Stocks Could Jump Double Digits to End 2024

The S&P 500 Index just finished its strongest first half since 2021... And before that, we haven't had a better start since 2003. Stocks jumped 15.3% through the end of June. [Chaikin PowerFeed]( Editor's note: Here at the Chaikin PowerFeed, we're always glad when other smart folks "in the room" see similar evidence for one of our investing theses... As regular readers know, Chaikin Analytics founder Marc Chaikin expects a big second half of the year in the markets. It's all part of his broad [election-year thesis for 2024](. Meanwhile, our friend Brett Eversole over at our corporate affiliate Stansberry Research also sees the potential for big gains ahead... This essay first appeared in yesterday's edition of Brett's free DailyWealth e-letter. And in it, he explains how double-digit upside for stocks is possible to finish the year... Stocks Could Jump Double Digits to End 2024 By Brett Eversole, editor, Stansberry Research The S&P 500 Index just finished its strongest first half since 2021... And before that, we haven't had a better start since 2003. Stocks jumped 15.3% through the end of June. That's a rare feat – and better than a typical year for stocks. But the good times are far from over... You see, history shows that this kind of start means more gains are coming. And as I'll explain, we could see another double-digit rally by the end of the year... Recommended Links: [This Just Created 500,000 Millionaires—Were YOU one of them?]( AI just minted half a million new U.S. millionaires. But if you're wondering whether now is the time to double down on stocks like Nvidia... or wait for the next big market story... do NOT buy another stock before hearing this shocking AI story the moment it goes live. [It's 100% free here](. [Obama's 2024 Surprise: His secret plan to finish what he started]( The ONLY way Democrats can keep the White House is to bring back Barack Obama. And there's a sneaky (yet 100% legal) way to achieve this. In fact, this disaster scenario is already underway. See what they're up to, and how you can get ready today. [Here's the full video exposé](. When it comes to investing, you want to follow the trend. That's what works. The reason why is all about investor psychology... When prices begin moving higher, folks want in on the gains. Higher prices bring in more and more buyers... And the flood of new buyers pushes prices even higher. It's a virtuous cycle. When the uptrend is in place, it tends to stay that way. That's exactly what we've seen over the past two years. Take a look... [Chaikin PowerFeed] We're nearly two years into this bull market. Stocks are up more than 50% from the October 2022 low. And the first half of 2024 saw a big part of that rise. Again, stocks rallied 15.3% in the first half of the year. Best of all, according to history, that's a strong sign of more gains to come. To test it, I looked at every double-digit rise in stocks during the first half of the year. Since 1950, that has happened 18 times. Here's what came next... [Chaikin PowerFeed] Returns don't tend to slow down after a great start to the year. Instead, stocks have a history of rallying 6.8% through the end of the year. And 12 months later, the typical gain was an impressive 13.2%. The results were even better in recent history. We've seen seven similar situations if we shorten our time frame to the past 30 years. Here's what happened after those setups... [Chaikin PowerFeed] The typical return was another 10.6% rise by the end of the year. And those gains swelled to 15% over the next 12 months. Plus, stocks were higher by the end of the year 100% of the time... So the odds of success are stacked massively in our favor. At DailyWealth, my colleagues and I often write about the power of investing with the trend. And today, the trend is in our favor. History shows this momentum should continue. We could see double-digit gains by the end of 2024. And that means we want to stay bullish right now. Good investing, Brett Eversole --------------------------------------------------------------- Editor's note: In DailyWealth, Brett and his team share more than just the day-to-day opportunities they see in the markets... They also discuss strategies that can help you safely – and steadily – build a lifetime of wealth. Like the PowerFeed, you can receive DailyWealth for free in the morning every weekday the markets are open. Learn more about DailyWealth and sign up by [clicking here](. Market View Major Indexes and Notable Sectors # Hld: Bullish Neutral Bearish Dow 30 +0.09% 8 18 4 S&P 500 -0.87% 124 303 69 Nasdaq -2.18% 32 51 16 Small Caps +3.63% 562 1016 311 Bonds +0.97% Real Estate +2.66% 1 28 2 — According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks are somewhat Bullish. Major indexes are mixed. * * * * Sector Tracker Sector movement over the last 5 days Real Estate +4.04% Utilities +3.38% Health Care +2.83% Materials +2.14% Financial +1.66% Industrials +1.49% Staples +0.88% Discretionary +0.67% Communication +0.58% Information Technology -0.23% Energy -1.4% * * * * Industry Focus Health Care Services 7 37 15 Over the past 6 months, the Health Care Services subsector (XHS) has underperformed the S&P 500 by -18.26%. Its Power Bar ratio, which measures future potential, is Weak, with more Bearish than Bullish stocks. It is currently ranked #16 of 21 subsectors and has moved up 2 slots over the past week. Indicative Stocks [rating] OPK OPKO Health, Inc. [rating] MODV ModivCare Inc. [rating] ACHC Acadia Healthcare Co * * * * Top Movers Gainers [rating] SBAC +7.52% [rating] BLDR +7.44% [rating] MHK +7.4% [rating] DHI +7.26% [rating] LEN +6.94% Losers [rating] TSLA -8.44% [rating] LRCX -5.98% [rating] NVDA -5.57% [rating] AMAT -5.38% [rating] MU -4.52% * * * * Earnings Report Reporting Today Rating Before Open After Close BK, C, JPM, WFC FAST No earnings reporting today. Earnings Surprises [rating] PEP PepsiCo, Inc. Q2 $2.28 Beat by $0.12 [rating] DAL Delta Air Lines, Inc. Q2 $2.36 Missed by $-0.02 [rating] CAG Conagra Brands, Inc. Q4 $0.61 Beat by $0.04 * * * * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, [click here](. You’re receiving this e-mail at {EMAIL}. 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