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The analysts point to the stocks' right-sized valuations and a potential improvement in fundamentals. The sector has lagged the S&P 500's rally this year, up just 1%, while the index has surged 26%.
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
The Dow's losses amount to roughly 3%, or more than 1,500 points, in the past nine trading sessions. The index has fallen from a record close of 45,014 on Dec. 4 to 43,499 as of Tuesday's close.
NEW YORK (AP) — U.S. stocks rose Friday to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The S&P 500 rallied 1.1% for its best day in six ...
A forward price-to-earnings (P/E) ratio is based on consensus analyst estimates for the next 12 months of earnings. Given that the S&P 500's current P/E ratio is 30.3, there's a lot of implied ...
Nearly 80% of analysts tracked by Yahoo Finance, including Rasgon, have a Hold rating on the stock, with an average price target of $24 over the next 12 months. "I don't envy the new CEO," one ...
U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought.
Technology stocks weighed on Wall Street on Tuesday, as investors grew cautious ahead of the Federal Reserve's interest rate decision this week following a stronger-than-expected retail sales reading.