The year 2024 gives investors many reasons for optimism. Inflation in the US is declining, as confirmed by the latest data showing a year-on-year decline to 2.4%, just below the Federal Reserve's target. At the same time, the stock market continues its positive trajectory, with the S&P 500 index reaching a new all-time high of 5 859 points, up 23% since the beginning of the year.
For many skeptics who predicted a cooling economy, the results so far are proof that the market, at least as far as stocks are concerned, remains strong. John Stoltzfus, chief investment strategist at Oppenheimer, echoes this optimism, stating: "The closing price of the S&P 500 index suggests that the bull market will continue, supported by economic resilience, business and consumer activity, and there is an opportunity for stocks to rise through the end of the year."
Such a positive outlook remains for specific investment opportunities. Oppenheimer, for example, has targeted several stocks with high growth…