced that Karen S. Carter, currently president of Dow Packaging & Specialty Plastics, has been appointed to the role of Chief Operating Officer, effective immediately. Carter will ...

Its longest streak of negative breadth was previously a 10-day stretch in 2000, according to Dow Jones Market Data numbers that go back to Dec. 31, 1999. The Dow, which has fallen in nine consecutive sessions, was up nearly 200 points, or 0.5% in early afternoon trading. The Nasdaq Composite was up 0.2%.

Omnicell (OMCL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

A tax-free savings account allows Canadians to build wealth in various ways, but which way you choose will give different results

We recently compiled a list of the 10 Stocks That Will Bounce Back According To Hedge Funds. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against the other stocks. With 2024 coming to a close, investors have left several unknown variables behind them. They started out the year […]