Markets hit new record with bets on a "Goldilocks" economy, but volatility persists. AI and international ETFs like QQQ, IVES and EZU could be good bets for 2H.
Nvidia, Microsoft, and Apple have contributed significant gains to the S&P 500 over the last decade. Many excellent tech companies make up a fraction of the S&P 500 but are better represented in the Vanguard Information Technology ETF. The tech sector is valued based on future earnings growth, so delivering on expectations is paramount to justify lofty valuations.
British luxury retailer Watches of Switzerland on Thursday projected full-year revenue growth of 6% to 10%, after its U.S. business revenue surpassed the $1 billion mark for the first time, driven by strong consumer demand. The company posted adjusted operating profit of 150 million pounds ($204.60 million) for the year ended April 27, above analyst estimates of 148.8 million pounds, according to a company-compiled consensus. ($1 = 0.7331 pounds)