Housing Stocks to Buy We’re all abuzz about the return…
S&P 500 Forecast 2021
After a nasty slide the last 3 weeks, the S&P index is off to a good start today and hopefully into this week and into March and the rest of 2021. S&P had its best day since last June 2020.
As in the case for the Dow Jones, the stimulus package, Johnson and Johnson vaccine, and lower bond yields are making tech stocks and other US stocks look good. Hopefully in the charts below you might find some stocks worth buying.
Yet, the S&P, DOW and NASDAQ indexes have shown volatility. Investors are uncertain and are reviewing forecasts and predictions for today, next week, next month and 6 months. Yes, there’s a lot of uncertainty regarding where the S&P and other indexes are headed in 2021.
“The sentiment is risk-on with more investors showing interest towards cyclical stocks while a positive vaccination drive and better macro numbers are hinting towards a better growth environment,” said Keith Buchanan, portfolio manager at Globalt in Atlanta. from Reuters news realease today.
Today, we saw how sensitive investors are to signs of the economic reopening. As these signals get stronger, the S&P is likely to make some big jumps over the summer. IT, Financials, energy and materials stocks lead the way today.
What Drives the S&P?
The S&P 500 or Standard & Poor’s 500 Index, is a weighted index of the 500 largest U.S. publicly traded companies (large-cap U.S. equities). It’s a measure of how well the top US corporations are doing. It can be contrasted with the Russell Index which is a measure of small to medium-sized companies. The Russell Index has actually performed well in 2020, and warrants a good look for investing. Check the Dow forecast and the NASDAQ Forecast too.
Stocks in the S&P 500 include Google Alphabet, Amazon, American Airlines, Facebook, Apple, McDonalds, NASDAQ, Nike, Delta Airlines, Sherwin Williams, Netflix and other high valuation companies. Facebook, Apple, Amazon, Netflix and Google — the FAANG stocks — now make up more than 11% of the S&P 500 index.
The S&P delisted Facebook as an ethical company, and we wonder if Google is next, having been convicted in Europe of anti-trust violations, and preparing to defend a US FTC investigation.
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