2 Large Cap Growth ETFs You Can't Afford to Miss in 2024

[ETF Daily News]( January 9th, 2024 SPONSOR [This breakthrough will drive the next wave of AI profits]( AI stocks are crushing the market right now. Nvidia jumped 246% just this year... Upstart soared 496%... And BigBear.ai exploded 737%. But according to one of America's foremost tech experts (his firm recommended Nvidia back in 2016)... Another AI company is about to take the stock market by storm... and make early investors huge gains. As of this morning, 19 Wall Street billionaires already own shares. [Click here for more.]( [2 Large Cap Growth ETFs You Can't Afford to Miss in 2024]( One of the few appealing combinations in the investment world includes stability offered by large-cap companies combined with growth attributes like solid revenue and high projected growth. That is where large-cap growth ETFs come into play, suitable for investors who can tolerate short-term market uncertainty, have a long-term investment horizon, and adopt a buy-and-hold approach. Therefore, top-performing large-cap growth ETFs iShares Russell Top 200 Growth ETF ([IWY]( – [Get Rating]( and Invesco QQQ Trust ETF ([QQQ]( – [Get Rating]( could be ideal investments this year for stable long-term returns. The economy [added 216,000 jobs]( in December, and the unemployment rate was unchanged at 3.7%, a historically low figure, the U.S. Bureau of Labor Statistics reported. Hiring last month far topped economist expectations and accelerated from the prior month, rebuking concerns of a recession in the upcoming months and signaling a resilient economy. However, the robust jobs report may pose a challenge for the Federal Reserve as it tries to cool the economy and slow price increases. The consumer price index (CPI), a closely watched inflation gauge, [rose 0.1% in November]( and was up 3.1% from a year ago. While the monthly inflation rate indicated an increase from the flat CPI reading in October, the annual rate showed another decline after hitting 3.2% a month ago. Inflation is well below last summer’s peak of 9.1%; however, it remains more than a percentage point above the Fed’s target of 2%. Policymakers also watch closely the pace of wage growth since a surge in worker pay could prompt businesses to balance out the added costs by increasing prices. Wages grew 4.1% last month compared to a year earlier, defying the downward pressure imposed by the Fed. The robust jobs data could potentially delay the Fed’s recently announced plans to cut interest rates this year. The central bank, in its recent December meeting, [held key interest rates steady]( for the third consecutive time, staying in a targeting range of 5.25%-5.5%, and set the table for three rate cuts in 2024. Fed officials “reaffirmed that it would be appropriate for policy to [remain at a restrictive stance for some time]( until inflation was clearly moving down sustainably toward the [Federal Open Market] Committee’s objective,” according to minutes of their meeting in December. Amid this backdrop, you could consider investing in large-cap ETFs. Most of these ETFs tend to invest in large-cap companies —those with market caps larger than $10 billion and up to more than $1 trillion—usually with established brands and strong balance sheets. Most large-cap growth portfolios focus on companies in rapidly expanding industries. These funds offer a higher potential of returns over the long term. Surely, stocks it tracks tend to fluctuate, but large-caps are less volatile compared to their small-cap or medium-cap cousins, making them a better choice for risk-averse investors. Now, let’s look at the fundamentals of the two… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2024 ETF Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019